Historic Athletic Club to Undergo $2.4M Energy Efficiency Retrofit
The historic Missouri Athletic Club (MAC) will be undergoing a $2.4 million energy efficiency retrofit as part of the city’s Set the PACE St. Louis clean-energy financing program. The project is projected to provide $200,000 per year in energy savings.
Property improvements for the 100-year-old clubhouse will include lighting and heating, ventilation and air conditioning (HVAC) upgrades, as well as state-of-the-art energy management controls.
Trane is providing project management as well as energy efficient systems and services for the MAC. To assess opportunities and identify the most beneficial energy conservation measures, Trane provided an investment-grade energy audit. Based on this information, the best solutions for the facility were identified and, in collaboration with the MAC, a comprehensive scope of work was generated. Trane will also be conducting ongoing building management services to help ensure continued optimized performance.
Jefferson Bank and Trust is providing project financing for the MAC.
A sustainability initiative of St. Louis Mayor Francis Slay, Set the PACE St. Louis allows property owners to upgrade their buildings through longer term financing — up to 20 years — so that annual loan payments are offset by energy savings.
Commercial Property Assessed Clean Energy (PACE) programs are active and in development in 22 states across the United States. To date, over 330 commercial property owners have utilized more than $123 million in PACE financing to upgrade their buildings. Set the PACE St. Louis launched two years ago and represents nearly $3 million in energy saving property upgrades over 12 projects.
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