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11 & 12 - Tax Increment Financing Reinvestment Zone Number One - Bylaws, Final Project Plan and Financing Plan
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02 - FEBRUARY
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February 24
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11 & 12 - Tax Increment Financing Reinvestment Zone Number One - Bylaws, Final Project Plan and Financing Plan
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CITY OF PARIS <br />TIRZ No. 1 <br />DEVELOPMENT SCHEDULE <br />NW INDUSTRIAL PARK <br />Remainder of developable property:. <br />• Site: 127 acres industrial <br />• Site coverage: 10% <br />• Building area: 553 KSF <br />• Building value / SF: $100 <br />• Building value: $55 million <br />• Buildout: 5 projects of $11 million every 5 years beginning in 2025 <br />• Site: 50 acres residential <br />• Site coverage: 4 units / acre <br />• Number of units: 200 <br />• Unit value: $160K <br />• Development value: $32 million <br />• Buildout: 4 projects of 50 units @ $8.0 million every 3 years beginning in 2030 <br />• Site: 10 acres commercial <br />• Site coverage: 10% <br />• Building area: 43.6 KSF <br />• Building value / SF: $100 <br />• Building value: $4 million <br />• Buildout: $4 million in 2035 <br />
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