3 ms·
5%? $250,000,000 a year to maintain a building? I don't know anything about building maintenance costs, but a quarter of a billion dollars a year seems a little
by visakanv 9y ago
5%? $250,000,000 a year to maintain a building? I don't know anything about building maintenance costs, but a quarter of a billion dollars a year seems a little excessive. How do you arrive at that figure?
- refurb 9y agoSeems high. For residential real estate, you usually estimate 1% of a home's cost. So for the campus it would be $50M per year, which wouldn't surprise me in the least.
- giarc 9y agoA lot of that would be energy costs as well, which the new building will have for much cheaper with the solar panels on the roof.
- pinot 9y agoMaintenance and operating. It's not far off.