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The group removed the new municipal building at Ripley option from further financial analysis because it offered minimal benefit. It set cost assumptions of $500 per square foot for renovations and $700 per square foot for new construction, with a working estimate of approximately $31.5 million for renovating the Peabody building.
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The group is comparing ways to consolidate municipal facilities, including renovating Peabody, building at Peabody, or maintaining current facilities. Its financial comparison will use consistent cost assumptions and include notes about uncertainty, but no final facility decision was made. The options will next be scored on financial benefit, staff consolidation, resident convenience, and sustainability.
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