What is an Asset Management Risk Score?

The Town is in the process of finalizing an Asset Management Plan.  For more than 18 months, Addison has worked to identify and assess the Town’s nearly 60,000 physical assets that have a replacement cost of more than $950 billion.  Assets include the Town's buildings, parks, landscape areas, water and wastewater facilities, streets, bridges, sidewalks, traffic signals and signs, streetlights, fleet, airport, and storm water systems. Each system was assigned a physical health score that reflects its condition and the total replacement cost.  Factored into this Asset Management Risk Score is the impact if the asset fails before being replace. Under this scoring system, the cost of failure for a busy street is higher than that of a less-traveled side street.

Green:  Excellent
Yellow:  Good/Fair
Red: Failed/Critical