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Block SF / Units Year BuiltFinished Market Value Estimated Total TIF CommentsExisting DashboardAPi Group Headquarters Block G 75,000 2015 - 2018 7,743,000$ 2,572,189$ South lot completeScenario A: Extend Contract to 2020APi Group Headquarters Block G 75,000 2015 - 2020 7,743,000$ 2,452,757$ Extend ContractDifference from Existing Dashboard -$ (119,432)$ Scenario B: Construct 14 Pulte TownhomesAPi Group Headquarters Block G Mixed 2015 - 2017 7,655,140$ 2,139,311$ Market Rate TownhomesDifference from Existing Dashboard (87,860)$ (432,878)$ Scenario C1: Construct 70 Unit Apartment Building @ $120,000/unitAPi Group Headquarters Block G Mixed 2015 - 2017 13,143,000$ 2,011,628$ 4(d) Affordable HousingLess: TIF paid to developer on North Lot Only (365,040)$ Assumes 100% subsidyDifference from Existing Dashboard 5,400,000$ (925,601)$ Scenario C2: Construct 70 Unit Apartment Building @ $120,000/unitAPi Group Headquarters Block G Mixed 2015 - 2017 13,143,000$ 3,423,143$ Market Rate HousingLess: TIF paid to developer on North Lot Only (888,277)$ Assumes 50% subsidyDifference from Existing Dashboard 5,400,000$ (37,323)$ Scenario C3: Construct 70 Unit Apartment Building @ $140,000/unitAPi Group Headquarters Block G Mixed 2015 - 2017 14,543,000$ 2,070,847$ 4(d) Affordable HousingLess: TIF paid to developer on North Lot Only (424,258)$ Assumes 100% subsidyDifference from Existing Dashboard 6,800,000$ (925,600)$ Scenario C4: Construct 70 Unit Apartment Building @ $140,000/unitAPi Group Headquarters Block G Mixed 2015 - 2017 14,543,000$ 3,719,236$ Market Rate HousingLess: TIF paid to developer on North Lot Only (1,036,324)$ Assumes 50% subsidyDifference from Existing Dashboard 6,800,000$ 110,723$ Scenario C5: Construct 70 Unit Apartment Building @ $160,000/unitAPi Group Headquarters Block G Mixed 2015 - 2017 15,943,000$ 4,015,328$ Market Rate HousingLess: TIF paid to developer on North Lot Only (1,184,370)$ Assumes 50% subsidyDifference from Existing Dashboard 8,200,000$ 258,769$ City of New BrightonNew Brighton Exchange SummaryMinimum Development ScenarioDevelopmentBlock G Scenarios10/4/2016
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