Mr. Goor wouldn't disclose what he paid for the apartment, saying only that the purchase price plus extensive renovations amounted to more than $500,000.
Some renovation projects amount to the extra steps necessary to sell the place in today's uncertain market.
The information could be important because a pillar of Mr. Stevens's defense is that he paid about $160,000 in connection with the renovation, an amount he could have reasonably believed would cover all of the work.
The city is trying to increase the flow of water through the tunnel by 40 percent with the renovation, keeping the amount of dissolved oxygen at a stable and high level.
It's not unheard of for a new renovation to add large amounts to monthly rent or sale prices, so this is an investment that's often worth it even in lean times.
If we are to achieve the targets set out by the most recent European Commission White Paper that "30%% of road freight over 300 km should shift to other modes such as rail or waterborne transport by 2030, and more than 50%% by 2050", [8], the current rail network must undergo substantial amounts of renovation, requiring significant investment.
Since 2000, properties have appreciated by 15 to 40percentt, depending on location and the amount of renovation, Ms. Hoffman said.
The faded building, constructed as a Shriners temple in 1923, needs an enormous amount of renovation work, and a major fund-raising campaign is already being planned.
When they moved to Stony Creek from Wallingford in the 1970's, he said his houses were abandoned and boarded up and needed a tremendous amount of renovation.
Short of knocking it down and building something else, no amount of renovation is going to turn an orchestra hall into something suitable for the experimental fare, multimedia offerings and modernistic operas that excite Ms. Moss.
