midwestpa24
Final Approach
Of course building codes aren't negotiable. My point was of course building codes have changed making things more expensive than they once were...things like hurricane structural ties that weren't required in the past, just as an example... of course not optional.
but I don't think you caught my meaning of "changing specifications".
Spec wired for 240VAC vs spec for a single 15amp 110VAC outlet vs spec for no electricspec to include plumbing for a bathroom in each hangar vs noneSpec for great lighting vs minimal lightingSpec for for concrete slab floor vs epoxy coated vs polished terrazzo vs something else cheap like gravelspec for higher ceilings vs lower ceilingsspec for HVAC vs a ceiling fan vs nothingspec for fancy wood paneled insulated walls vs unfinished exposed structureetc....there are tons of ways that an engineer/architect/designer/builder can spec for a higher vs lower cost.
That is exactly the minimalist t-hangar cost I am talking about, it still cost more than rent alone can justify. By the math we ran, $1,000 a month for a basic unheated, uninsulated, bare concrete floor 42 ft wide T-hangar. Area hangar rates are not even remotely close.
Our airport did build a new bank of 10, $1.5 million for just the building on a shovel ready site, but it was only possible through a grant.