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<br />DEVELOPMENT ASSUMPTIONS (ORIGINAL) TABLE 1
<br />Phase 1 (Years 0 -4)
<br />Projected
<br />residential Net New
<br />Name Property Use units Square Feet Value PSF Projected Value Development
<br />Quality Inn Hotel
<br />200,000 $
<br />175 $
<br />35,000,000
<br />50,000 Sq Ft
<br />The Park Residences 775
<br />680,000
<br />150
<br />102,000,000
<br />577
<br />The Park (comm site) Commercial
<br />1,200,000 225
<br />Total
<br />3,000,000
<br />100%
<br />Former Theater Residences 225
<br />240,000
<br />150
<br />36,000,000
<br />225
<br />Former Theater Retail
<br />10,000
<br />100
<br />1,000,000
<br />100%
<br />Ram's Plaza /CVS Retail
<br />13,000
<br />100
<br />1,300,000
<br />100%
<br />Total
<br />1,143,000
<br />100,000
<br />$178,300,000
<br />15,000,000
<br />Less: Existing Value
<br />Volvo Dealership
<br />Retail
<br />- $14,732,000
<br />125
<br />Net New Value (Year4)
<br />0%
<br />Total
<br />$163,568,000
<br />870,000
<br />$99,500,000
<br />Less: Existing Value
<br />Phase 2 (Years 4 -10)
<br />Projected
<br />residential
<br />Name Property Use units
<br />Net New
<br />uare Feet Value PSF Projected Value Development
<br />University Inn Hotel
<br />100,000 $
<br />175 $ 17,500,000 0%
<br />University Inn Retail
<br />13,000
<br />100 1,300,000 100%
<br />Regency Center Retail
<br />4,000
<br />100 400,000 0%
<br />DHIC Residences
<br />150 Special Rate
<br />1,200,000 225
<br />Total
<br />117,000
<br />$20,400,000
<br />Less: Existing Value
<br />30,000,000
<br />- $2,600,000
<br />Net New Value (Year 10)
<br />Retail
<br />$17,800,000
<br />Phase 3 (Years 10 -20)
<br />Projected
<br />residential Net New
<br />Name Property Use units Square Feet Value PSF Projected Value DevelopmE
<br />Eastgate
<br />Retail
<br />20,000 $
<br />100 $
<br />2,000,000
<br />100%
<br />Eastgate
<br />Office
<br />75,000
<br />150
<br />11,250,000
<br />100%
<br />Eastgate
<br />Residences 225
<br />200,000
<br />150
<br />30,000,000
<br />100%
<br />Eastgate
<br />Retail
<br />300,000
<br />100
<br />30,000,000
<br />100%
<br />Eastgate
<br />Office
<br />75,000
<br />150
<br />11,250,000
<br />100%
<br />Eastgate
<br />Residences 120
<br />100,000
<br />150
<br />15,000,000
<br />100%
<br />Volvo Dealership
<br />Retail
<br />100,000
<br />125
<br />12,500,000
<br />0%
<br />Total
<br />870,000
<br />$99,500,000
<br />Less: Existing Value
<br />- $15,897,000
<br />Net New Value (Year
<br />15)
<br />$83,603,000
<br />
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