Across hundreds of tours with people from all walks of life, one question comes up repeatedly: What did the Bullitt Center cost?
Total project costs (hard costs, soft costs and land) for the 52,000 square-foot Bullitt Center were $32.5 million. As the first of its kind, the building cost more than conventional construction. With the benefit of hindsight, the project team is now confident that subsequent buildings – even those that seek equally ambitious performance goals – will cost significantly less.
A careful analysis of the Bullitt Center’s finances demonstrates that for many developers and owners who plan to own and operate a building for a long time – including governments, academic institutions, museums, foundations and health care organizations – a compelling case can be made today that very- high-performance, deep green buildings can pass financial tests while also delivering a valuable stream of mission-oriented “external” public benefits.
Download the Bullitt Center financial case study here: Bullitt Center Financial Case Study FINAL