Is there any disclosure on the average cost to maintain a D65 school building beyond fixed costs like teachers? I worked for a large hotel company during Covid. We closed many properties bc some were costing over $1 million a month to just stay open with no guests. And, they were not 77 years old. So, when you combine required cap ex …
Is there any disclosure on the average cost to maintain a D65 school building beyond fixed costs like teachers? I worked for a large hotel company during Covid. We closed many properties bc some were costing over $1 million a month to just stay open with no guests. And, they were not 77 years old. So, when you combine required cap ex (roofs, HVAC, etc), with janitorial staff, heat, water, etc. it could gives you a sense of the overhead.
Good question - I will look into this. The current state of records related to D65 physical asset records is not very good, so I'm not optimistic. I will poke around, though, there are a few documents they had Cordogan & Clark generate a few months ago I can FOIA.
Is there any disclosure on the average cost to maintain a D65 school building beyond fixed costs like teachers? I worked for a large hotel company during Covid. We closed many properties bc some were costing over $1 million a month to just stay open with no guests. And, they were not 77 years old. So, when you combine required cap ex (roofs, HVAC, etc), with janitorial staff, heat, water, etc. it could gives you a sense of the overhead.
Good question - I will look into this. The current state of records related to D65 physical asset records is not very good, so I'm not optimistic. I will poke around, though, there are a few documents they had Cordogan & Clark generate a few months ago I can FOIA.