This budget represents the NYBC Master Plan for the renovation and expansion of 332 Riverside Drive. Our goal is to raise $1.69 million over the next five years. The Board decided to conduct a capital campaign that does not destabilize the general operations of the Church. It plans to be prudent and not incur debt; therefore, the project will move forward in three separate stages. As funds are raised, each stage will be completed.
The most immediate goal is challenging, but we hope achievable: to raise $397,900 by the end of 2008 for Stage 1. This will complete the renovation of the hondo, the installation $230,000 in cash. The next two stages of expansion are projected to take place over a four-year period concluding in 2012. We are exploring how to incorporate "green standards" to provide environmentally safe and efficient conditions for NYBC.
Stage 1: Hondo (main hall) and Dojo (church gym) (2008)5,000
150,000
116,000
150,000
10,000
Subtotal: $483,000
144,900
Stage 1: $627,900
Roof patch
Hondo interior renovation, including skylight and new seating
HVAC system* for hondo and dojo
Dojo sound attenuation
Dojo lighting and finishes
Soft costs/contractor's overhead and profit/contingency @30%
10,000
120,000
125,000
100,000
60,000
150,000
Subtotal: $604,000
181,200
Stage 2: $785,200
Temporary relocation of Shinran Shojin statue
Facade
Floor, walls, finishes, stairs, vestibule, lighting and HVAC
Elevator
Dojo plumbing, fixtures, finishes
Construct additional floors (unfinished), new roofs and hondo balcony
Soft costs/contractor's overhead and profit/contingency @30%
