"It was one of those little things we had to resolve," said Daniel O'Connell, the North Shore Tech superintendent.
The new vocational school, to be built on the north side of Route 62 in Danvers, is projected to house 1,440 students from 17 communities. Some of the buildings at Essex Aggie will be reused; many will be demolished. North Shore Tech's building in Middleton will be sold; officials are expecting to get about $4 million for it.
The state is paying $98.6 million of the project's $133.77 million price tag. After the sale of North Shore Tech, that leaves just over $31 million left for the participating cities and towns to fund. Each will pay a share of that cost based on the percentage of students from the community enrolled in the new megavoke.
Peabody, for example, which is estimated to account for 22.8 percent of the new school's enrollment, will pay for 22.8 percent of the costs. Topsfield will only pay about 0.7 percent of the cost. Those percentages will fluctuate each year based on enrollment.
The other cities and towns signed on to the project are Salem, Beverly, Danvers, Hamilton, Wenham, Marblehead, Swampscott, Boxford, Middleton, Manchester, Essex, Gloucester, Rockport, Lynnfield and Nahant.