Does the 'system' support Green building?Last Updated on 2010-03-04 12:00:14 In a word, from my experience? No.
Despite the support our new building project has received from Murray City (thank you Gilbert, Chad, and everyone at the planning office!), we are still dealing with a traditional loan process. Recently, our building project was appraised at about $1.6 million UNDER our budget! What this means for us is a prospective loan for $900,000 less than what it will cost us to build the new school facility.
Why, you may ask, is this happening? It certainly isn't because the project is wasteful or overly glamorous. I fact, our construction budget has been trimmed down several times. We lowered the square footage by selecting two areas for future development; we scaled out virtually every element of 'extras' in the building; we found ways to cut materials costs wherever we could without sacrificing safety or our net-zero energy model. So where is the... More »