Lot 5 Development in Context

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Lot 5 Development in Context

• Finances in context.
• Proposed RAM Development design placed within
  existing downtown.

2
How much?

• 7.3 million COPs cash at 5
• 4-5M property value (Sally, 3.5M)
• ??? sales tax lost during building
• 750K parking revenue loss
• ??? added cost of borrowing
• 500K/yr property tax delay
• 10-20 miss on parking or 8.6M
• Where does 1.4M come from?
• 15 Million investment
• Where is the fixed risk?

3
Benefits worth Risks?

• Imagine another RAM financial understatement-that
  three years hence these units are 20 above
  todays stated prices
• Whos buying?
• 336,000 for 850 sq. ft or 395, up from 330
  sq./ft.
• 576,000 for 1500 sq. ft. or 384, up from 320
  sq./ft.
• 1,032,000 for 2500 sq./ft. or 412,up from 344
  sq./ft.

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