Professional Documents
Culture Documents
14 January 2016
Consolidation Goal
Provide best in class service to parents, community
members, and
prospective and current employees by
consolidating departments to a
single location for
one stop shopping
Improve accessibility (single location vs. many)
Improve quality of service and experience
NEW PARKING
STRUCTURE
S
EL
V
LE
SF
S
EL
V
LE
6
S
R
A
C
0
78
BUILDING
ADDITION
1K
33
PARKING
ADMIN
BUILDIN
G
EXISTIN
G SITE
EXISTING
BUILDING
140,548 SF
New Building:
9 Floors / 331,200 SF
Land Area:
3.9 Acres
New Parking:
780 Cars
Parking Ratio:
PARKING
EXISTIN
G SITE
ADMIN
BUILDIN
G
ANCILLARY BUILDINGS
TO BE DEMOLISHED
EXISTING
BUILDING
332,685 SF
Land Area:
27.82 Acres
New Parking:
1,421 Cars
Parking Ratio:
EXISTIN
G SITE
ADMIN
BUILDIN
G
PARKING
360,000 SF
Land Area:
17.89 Acres
New Parking:
1,440 Cars
Parking Ratio:
EXCLUSIONS:
F, F, & E
COST ESTIMATES
Demolition
Renovation
SITE
New
Construction
Structured
Parking
Surface
Parking
Hard Cost
Soft Cost
(SUBTOTAL)
(ALLOWANCE)
TOTAL
ROSS
$250,000
$3,700,000
$57,300,000
$8,600,000
$200,000
$70,050,000
15%
$80,557,500
LAMAR
$3,100,000
$53,900,000
-----------------
-----------------
$2,800,000
$59,800,000
15%
$68,770,000
BECKLEY
$2,000,000
-----------------
$57,500,000
-----------------
$2,350,000
$61,850,000
15%
$71,127,500
SCHEDULE
TOTAL
DURATION
SITE
ROSS
DUE DILIGENCE (2
MONTHS)
DESIGN & PRECON (10
MONTHS)
CONSTRUCTION (20 MONTHS)
LAMAR
DUE DILIGENCE (3
MONTHS)
DESIGN & PRECON (10
MONTHS)
CONSTRUCTION (18 MONTHS)
BECKLEY
DUE DILIGENCE (2
MONTHS)
DESIGN & PRECON (8
MONTHS)
CONSTRUCTION (17 MONTHS)
32
MONTHS
31
MONTHS
27
MONTHS
Note 1:
Note 2:
Note 3:
Note 4:
Sale of Surplus
Administration Properties [2]
$
154,693,899
52,763,718
6,154,411
The Parson Assessment was used to determine the 5 year maintenance cost, minus the CY 14-15 actual
expense. Costs span from current year to 2020.
Valuations based on CBRE analysis
Current annual operation cost
The annual operating cost of a new facility is estimated to be less than $1 million. Eventually, additional
savings of $2 million would be achieved based on current rental for administrative space.