Tisbury voters are likely to be asked in June to approve $55 million in long-term bond debt to renovate, expand and modernize the town’s 90-year-old school building.

As town leaders whittle away at their school building project, trimming costs and discussing how best to house students during construction, a new proposal emerged.

The latest estimated construction cost for the Tisbury School project is now $53.2 million — nearly $5 million lower than the previous estimate.

The Tisbury School building committee will not meet on August 31, with the next meeting expected to be scheduled for mid-September.

The Tisbury School building committee agreed this week on a conceptual design for a school addition that puts the gymnasium at parking level to provide easier access for town residents.

Monday's school building committee meeting on Zoom has been moved to 7 p.m. for a discussion of changes to the school gym.

A redesigned, expanded Tisbury School is taking shape on the desktops of Boston-based Tappé Architects; conceptual designs will be shared with the public beginning next week in a monthlong series.

A divided Tisbury School building committee voted eight to one Monday to move ahead with a $55 million plan to renovate the town elementary school.

A renovated, expanded Tisbury School could cost more than $55 million, according to estimates presented by the architect to the school building committee this week.