Library Costs Lower Than Expected
The bids are in, and the good news for the Petersburg Library Foundation is that the new building will cost about 25% less than expected.
The price tag is $12. 7 million, that’s some $1.6 million less than originally estimated. The savings, Robert Walker said, are the result of lower costs for construction, not through skimping on the design. Walker is President of Roslyn Farm Corporation and chairs the foundation. He told the Progress Index that he’s comfortable the community will raise the money needed to get financing and begin construction in the fall. Right now the Foundation has a little over $7 million on hand. W.M. Jordan Company of Newport News submitted the winning bid. That’s the firm that built the new headquarters of the Appomattox Regional Library System in Hopewell.
John Ogle, WCVE News.