Chicago seeks private money to fund energy retrofits on public buildings

July 20, 2011 |
Drew Ballensky

The City of Chicago is attempting to attract private funds to pay for energy efficiency upgrades of nearly 100 public buildings. The buildings that together have more than 6.5 million square feet of space would be retrofitted at a cost of about $40 million, reports the Chicago Sun-Times.

Projected energy savings on the city-wide retrofit program would be used to secure private financing. Annual energy savings is estimated to be $5.7 million, and the project is expected to create 375 jobs.

The project will be modeled on the retrofit of the Richard J. Daley Center. That effort included an energy audit, followed by conservation measures including lighting upgrades, water conservation modifications to public restrooms, new boiler controls, and variable air boxes for a pair of fan systems serving the building’s first eight floors. The Daley Center upgrades have cut $600,000 from the building’s annual utility bills.

Drew Ballensky | Reconstruction Blog

Drew Ballensky is general manager of Duro-Last Roofing, Inc.’s central U.S. facility in Iowa and company spokesman for Duro-Last’s cool roofing, sustainability and architectural education programs. He is past-president of the Chemical Fabrics and Film Association and chairman of CFFA’s Vinyl Roofing Division. Drew earned his bachelor’s degree in industrial technology from the University of Northern Iowa and master’s degree in business administration from Florida State University.
Drew has over 29 years experience in business and industry in various engineering and managerial capacities. He has worked in the U.S. and Canadian operations for a major international manufacturer of pre-engineered steel buildings, was a financial analyst with a major athletic apparel manufacturer and was an owner of a general contracting company.

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