Thursday, 13 March 2014 00:00
I have read several articles and letters to the editor about “saving” the massive Glenwood Landing Power Plant main building and converting it to a community center or some other public facility.
Not once have I seen anyone lay out the cost to do this, and to maintain and run the huge edifice for such a purpose. Just the cost of converting this large multistory structure for any community use would be in the range of $25 to 50 million, possibly more. This would include full restructuring of the interior to meet current code, a complete new HVAC system, elevators and ramps for the handicapped as well as facilities, offices, public space, windows, water and electric modifications and on and on.
In addition, before this could start there would have to be an architectural site plan and a final site plan that would have to go before the Zoning and Planning Boards and be approved.
Even if approved and finally completed the annual cost of maintenance alone could range from $300,000 to well over $500,000 per year. This does not include the cost of the functional staff and the cost of the programs and materials needed for operation.
Because this building is in the TNH and not in TOB, TNH would control the process. The taxes needed to create and run the facility would have to come from the few Glenwood Landing properties in the TNH and from all of the property owners in the TNH, raising the question of not only who would pay for but who would benefit from any community project on this site. Perhaps the proponents could come up with a financial plan that would not raise taxes, and a plan for a fully shared facility, if they are serious.
Glenn Howard, Jr.