Non-Green Buildings Soon to Cost Owners $$!

"At this point it is my experience green buildings are receiving the same financing they would get for any high quality building with a good tenant ... what I think will change is that lenders will start assessing a premium on financing for any building that is not designed to green standards."

Comparing green buildings to the advent of air conditioning, the quote continues:  "At first buildings that came equipped with air conditioning were seen as luxury developments.  But within a short period of time any building that didn't have it was considered functionally obsolete."

             -- Jim Amorin, president-elect of the Appraisal Institute [via]