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Arlington

Price tag of Arlington’s new high school capped at $234.3 million

An aerial view of the new Arlington High School being constructed in front of the old school.Consigli Construction

With construction of a new Arlington High School underway, the town recently reached agreement with the construction manager setting a guaranteed maximum price of $234.3 million for the project.

Workers in October began the project’s initial phase, construction of the first two wings of the future 409,000-square-foot building. The new contract agreement with Consigli Construction, which is building the new school, marked the final step in pricing the project and allows for Consigli to proceed with the project in its entirety, officials said.

Because construction bids came in below estimates, the town in the final agreement was able to restore items previously cut from the budget, including lighting at the new athletic fields, a ramp connecting to the Minuteman Bikeway, and a traffic signal at Mill Street.

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The new school is being built on the Massachusetts Avenue site of the existing 106-year-old building. The Massachusetts School Building Authority is funding $86 million of the cost.

John Laidler can be reached at laidler@globe.com.