What is the difference in cost for repairing vs. replacing Forest Hill?
The cost to repair (more accurately to tear down parts of and rebuild) Forest Hill is close to $18 million. The cost of a new elementary building is approximately $21 million, so the cost of repairing Forest Hill is about 85 percent of the cost of building new. The industry standard for repair vs. replace is to replace when the cost of repair equals 60 percent of the cost of replacement.
