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Rice Street Crossings Update April 24, 2002 <br />Site Assembly <br />*Site assembly is key action <br />O Acquire property and reconfigure smaller <br />parcels in larger development sites. <br />® Relocation of existing businesses. <br />® Demolish and remove existing buildings. <br />• Correct any environmental contamination <br />of the site. <br />Site Assembly <br />*Land sale revenue difficult to <br />predict <br />*Only one variable in overall <br />redevelopment finance package <br />• Set at level needed to induce <br />desired development <br />(c) Hoisington Hoegler Group Inc. 12 <br />