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CITY OF PARIS <br />TIRZ No. 1 <br />DEVELOPMENT SCHEDULE <br />HISTORIC DOWNTOWN <br />• Site: 32 acres (infill lots) residential <br />• Site coverage: 4 units / acre <br />• Number of units: 128 <br />• Unit value: $175 K <br />• Development value: 8 projects of 16 units @ $2.8 million every 5 years beginning in <br />2025 <br />• Site: 32 acres (city lot plus other) multi -family <br />• Site coverage: 8 units / acre <br />• Number of units: 256 <br />• Unit value: $100 K <br />• Development value: $25.6 million <br />• Buildout: 4 projects of 64 units @ $6.4 million every 4 years beginning in 2030 <br />• Site: Redevelopment of vacant and dilapidated building stock <br />• Buildout: $4 million every 5 years beginning in 2025 <br />