Shelby King//February 4, 2015//
The City Council at a Tuesday work session entertained possibilities for fixing the myriad problems plaguing the Portland Building.
鈥淭hey were in a work session today to talk about options 鈥 funding options and timeline options,鈥 said Dana Haynes, Mayor Charlie Hales’ communications officer. 鈥淣o decisions were made.鈥
Staffers from the city’s Office of Management and Finance estimate that updating the building’s exterior would cost about $67 million, Haynes said. Financing for exterior renovations would likely be sought through a 20-year or 30-year bond.
鈥淭hey’re going to have another work session in March,鈥 Haynes said. 鈥淭he Office of Finance and Management is planning to present rough estimates on how much fixing up the interior and exterior would cost.鈥
The focus of interior renovations would be creating more natural light in office spaces and 鈥渃reating a healthier work environment鈥 for employees, Haynes said.
The building, which two years ago was added to the National Register of Historic Places, was designed by renowned architect Michael Graves. Since its completion in 1982, the building has been plagued by structural issues and leaks.