Laserfiche WebLink
Preliminary Financial Analysis -Current Tax Law <br /> Concept Land Sales Proceeds Tax Increment Gap <br /> ■ Residential/Retail $6 million $22 million $5 million <br /> Corporate Campus $5.2 million $25.3 million $2.5 million <br /> ■ Preliminary Financial Analysis -2001 Tax Law <br /> Concept Estimated Land Sales Estimated Tax Gap <br /> Proceed Increment <br /> Residential/Retail $8.5 million $12 million $ 12.5 million <br /> Corporate Campus $6.3 million $15 million $11.7 million <br /> . Land assembly cost may be reduced by phasing developments to permit relocation of <br /> existing businesses. Additionally several developer have indicated that there may be <br /> . ways to reduce the estimated cost of demolition ($6 million)for the Apache Mall. <br /> The changes in the tax law increase the need to begin discussions with U.S. Bank re- <br /> garding Apache Center land cost and development options prior to soliciting proposals. <br /> Reviewing the development framework and timetable with U.S. Bank will provide an op- <br /> portunity to assess the options for determining land value. Ehlers has not engaged in any <br /> discussions with U.S. Bank since the inception of the study. <br /> Northwest Quadrant Redevelopment Plan St. Anthony Village Page 6.5 <br /> ;e <br />