Professional Documents
Culture Documents
GroundRent $(107,264)
Excess $38,827
ProjectedCommunityBenefit ASSUMPTIONS
HeadHouseOfficeRent $392,736 DifferencebetweenMarketRentand$6psf
Pool $525,000 DiscountedLessons,OpenLapTime,Groupclasses.50/50split,CommunityBenefit/Market.
Basketball $337,500 50/50split,CommunityBenefit(@$25perhour)/Market(@$75perhour)
MultisportCourt $337,500 50/50split,CommunityBenefit(@$25perhour)/Market(@$75perhour)
Auditorium $112,500 50/50split,CommunityBenefit(@$50perhour)/Market(@$100perhour)
Memberships $30,000 Assumes500memberships@$5/month
TotalCommunityBenefit $1,735,236
RequiredCommunityBenefit $(1,500,000)
Excess $127,972