NorthWest Biotherapeutics Inc (NWBO)

[PacificNW]

Lets go over which way to rehab an existing older building that will be the most cost effective and get the biggest bang for the dollar as well as other reasons.

If the existing structure is sound and additional square footage is required adding another structure to the rear or side that is attached can be very cost effective since you wouldn't have to alter the existing building. Pouring a new footing and/or slab is cheap and building new is simple and without any unknowns. This method is by far the cheapest.

Today due to enviornmental issues inside the building and outside ceiling in labs need to be raised to ventilate the rooms and an efficient and inexpensive way is to raise the ceilings via removing old less structural roof and adding a new one that will allow all the new equipment that is now required to be placed on the new roof that is now structural compared to the polder one. This method of rehab is incredible efficient and cost effective.

Raising a roof of an existing older structure is also inexpensive since a roof could already be needing replacement and thus would have to be removed and replaced anyways. Adding a little height which sounds like that is what happened there when the member said several feet was added can accomplish exactly what is needed to retrofit the building without costing too much on the rehab. The footings can be investigated from prior plans or in the field and would probably handle the extra load without any additional reinforcing. But to add another floor is much more complex and typically requires bigger footings and more internal structural modifications to hold the additional heavier load from top to bottom which is quite i=extensive and expensive.

Changing the exterior to modernize it for beautification is also pretty inexpensive and can bring the building into compliance for weatherization and compliancy. If you have to replace all the windows and doors and add insulation then pulling off the exterior is the way to go and at the same time you can upgrade it for these purposes and enhance the building appearance in one fell swoop, pretty efficient and cost effective. Obviously rehabbing inside and out is far cheaper than building a brand new structure.

From what it sounds from our member is that the building's existing footprint internal square footage was fine for its new pruposes and the ceilings were just raised to accomplish the new standards that are required and the roof was rebuilt higher to accommodate the ceilings and the new ventilation equipment that would also be required. I am definitely with NWBO impressed in what I am hearing. It also sounds like it is moving along rather quickly.

As to the enviornmental remediation cleanup that is required on the property due to the enormous size of the property and the location of the pollution it appears that it can be an ongoing process that will not effect the rehab of the existing structure nor it use/occupancy i.e. it will have no effect on usage.