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VERSION 1.0 1/12/95 B-C PROGRAM: Level One Analysis Building Replacement Value ($/sf) Total Building Replacement Value Demolition Threshold / GREEN Block (Data Input). Building Replacement Value ($/sf) is a measure of the economic value of the building, including the structural and non-structural permanent parts of the building, but excluding contents. Replacement value means the cost to provide a functionally-equivalent structure of the same size. Replacement value does not include recreating historical or archaic materials, finishes or features. For historic buildings, the distinction between "reproduction" and "replacement" value may be important. Reproduction duplicates the design and architectural details of a specific building. For historic buildings, the reproduction value rather than the replacement value may be a more appropriate measurement of a building's value. If desired, an historic building's reproduction value (in $/sf) can be entered in the "Building Replacement Vaiue" block. YELLOW Block (Result). Total Building Replacement Value ($) is calculated from the value per square foot and the building size. GREEN Block (Data Input). Building Damage that would Result in Demolition, the "demolition threshold," is the percentage of building damage at which demolition and replacement (rather than repair) would be expected to occur as the economically efficient choice. Many buildings will be demolished rather than repaired when the cost to repair the damage exceeds some percentage of the replacement cost. For older, somewhat substandard buildings, the demolition threshold may be quite low (e.g., 20 or 30%). For typical, relatively modem buildings, the threshold will generally be higher (e.g., 50 or 60%). For some particularly important historical buildings, ,the demolition threshold may approach 100%. 6-8