As the economy continues to stumble along, the effects on the green building industry are starting to emerge. Green Building Law Update previously predicted that LEED certification would find itself on the chopping block and specific examples were discussed. Now, via Jetson Green, an even more stark example has emerged:
Dave Radcliffe, Google's vice president of real estate, said the project didn't make financial sense at the moment, even though the company reported unexpectedly high profits this quarter.
"We're focused on making the most efficient use of the space we have," he wrote, "and new construction at the site doesn't currently make the most economic sense."
"I don't think it's going to cost any more than it would to do a Class A style building for Google," Farrell said. "It's certainly going to cost less in the long run -- 10 to 20 years."
- Cutting Edge LEED on the Chopping Block? (GBLU)
- Projects Cut Out LEED Certification (GBLU)
- Google Puts Plans for Beyond LEED Platinum Offices on Hold (Jetson Green)
- Google's 'extraordinary' building (Mountain View Voice)
- Go Green or Die Not Trying (GBLU)