Nowwhat? Patterson rebuild project fund. That complex is what 30 years old now? I can see why it would need extensive renovations that will take years! Give me a break!
Do you mean you can't see why it would need extensive renovations? I wonder if they'll advise what these extensive renovations are? On a 30 year building most major renovations would be to modernize it. If the owner didn't have the money they would make do with what they had and be happy with a new coat of paint and a steam clean.