When California-centered C.W. Driver Cos. began operate on the new 94,000-square-foot K-eight Cadence Park University campus in Irvine in 2016, the all round development costs came in at $475 for each square foot.
But in 2019, as the organization began mapping out the development of Heritage Fields University No. three, yet another K-eight campus for the Irvine Unified University District, costs had surged to $598 a square foot.
That is a jump of 26% in just three years, and it echoes a trend skilled all over the country.
Primary algebra: Costs are adding up
“Over the past few years,