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Consultants present districtwide facility conditions assessment and AssetCalc portal; $1.78 billion 20-year reserve estimate
Summary
Consultants told the committee they surveyed 79 district buildings, logged more than 10,600 observations and produced a 20-year forecast of reserve costs totaling about $1.784 billion; the data are published in a live AssetCalc portal for district planning.
Steve Raskin of Cortigan Clark presented the district’s facility conditions assessment to the St. Louis Public Schools Real Estate Committee, describing a data-driven inventory of 79 buildings and an online AssetCalc portal the district can use for near-term and 20-year planning.
Raskin said assessors reviewed more than 6,500,000 square feet and recorded more than 10,600 unique observations. Using industry measures such as expected useful life (EUL), remaining useful life (RUL) and the Facility Condition Index (FCI), the consultants calculated a portfolio replacement and reserve forecast that…
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