Financial

The detailed Cost estimate produced by our Architect, Black River Design, is just under $10.4 million. A break down of that number is as follows:

• Direct Construction...8,057,000
• Renewables (pellet/solar)...375,000
• Contingency (10%) + asbestos cleanup...1,043,000
• Archit/Engineering...647,000
• Other Fees...187,000
• Misc Equip/Exp...108,000
  Total 10,417,000

Of the direct construction cost, $4.1 million represents mechanical and electric upgrades and the installation of a sprinkler system. The direct cost number represents approximately $100 per square foot to make this building 2011 modern.