LMCP_Hall Association

Capital Plan

A capital plan directs “capital improvements” – building improvements above and beyond routine maintenance and upkeep. Examples of capital improvements include installing air conditioning, making ADA improvements, and upgrading or installing elevators. These improvements come out of the hall’s capital budget versus the operating budget. Capital improvements are necessary for maintaining safety, efficiency, accessibility, security, and code compliance. These improvements also build member pride, improve prospect interest, create a favorable public impression, and increase rental and revenue potential.

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