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South Athletic Complex Site <br /> City of Lino Lakes, Minnesota <br /> the property if developed according to a presumed development <br /> plan. All costs associated with such a development are <br /> estimated and deducted from the potential gross proceeds. <br /> Finally, the developer's profit is deducted, and the result is <br /> discounted to yield the indication of value for the raw, <br /> undeveloped land. The Subdivision Development Approach is <br /> applied to the subject site below. <br /> Page 20 <br />