|That looks like a nice, active corner treatment|
and modernist, too - via CB|Two
But about some of the cost, I am less sure.
You know already that the Court Apartment building, just barely a century old, will be demolished for this new corner building.
|Court Apartments - Jan 1st, 1916|
|The IKE Box building, Rigdon Mortuary ad, circa 1930|
|But the IKE Box will be demolished (upper right) - via CB|Two|
The 68,500-square-foot facility will cost an estimated $26.5 million to build. Nearly half of the price tag will be covered by $12 million in lottery bonds authorized last July by the Oregon Legislature. A capital campaign to raise the other $14.5 million is underway....As you read into the piece, there's a little bit of puffery in it; the capital campaign is actually hardly underway, and may even be a little stalled. Clearly part of the purpose of the article is to generate interest among donors. So it's hard to say how firm all these designs are. It seems likely the project will evolve and details engineered out as budgets are fixed. What we see is likely the most optimistic projection.
The plan is for the first floor to include a community meeting room and a café. The YMCA hopes the IKE Box fills the café space....
The YMCA plans to eventually use that property [the IKE box site] to build a separate structure focused on affordable housing, which has been part of the organization’s mission since it began serving Salem in 1892.
The affordable housing plan is not part of the $26.5 million construction price tag....
The building boom in the community could also impact the timeline. Construction of a new police facility and Union Gospel Mission are pending in the downtown area, and the recent passage of the $619 school bond measure could strain the skilled labor force.
The affordable housing project also looks great, but seems distant at the moment.
It is notable that these big projects - Police Station, UGM expansion, YMCA rebuild, and School District bond collectively - are all from non-profits. Hopefully the for-profit sector at some point will jump in.
|Not a very lively corner at the moment|
Maybe a new Y building would spur redevelopment of the half block to the east between the Y and First Presbyterian Church.
The loss of old buildings with more affordable leases and rents is a real cost of this project. We've also lost the Belluschi Bank and the Barrick Funeral Home to demolition. Even with the Y's mission as a non-profit, are we making downtown a playground for the weathy? Old buildings can be important as a source of lower-cost rent for residents and as entrepreneurial incubators.
As long as the Y is able to fulfill the affordable housing project, the loss of the Court Apartments and Rigdon Mortuary could be reasonable trade-offs. But if that piece is not completed, the loss of those old building will just be a loss.
It will also be interesting to think about this in comparison with the Kroc Center project - in fund-raising, in urban form, and in style.
Anyway, lots to think about here, and obviously more to come as the project develops.