Quote:
Originally Posted by Drybrain
In other words, the "cost" of this project is somewhere between $6 million and $22 million, not $86 million.
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There's very little sense of perspective. This is one of the few landmark older buildings in the part of town it's in, and it's been there for around 100 years. This area is growing a lot too; it's going to need more services in the future, and it will contribute much more to the tax base. The restoration work will be enjoyed for many decades, and it's not necessarily more expensive than disposable buildings that are town down and replaced every 25-40 years. You can't meaningfully talk about dollar costs without also talking about timeframes.
I wonder what the quality of the restoration will be like. It looks functionally decent in the renderings, with a lot of windows being restored, weird vents being eliminated, etc. The building could be much, much more appealing than it is now. It's not merely a case of spending money to keep the status quo, but rather to bring back a building that's been hacked at over and over for many years.
One rendering shows that the new part will be partially clad in "precast panel with reclaimed brick aggregate". Not sure I've seen examples of that material. I've seen lots of disappointing tinted precast and imprinted patterns that just look fake.