Richmond officials say it will cost much less than expected to tear down an abandoned hospital complex that's become an eyesore targeted by vandals and thieves in the eastern Indiana city.
A city board has awarded a $3.5 million contract for demolition of the former Reid Hospital facility to Indianapolis-based Renascent Inc., which beat out 17 other companies that bid on the project.
Renascent's other notable partial and complete demolition projects include Community Hospital East, Pepsi Coliseum at Indiana State Fairgrounds, Ball State University's Lafollette Complex and the two-building 15-story Statesman Towers complex at Indiana State University.
Richmond City Controller Beth Fields told the Palladium-Item that additional expenses will boost the total cost of about $4.5 million. But that's far below the anticipated $8.1 million price tag.
Officials are planning to use state loans for the project. Work at the building could start in early January.
The building has gone unused since Reid Hospital moved to a new campus in 2008. The city took over the site after an out-of-state owner stopped paying property taxes in 2011.