APPENDIX
PRO-FORMAS FOR PROPOSED SITE USES Recreation Facilities
Workforce Training Center Use Type
Commercial
Building Size (SF)
Development Size (SF)
Development Cost Structure Acquisition Cost (1)
$1.00
Construction cost
$4,900,000 Cost per SF (2)
Parking Cost per space
$140
78,229 Retention Basin
52,560
Groundfloor of Senior Housing Development
25,669
35,000
Development Cost Structure Acquisition Cost
$1
Basin Renovation Cost (total)
$72,000 Cost per SF (1)
$4.50
SF of retention wall to be demolished
16,000
N/A
Total Soft Costs
$1,715,000 Soft Costs(3)
Total Development Cost
35%
Sports Field Capital Costs (2)
$425,000 Site grading
$100,000
Stormwater management infrastructure
$300,000
$6,615,001
Suggested Development Financing LISC Construction Loan (4)
$2,646,000
Standard Bank Loan
$2,969,001
Equipment costs Total Soft Costs
$25,000 $173,950
Soft costs (3)
35%
Capital Development Grant (5)
$1,000,000
Total
$6,615,001
Landscape Costs
($500,000)
Total Development Cost
Annual Maintenance Costs (7)
($49,000)
Suggested Development Financing
Interest Payments @ 6% (4)
($158,760)
Stormwater Management Incentive Program Grant
$120,661
Total Operating Costs
($707,760)
US Soccer Foundation ‐ Field Installation (6)
$200,000
DCNR (7)
$300,000
$1,170,000 Cost per SF (4)
Annual Operating Costs Annual Training Costs (6)
Annual Revenue Adult Reintegration of Ex‐Offender Program (RExO)), annual allotment (8)
$13 $670,951
$430,769
Capital Development Grant (8)
$50,290
Program Grant (private funding) (9)
$276,991
Total Financing Allocation
$670,951
Total Revenue
$707,760
Annual Operating Costs
Net Operating Income
$1,415,520
Rental Costs
($51,338) Rent (Annual) (9)
$2
Field maintenance & operation (annual) (10)
($10,000)
Total Operating Costs
($61,338)
Annual Rental Revenue Amenity Usage Fee
$12,000
US Soccer Foundation ‐ Program Grant (6)
$50,000
Vendor Space Rental Fee
$5,000
Total Revenue
$67,000
Net Operating Income
$5,662
APPENDIX
97