Page 10 - BoardPresentationMasterPlan 2016
P. 10
funding program summary
available implementation funding analysis
ISOM ADVISORS – Bond Scenario 2 $ 280,982,152
State Funding
• Modernization $ 11,680,260
• New Construction $ 20,301,476
$ 31,981,736 x 50% = $ 15,990,868
Existing Funding $ 73,471,206
(HVAC over 15 years old)
Future Developer Fees $ 46,426,887
Redevelopment Tax Increment $ 160,998
TOTAL FUNDING AVAILABLE $ 417,032,111
$ 417,032,111 x 0.67 =
AVAILABLE FOR PROJECTS $ 279,411,514
(2016 $)
Note: 2/3 of the program budget allocated to projects in (2016$). Remaining 1/3 to be used as a cost
allowance to cover escalation to mid-point of construction, interim housing costs, offsite issues and as an
overall program contingency.
LPA 10
