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[IL] Pace to get new headquarters

 
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ripta42
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PostPosted: Thu Jun 07, 2007 9:42 am    Post subject: [IL] Pace to get new headquarters Reply with quote

U.S. funds to help Pace pay for new office center

Chicago Tribune, June 7, 2007
by Richard Wronski

In what Pace officials called a necessary and cost-efficient step, the suburban bus agency on Wednesday approved construction of a $13.7 million administrative center in Arlington Heights.

Pace has been contemplating the project for 12 years, but it gave the go-ahead just as the region's transportation agencies face a $226 million operating fund shortfall for this year.

Money for the 60,000-square-foot center, however, is coming largely from previously dedicated capital funds, Pace spokeswoman Judi Kulm said. Most of the money, about $7.7 million, comes from a federal grant that Pace would lose if the money was not used for the new center, Kulm said.

The two-story center will be built adjacent to Pace's 45-year-old offices at 550 W. Algonquin Rd. Construction will begin this summer and will take about a year, Kulm said.

Pace officials have long described their 45,000-square-foot headquarters as outdated, inefficient and cramped. It needs $3.5 million worth of heating, air-conditioning and roof repairs, Kulm said.

"We might be throwing away more money if we keep this building," Kulm said. "This is the most cost-effective thing to do."

The new building will be very basic and utilitarian, Kulm said.

The low bidder on the project was Nicholas and Associates of Mt. Prospect.
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