School construction costs soar in Southern California

About four years ago, Nichols Elementary School in Oceanside, Calif., cost about $10 million to build. Today, Foussat Elementary, an identical campus under construction in the same city, is expected to cost $15.2 million. The comparison gives a sobering picture of the dwindling value of bond dollars in Southern California, district officials say.

Click here to read the San Diego Union-Tribune article