FY2025 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: FC2011

Activity #:

Capital Project Title: Innovation and Technology Center

Region: Frederick

Asset Type: Community College Asset Category: Community College

Year Identified: 2023 Est Completion Date: 6/30/2033

Capital Project Status: Active

Capital Project Description: This project will connect with Catoctin Hall (Building C) and will provide space for creative development of ideas spawned in other FCC courses and by institutional and business partners in the County. Functions Include: Science and Biotechnology labs, an Innovation Center serving the FCC community and other entrepreneurial initiatives, instructional spaces for STEM programs, offices, lecture hall, and support spaces. Academic space to be included in the program will also allow for expansion of Continuing Education/Workforce Development programs that are currently only offered at the Monroe Center facility. This project will require reconfiguration of Parking Lot 5 and will result in a net loss of parking spaces. The pedestrian axis identified in project 1 will be extended to a landscaped plaza planned for this building. Estimated Size: Two Stories, 54,600 GSF

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After 1,870,912 23,386,400 1,382,848 17,285,600 3,253,760 40,672,000

Construction - State's Share 25,257,312 Construction - County's Share 18,668,448

Total Cost:

43,925,760

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After 1,870,912 23,386,400 1,382,848 17,285,600 3,253,760 40,672,000

MD FCC - Capital Project General Obligation Bonds

25,257,312 18,668,448 43,925,760

Total Cost:

190

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