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City of New Brighton
<br /> New Brighton Exchange Summary
<br /> Minimum Development Scenario
<br /> Finished Market Estimated Total
<br /> Development Block SF/Units Year Built Value TIF Comments
<br /> Completed:
<br /> DSI(Transoma) Block C 118,988 2008 $ 9,127,900 $ 4,933,788
<br /> The View at Long Lake Block H 124 2011 13,000,000 3,516,539
<br /> APi Group Headquarters Block J - 224,800 16,694 Parking Lot
<br /> Block K 52,372 2008 5,722,200 2,354,429
<br /> $ 28,074,900 $ 10,821,450
<br /> Pending:
<br /> APi Group Headquarters Block G 75,000 2014-2018 $ 8,625,000 $ 2,746,437
<br /> Pulte Homes Block I 121 2013-2015 34,444,565 6,924,596
<br /> $ 43,069,565 $ 9,671,033
<br /> TOTAL COMPLETED AND PENDING DEVELOPMENT $ 71,144,465 $ 20,492,483
<br /> Est.Fund 460
<br /> Additional Minimum Development Needed:(1) Cash Balance
<br /> East Side Block A 48,000 2019 S 6,000,000 S 1,848,299
<br /> East Side Block B 96,000 2020 12,000,000 3,468,983
<br /> East Side Block D 50,400 2017 6,300,000 2,191,785
<br /> East Side Block E 36,000 2017 4,500,000 1,561,811
<br /> East Side Block F 80,000 2020 10,000,000 2,889,007
<br /> 310,400 $ 38,800,000 $ 11,959,886
<br /> TOTAL NEW BRIGHTON EXCHANGE $ 109,944,465 $ 32,452,370 $ 4,605,402
<br /> (1)-Alternative Minimum Development(Finished Market Value and Total Estimated TIF). Additional variables to the above parameters may include:
<br /> Variables:
<br /> Increase Density to Block A 183,500 2019 $ 22,937,500 7,098,710
<br /> Eliminate Development Block B - - - Surface parking
<br /> Increase Density to Block D 63,000 2017 7,875,000 2,743,016
<br /> Eliminate Development Block E - - - Surface parkiing
<br /> Increase Density to Block F 130,000 2020 16,250,000 4,701,433
<br /> 376,500 $ 47,062,500 $ 14,543,159
<br /> Estimated Increase/(Decrease)to Minimum Development Scenario $ 8,262,500 $ 2,583,273 $ 2,109,218
<br /> 10/17/2013 e, E H LE RS
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