MANKATO — A little unexpected asbestos abatement has bumped up the cost of the renovation of the Nichols Office Building for VINE Faith in Action, but the additional cost and work won’t delay the project and reportedly falls within the project’s contingency fund.
VINE Executive Director Pam Determan said the additional asbestos abatement was minimal. She said it fell within the project’s contingency fund set up to cover unforeseen developments in the progress of a project.
“Every project comes with some hiccups,” she said.
Determan said she didn’t know the total dollar amount of the additional abatement, but said the contingency fund is between 5 and 7 percent of the project’s total cost, which is $1.7 million.
Even with the additional abatement, Determan said, the renovation is still cheaper than if they’d built new.
According to a flier circulated in 2012, VINE said, “Compared to the cost of new construction, the Nichols Building is a wonderful value. Renovating the building will be about 60 percent of the cost of building new. The full city block of land is included in the purchase price of one dollar.”
Fundraising, meanwhile, continues to go well for VINE.
The Mankato Clinic Foundation announced this week it was donating $30,000 to help VINE’s capital campaign. The donation will sponsor a walking track that will be 8 feet wide and 375 feet long. It will run around the perimeter of the third floor of the building. The track will be constructed with a material called Re-Tire. Fourteen laps around will equal one mile.
When all is complete, the building will include a multi-use 4-feet-deep warm water pool, a technology center, a fitness center, cafe and coffee shop, a large multi-purpose room for fitness classes, dances and community use, respite center and a yoga studio and game room.