Discussing the Facility Condition Index, a formula to decide when it is more efficient to replace a building than repair it. Question from the audience about historical buildings. They are calculated the same way, but we are being reassured that historic building are being recognized and treated as historic buildings. Value of the land is not calculated in replacement/repair cost.
Quote: objectively, the cost to replace Pease Elementary will be less than the cost of repairing that building.
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