Whitestone Report: Maintenance and Repair Funding Benchmarks Prepared for a Typical California County Government

SANTA BARBARA, CA - December 1, 1998 - Maintenance costs for all facilities maintained by a representative California county government were estimated to range from 2.1 percent of replacement value in the short-term, to 2.3 percent in the long-term, according to a recent Whitestone Research study. There were 56 buildings in the county government facility inventory with a total of 5.325 million gross square feet of building space.

According to Peter Lufkin, Whitestone Vice President, "This provides a good example of a technology - the MARS life cycle cost modeling - that is a vast improvement over survey data. Using MARS we can replicate this study for any building type, in any city in the U.S."

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Whitestone Research, headquartered in Santa Barbara, California, specializes in applied economic research and software development. Whitestone products and services are used every year by hundreds of major corporations, government agencies, and public and private institutions.

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