HomeMy WebLinkAbout02-12-09 IV c. Industrial Park Cost Benefit
Hastings Industrial Park Analysis
February 12, 2009
EXPENSES
LAND
1971 Land Purchase - 230 Acres190,900.00$
1975 Land Purchase - 109 Acres92,670.00$
1986 Land Purchase - 74 Acres105,815.00$
TOTAL LAND 389,385.00$
Cost per Acre942.82$
MAJOR IMPROVEMENTS
2006-3 - Industrial Park No. 7298,937.00$
2003-7 - Spiral & 31st Street765,469.00$
1997-6 - Enterprise, Spiral, & 31st716,630.00$
1993-1 - Commerce Drive & Court241,991.00$
1985-1 - 31st Street22,360.00$
1980-9 - Industrial Court-Millard63,953.00$
1972 - Spiral, 31st, Millard375,123.00$
TOTAL MAJOR IMPROVEMENTS2,484,463.00$
LAND SUBSIDIES
TOTAL COSTS
INCOME
LAND SALE INCOME
TOTAL IMPROVED VALUE24,944,600.00$
JOBS CREATED