* 377-space structure
Construction cost: $5.182 million
Funding sources: bonds, $3.029 million; Renaissance grant, $442,000; federal grant, $1.710 million
Bond debt service (included in expenses): 30 years
Net income over 10 years: from $189,000 in first year to $230,000 in 10th year
Net expenses over 10 years: from $252,000 in first year to $258,000 in 10th year
Net cash flow over 10 years: -$401,000 (average annual loss, -$40,000)
Parking breakdown (with proposed tenants in parentheses): Gilcher (ambulatory surgery center), 200 spaces; Hub building (Haisfield commercial development), 35; Farmers National Bank, 35; downtown study, 27; 80, general public.
* 290-space structure
Construction cost: $4.462 million
Funding sources: bonds, $2.309 million; Renaissance grant, $442,000; federal grant, $1.710 million
Bond debt service (included in expenses): 20 years
Net income over 10 years: from $172,000 in first year to $212,000 in 10th year
Net expenses over 10 years: from $234,000 in first year to $241,000 in 10th year
Net cash flow over 10 years: -$406,000 (average annual loss, -$40,000)
Parking breakdown (with proposed tenants in parentheses): Gilcher (ambulatory surgery center), 200 spaces; Hub building (Haisfield commercial development), 35; Farmers National Bank, 35; downtown study, 0; 20, general public.
* 290-space structure
Construction cost: $4.462 million
Funding sources: bonds, $2.309 million; Renaissance grant, $442,000; federal grant, $1.710 million
Bond debt service (included in expenses): 30 years
Net income over 10 years: from $172,000 in first year to $212,000 in 10th year
Net expenses over 10 years: from $204,000 in first year to $209,000 in 10th year
Net cash flow over 10 years: -$86,000 (average annual loss, -$8,600)
Parking breakdown (with proposed tenants in parentheses): Gilcher (ambulatory surgery center), 200 spaces; Hub building (Haisfield commercial development), 35; Farmers National Bank, 35; downtown study, 0; 20, general public.
* 377-space structure
Construction cost: $5.182 million
Funding sources: bonds, $2.629 million; Third Street funds, $400,000; Renaissance grant, $442,000; federal grant, $1.710 million
Bond debt service (included in expenses): 20 years
Net income over 10 years: from $189,000 in first year to $230,000 in 10th year
Net expenses over 10 years: from $261,000 in first year to $268,000 in 10th year
Net cash flow over 10 years: -$494,000 (average annual loss, -$49,000)
Parking breakdown (with proposed tenants in parentheses): Gilcher (ambulatory surgery center), 200 spaces; Hub building (Haisfield commercial development), 35; Farmers National Bank, 35; downtown study, 27; 80, general public.
* 377-space structure
Construction cost: $5.182 million
Funding sources: bonds, $2.629 million; Third Street funds, $400,000; Renaissance grant, $442,000; federal grant, $1.710 million
Bond debt service (included in expenses): 30 years
Net income over 10 years: from $189,000 in first year to $230,000 in 10th year
Net expenses over 10 years: from $226,000 in first year to $234,000 in 10th year
Net cash flow over 10 years: -$134,000 (average annual loss, -$13,000)
Parking breakdown (with proposed tenants in parentheses): Gilcher (ambulatory surgery center), 200 spaces; Hub building (Haisfield commercial development), 35; Farmers National Bank, 35; downtown study, 27; 80, general public.
* 290-space structure
Construction cost: $4.462 million
Funding sources: bonds, $1.909; Third Street funds, $400,000; Renaissance grant, $442,000; federal grant, $1.710 million
Bond debt service (included in expenses): 20 years
Net income over 10 years: from $172,000 in first year to $212,000 in 10th year
Net expenses over 10 years: from $198,000 in first year to $211,000 in 10th year
Net cash flow over 10 years: -$75,000 (average annual loss, -$7,500)
Parking breakdown (with proposed tenants in parentheses): Gilcher (ambulatory surgery center), 200 spaces; Hub building (Haisfield commercial development), 35; Farmers National Bank, 35; downtown study, 0; 20, general public.
* 290-space structure
Construction cost: $4.462 million
