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<br /> Elk River FAST Study -- IMPACT AREA ANALYSIS
<br /> Acreage Calculations
<br /> 3.16.2008
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<br />PreparedFoi~ The City of Elk River, Minnesota D RA F T
<br /> PreparedBy.• Hoisington Koegler Group Inc
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<br /> CITY IMPACT DEVELOPMENT YIELD DEVELOPMENT VALUE JOBS POPULATION
<br /> CODE ACRES (BUILDING SQUARE FOO Per SQ. FT. VALUE CREATED HOUSING UNITS GROWTH
<br /> TOD Low End High End
<br /> Li M Industrial LI 152 2,280,000 $171,000,000 5,700
<br /> Office BP 61 1,525,000 $213,500,000 6,100
<br /> Mixed Use MU 18 360,000 $54,000,000 360
<br /> Commercial HC 20 400,000 $60,000,000 400
<br /> High Density HD 72 based on 18 units/ace a $285,120,000 288 864 1,814 3,629
<br /> Medium Densi MD 47 based on 8 units/acre avg. $82,720,000 188 564 395 1,184
<br /> Park OS 10
<br /> TOTALS 380 4,565,000 $866,340,000 12,560 476 1,428 2,209 4,813
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<br /> Office Villa e
<br /> Light Industrial LI 110 1,650,000 $123,750,000 4,125
<br /> Office BP 60 6,000,000 $840,000,000 24,000
<br /> Mixed Use MU 25 500,000 $75,000,000 500
<br /> Commercial HC 64 1,280,000 $192,000,000 1,280
<br /> High Density HD 80 based on 18 units/acre a $316,800,000 320 960 2,016 4,032
<br /> Medium Density MD 30 based on 8 units/acre avg. $52,800,000 120 360 252 758
<br /> Park OS 11
<br /> TOTALS 380 9,430,000 $1,600,350,000 29,905 440 1,320 2,268 4,788
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<br /> Eco-Ener
<br /> Light Industrial LI 153 2,295,000 $172,125,000 5,738
<br /> Office BP 118 2,950,000 $413,000,000 11,800
<br /> Mixed Use MU 50 1,000,000 $150,000,000 1,000
<br /> Commercial HC 7 140,000 $21,000,000 140
<br /> High Density HD 16 based on 18 units/ace a $63,360,000 64 192 403. 806
<br /> Medium Densit MD 28 based on 8 units/acre avg. $49,280,000 112 336 235 706
<br /> Park OS 8
<br /> TOTALS 380 6,385,000 $868,765,000 18,678 176 528 638 1,512
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<br /> ASSUMPTIONS:
<br />YIELD - BuilUing Sq. Ft. i Land Use
<br /> A. 20,000 SQ. FT / AC Yield for Retail
<br /> B. 15,000 SQ. FT / AC Yield for Industrial
<br /> C. 25,000 SQ. FT / AC Yield for Office Showro om
<br /> D. 100,000 SQ. FT / AC Yield for Office (6 sto ry w/ structured parking)
<br /> DEVELOPMENT VALUE
<br /> E. $75 / S . Ft. for industrial
<br /> F. $100 / Sq. Ft. for Office Showroom
<br /> G. $150 / S . Ft. for Retail
<br /> H. $140 / S . Ft. for Office
<br /> I. $220,000 r unit
<br /> JOB CREATION
<br /> J. 4 Jobs / 1000 S . Ft. of Office S
<br /> K. 2.5 Jobs / 1000 S . Ft. of Industrial Space
<br /> L. 1 Job / 1000 Sq. Ft. of Commercial / Retail S ace
<br /> POPULATION GROWTH
<br /> M. 2.1 Residents /Household
<br /> N. 4-12 Units Per Acre for Medium Densi Housin
<br /> O. 12-24 Units Per Acre for High Densi Housin
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