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Capital Campaign Update

8/2/2018

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First, we have raised more than $900,000 in cash and pledges towards our $1,000,000 goal and we actively continue to solicit donations and pledges. 
 
Through the site preparations last fall, we learned that the soil that the building will be built upon is worse than expected (we are located on top of a former landfill so it is more complicated than normal bad soil) which have impacted construction costs.  With the current state of construction costs in Nashville, coupled with the additional construction costs relative to the poor soil conditions, the cost of the project has gone up dramatically. At one point the project was estimated at 1.6 million dollars and Progress explored the option of reducing the size of the building.  Unfortunately, the cost savings would be negligible and the smaller size would not serve organizational needs.  Both the architect and the contractor have worked tirelessly with us, making further revisions and asking the sub-contractors for help in reducing our cost.  With cuts and further cost-savings, the project came back to us at $1,302,790 and includes a contingency of 10% which we have been assured is more than sufficient given our soil and building conditions. 

We are currently looking at a timeline of 9-12 months and we expect to see soil moving onsite within the next 60 days, permits allowing.
 
Again, thank you very much for your generosity and patience through this long process – we are so very grateful for your support.  We will continue to keep you informed.  Thank you again for all that you have done to support Progress.
 
Please know that through your generosity, you are improving the lives of seniors and people with disabilities.  You provide compassionate supports so that people can live as independently as possible.  You are changing lives and changing the world.  Thank you – we are so very appreciative.
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       Progress Inc.      319 Ezell Pike       Nashville, TN 37217           Phone: 615.399.3000      Fax: 615.365.0259