The project is to be completed quickly; the goal is to have apartments available for rent in the beginning of 2014. The project is estimated to cost $7 million, which is much cheaper than trying to renovate the crumbling building.
It could be argued that to re-build the building takes away from the historical preservation of the building. The building was built in 1908 and has served as a historical landmark in the community of Ticonderoga. While I do, in most cases, believe historical preservation is important, the truth of the matter is that the renovation is both more economical and practical.
This is a great project that will benefit many. It will benefit economically short-term, as well as long-term. This project will also keep the historical purpose of care and is not being converted into a series of vacant town offices.