Empire State building going green - DFWstangs Forums
 
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post #1 of 15 (permalink) Old 04-06-2009, 08:40 PM Thread Starter
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Empire State building going green

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One of the world's most famous skyscrapers - the Empire State building in New York - is going green.

A project is underway to reduce the amount of energy used in the building by more than a third, saving millions of dollars a year.

This green makeover is part of a $500m (£340m) refit which the building's owners hope will attract bigger companies paying higher rents.

Former President Bill Clinton's Climate Initiative has helped fund the project.

Mr Clinton and New York Mayor Michael Bloomberg say the changes should be a model for other buildings around the world to follow.

Some 13,000 people use the Empire State Building every day - including the many visitors to the world famous landmark's observatory.

The work will include a layer of film added to each of the 102-storey building's 6,500 windows, insulation behind radiators and improved lighting, ventilation and air conditioning.

People working in the building will be able to use the internet to monitor how much energy is being used, and where.

The plan is to cut the amount of energy used by 38% per year, saving $4.4m.
http://news.bbc.co.uk/2/hi/americas/7986774.stm

Hmmm, $500M cost with a $4.4M rate of return. Any math wizards out there?
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post #2 of 15 (permalink) Old 04-06-2009, 08:46 PM
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By the time it pays for itself there will be better "green" technologies out there. Going green is going to be like technology, you will never have the latest greatest stuff. It makes me sick.

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post #3 of 15 (permalink) Old 04-06-2009, 08:49 PM
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I wonder what kind of salesman that had to be to swing that obviously moronic cost-benefit analysis and close THAT deal.

Whoever that guy is, he needs a raise.
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post #4 of 15 (permalink) Old 04-06-2009, 08:52 PM
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Quote:
Originally Posted by TexasDevilDog View Post
http://news.bbc.co.uk/2/hi/americas/7986774.stm

Hmmm, $500M cost with a $4.4M rate of return. Any math wizards out there?
Yeah, if nothing ever breaks or requires repairs, they should break even in 2122.
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post #5 of 15 (permalink) Old 04-06-2009, 08:55 PM Thread Starter
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The pay back time in constant non-inflating dollars is 114 years.

They could have taken that money and built a huge solar array to generate energy. The return on equity would have been atleast 10-20 times higher.
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post #6 of 15 (permalink) Old 04-06-2009, 08:55 PM
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as with everything else, the cost of energy is going to go up...
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post #7 of 15 (permalink) Old 04-06-2009, 09:02 PM
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A few items..

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Former President Bill Clinton's Climate Initiative has helped fund the project.
Sounds like the owner isn't paying $500million completely out of his pocket.

The article mentions that a lot of the upgrades are in the HVAC system. The Empire State Building is how old? How long has it been since it had an HVAC update? I'm betting that money had to be spent anyways. Saving some money on future bills and getting some good press was a bonus.

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post #8 of 15 (permalink) Old 04-07-2009, 12:34 AM
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That's asinine. They have to no the math undermines the purpose of going green. I think this is more of a symbolic gesture given our current political climate.

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it was not a problem to bring money to his house at 10pm.so why is it a problem to call and bitch.it wasnt a problem when we were all sitting around smoking pot together.yes i said it we all were smoking pot together.what now stupid.
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post #9 of 15 (permalink) Old 04-07-2009, 07:43 AM
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Originally Posted by 5.0_CJ View Post
Yeah, if nothing ever breaks or requires repairs, they should break even in 2122.
What they are banking on is drumming up new business by it. They are hoping to attract big time renters after they go green. The refit should significantly decrease energy consumption for any renter (who has to foot the bill), thus making them more likely to choose the Empire State Building as their place to do business. 4.4M/yr won't be the only financial return for this. It's not as stupid a business decision as you guys are making it out to be.
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post #10 of 15 (permalink) Old 04-07-2009, 09:14 AM
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Quote:
Originally Posted by exlude View Post
What they are banking on is drumming up new business by it. They are hoping to attract big time renters after they go green. The refit should significantly decrease energy consumption for any renter (who has to foot the bill), thus making them more likely to choose the Empire State Building as their place to do business. 4.4M/yr won't be the only financial return for this. It's not as stupid a business decision as you guys are making it out to be.
Only if the extra business/rent gives a better ROI.

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post #11 of 15 (permalink) Old 04-07-2009, 09:36 AM
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They are also not telling the tax benefits they are getting for "GOING GREEN". It is smart, but it isn't being done for the benefits of the energy savings, it is all the perks that go along with saying you are green.

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post #12 of 15 (permalink) Old 04-07-2009, 09:43 AM
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It says the "green makeover" is just part of a $500 mil refit. Sounds like they're doing some renovations and this is part of that.

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post #13 of 15 (permalink) Old 04-07-2009, 12:18 PM
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Foxnews said it was going to cost $20 mil...

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post #14 of 15 (permalink) Old 04-07-2009, 10:00 PM
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Originally Posted by big_tiger View Post
Foxnews said it was going to cost $20 mil...
...as well as the NY Times, MSNBC, Forbes...

But no, let's get our information strictly from one source, the people who are experts on the Empire State building renovation; bbc.co.uk.
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post #15 of 15 (permalink) Old 04-08-2009, 07:10 AM
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I heard it was only $20 million as well, the rest is just part of a renovation

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