BELMONT
CAMPUS, LOS ANGELES UNIFIED SCHOOL DISTRICT
Partially
(60%) completed LAUSD
Belmont Learning Center campus shown below. Costs
to date have been estimated by LAUSD to be $174 million
and by the California Joint Legislative Audit Committee
to be $238 million. That includes purchasing 37 acres
formerly known as the Los Angeles oil field from Japanese
developer SHIMIZU for $30 million "as is".
Not
all, but some, of the newly constructed Belmont buildings
that were built on top of an earth quake fault and
impacted by methane gas and hydrogen sulfide are to
be demolished in the Fall of 2004.
An Additional $110 million has been approved by LAUSD
for demolition and construction (Watch
our 5.5 min video of demolition) to complete
the project. LAUSD and oil and gas experts vary in
their projected costs for remediation of the toxic
substances, estimates range from $14 million to $107
million. Therefore, it is possible that Belmont High
School could cost just under one-half a $BILLION dollars,
barring any cost overruns and change orders.