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Rice Street Crossings Update <br />Funding Capacity <br />♦ Estimated total public costs - <br />$8,500,000 to $11,300,000 <br />*Estimated local funding capacity - <br />$9,000,000 to $13,000,000 <br />► Based on TIF and abatement <br />■ Estimated values from new <br />development <br />► 2002 tax laws <br />Developer Perspective <br />*Favorable reaction to overall <br />concept <br />■ No red flags <br />*Potential to undertake with <br />"master" developer <br />■ Particularly SW and NE quadrants <br />*Benefits to involving development <br />partner within next 12 months <br />April 24, 2002 <br />(c) Hoisington Hoegler Group Inc, 18 <br />