The consultants analyzed Hr. Laikve's proposal and unfortunately concluded that the proposed ideas would bankrupt the Estonian community.
Laikve's article states: “with a request for the Board to stop further work on the proposed new Estonian House-2018 until all the questions have been answered, and a detailed technical and financial study of existing Estonian House, by architects, engineers and other qualified building professionals”
As presented at the 2011 Eesti Maja Annual General Meeting (AGM), the Board and Estonian Toronto Credit Union commissioned a detailed technical and financial study to understand the cost of repairing the building's electrical and mechanical systems in addition to basic repairs required to bring the building up to standard. Turner and Townsend, a leading global consultancy, completed this analysis without adding any cost for what was behind the walls. The findings reported that the cost to maintain the building's mechanical, electrical and structural integrity is nearly $2,000,000. They also noted these repairs are likely unachievable to fix on their own (without substantial renovations or tear-down) and would put the Eesti Maja at risk for closure due to safety and hazardous materials concerns of doing renovations within an older house. (Read more from Estonian Life No. 11 2014)
