A deal with the village allows Roeser to recoup a portion of his redevelopment costs
through tax increment financing dollars.
The higher property tax capacity, once the new building is built, and the $314,000 recovered, will go toward paying city services and future redevelopment costs
. The agreement also states that the project is to create 13 new jobs with wage goals of $13.01/hr.
The project has been earmarked for review by BCCI which is supposed to pay half of the BD6 million redevelopment costs
In addition, Terreno Realty Corporation had three buildings under redevelopment that upon completion will contain approximately 377,000 square feet with a total expected investment of $98.5 million, including redevelopment costs
of approximately $22.3 million.
The company intends to use any net proceeds from this offering for general corporate purposes, including, without limitation, the funding of future acquisitions, the funding of redevelopment costs
, working capital and the reduction, from time to time, of outstanding indebtedness, including borrowings under the company's revolving credit facility.
Ayre, who will leave Anfield at the end of this season, said: " A stand behind a goal doesn't have the benefit of hospitality that would go a long way to meet the redevelopment costs
Starwood provided a roughly $90 million acquisition loan and secured another $71 million for redevelopment costs
. The transaction, which closed for north of $300 psf, is one of the bigger investment sales deals in Brooklyn.
The port budgeted $24.7 million for environmental cleanup and redevelopment costs
Randgold estimates that redevelopment costs
will be less than $1 billion.
He explained: "It demonstrates how the council can save PS32m on top of the PS45m redevelopment costs
PS300m for Wynyard, against North Tees redevelopment costs
of PS50m, suggests only one realistic option.
can quickly spiral out of control.