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CRA Redevelopment Construction Jobs Calculator - California

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CRA Redevelopment Construction Jobs Calculator - California Powered By Docstoc
					          Change in New, Rehabilitation, and Total Construction Activity



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 $1                                                                    New Construction
                                                                       Rehabilitation
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Residential, Industrial/Commercial/Utility, and Public Infrastructure Spending as a Percent of
                                Total Construction Activity




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                                 0%




                                                                              Residential
                                                                               Industrial/Commercial/Utility
                                                                               Public Infrastructure
                                      Construction
Construction Type                     Expenditures     Construction Type
Total New Construction                            $0   Residential
Residential                                       $0   Industrial/ Commercial/ Utility
Industrial/ Commercial/ Utility                   $0   Public Infrastructure and Buildings
Public Infrastructure and Buildings               $0   Total

Total Structure Rehabilitation                   $0
Residential                                      $0
Industrial/ Commercial/ Utility                  $0
Public Infrastructure and Buildings              $0

Total Construction Spending                      $0
Construction Percent of
Expenditures      Total
          $0 #DIV/0!
          $0 #DIV/0!
          $0 #DIV/0!
          $0 #DIV/0!
                                                                                                                                      State and Local
                                                                                          Income per                                  Revenues per
                                                                                          $1,000,000 of       Employment per          $1,000,000 of
                              Total Project            IMPLAN Output per $1,000,000 of    Construction        $1,000,000 of           Construction
Project Categories            Construction Cost        Sector Construction Spending       Spending            Construction Spending   Spending          Total Output
New Construction within
Project Areas
New Manufacturing and
Industrial                                                  37               $1,835,516          $1,078,521            14.8                   $93,246                  $0
New Commercial                                              38               $1,896,270          $1,086,166            14.6                   $97,073                  $0
New Utility Construction                                    41               $1,916,087          $1,116,824            15.0                   $95,389                  $0
Total Commercial
Industrial and Utility                            $0
Residential:Low and
Moderate Income                                   $0
New Single-Family                                           33
New Multi-Family                                            34
Residential:Unrestricted                          $0
New Single-Family                                           33
New Multi-Family                                            34
Total New Single- Family
Residential                                       $0        33               $1,877,359            $918,207            12.3                   $91,749                  $0
Total New Multi-Family
Residential                                       $0        34               $1,815,623          $1,005,196            13.1                   $80,806                  $0
Total Residential                                 $0
Public Infrastructure                             $0
New Streets & Bridges                                       39               $1,848,838          $1,013,402            12.7                   $88,540                  $0
New Public Buildings                                        38               $1,896,270          $1,086,166            14.6                   $97,073                  $0
New Water and Sewer                                         40               $1,825,857            $978,547            12.5                   $87,319                  $0
Other                                                       41               $1,916,087          $1,116,824            15.0                   $95,389                  $0
Rehabilitation Construction
Spending within Project
Areas
Industrial and Commercial                                   43               $1,922,675            $991,820            13.6                   $97,561                  $0
Residential:Low and
Moderate Income                                             35
Residential:Unrestricted                                    35
Total Residential Rehab                           $0        35               $1,710,058            $845,605            9.8                    $88,456                  $0
Total Rehab                                       $0
Public Infrastructure                             $0
Street Improvements                                         44               $1,951,918          $1,122,506            15.6                   $98,989                  $0
Public Buildings                                            43               $1,922,675           $991,820             13.6                   $97,561                  $0
Other                                                       45               $1,972,594          $1,245,748            18.6                  $107,631                  $0
Agency-Financed New
Construction Outside of
the Project Areas
Residential:Low and
Moderate Income                                      $0
New Single-Family                                             33                 $1,877,359           $918,207              12.3                 $91,749              $0
New Multi-Family                                              34                 $1,815,623          $1,005,196             13.1                 $80,806              $0
Public Infrastructure                                $0
New Streets                                                   39                 $1,848,838          $1,013,402             12.7                 $88,540              $0
New Public Buildings                                          38                 $1,896,270          $1,086,166             14.6                 $97,073              $0
New Water and Sewer                                           40                 $1,825,857            $978,547             12.5                 $87,319              $0
Other                                                         41                 $1,916,087          $1,116,824             15.0                 $95,389              $0
Agency-Financed
Rehabilitation Construction
Outside of the Project
Areas
Residential:Low and
Moderate Income                                               35                 $1,710,058           $845,605              9.8                  $88,456              $0
Public Infrastructure                                $0
Street Improvements                                           44                 $2,061,790           $967,649              17.8                  $96,991             $0
Public Buildings                                              43                 $1,922,675           $991,820              13.6                  $97,561             $0
All Other                                                     45                 $1,972,594          $1,245,748             18.6                 $107,631             $0
Total Expenditures                                   $0                                                                                  Total Impacts                $0

                              Total Impacts
                                                                                                                  State and Local
                              Output                               Income                      Employment         Revenues
Total Impacts                                        $0                                   $0                 0                      $0                  Agency Cost per Job
Agency Cost                                                                                                                                                  #DIV/0!
Impact per $1,000,000 of
Agency Cost                            #DIV/0!                              #DIV/0!                #DIV/0!                #DIV/0!

Agency cost categories are listed in the "construction cost" and "other agency costs"
tabs. It is not necessary to itemize the amounts by category since cell B51 just requires an
entry for the total.
                                     Total State
                    Total            and Local
Total Income        Employment       Taxes



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ency Cost per Job
1   Enter the total cost of the project, including any private money, in the cell best describing the type of construction (do
2   Enter the agency cost of the project in the yellow box on line 51
3   The model will calculate the total statewide impact on output (business revenues), income, employment, and state a
4   Statewide impacts on output, income, employment, and state and local tax revenues per million dollars of agency sp
5   Cell H51 calculates the agency cost per job created or saved
e type of construction (do not use the shaded cells)

employment, and state and local tax revenues (Row 50)
llion dollars of agency spending are calculated in the cells on row 52
BREAKOUT OF CONSTRUCTION COST BY CATEGORY
ECONOMIC IMPACT MODEL
CALIFORNIA REDEVELOPMENT ASSOCIATION

Prepared by: Keyser Marston Associates, Inc. and reviewed by Time Structures, Inc.

Total construction cost Includes expenditures in the following categories. These expenditures
should be included when determining total construction cost whether paid by the
agency or the private developer.

Administrative Costs
Developer Overhead / Developer Fee
Contingency

Professional Services
Legal and Accounting
Marketing
Construction Management

Planning, Survey, and Design
Architecture and Design
Supervision
Survey and Engineering
Environmental
Geotechnical
Permits and Fees
LEED Certification

Site Clearance Costs
Demolition
Ground Remediation

Project Improvement / Construction Costs
Site Work
Landscaping
Building Construction
Parking
Amenities
Tenant Improvements
Solar Improvements / LEED Finishes

Disposal Costs
Transport and Disposal Fees from Site Excavation and/or Remediation

Rehabilitation Costs
Building Rehabilitation

Acquisition Expense
Appraisal
Escrow and Title
Broker Fees
Title and Recording

Relocation Costs / Payments
Tenant / Business Relocation



Fixed Asset Acquisitions
Furniture, Fixtures, and Equipment

Debt Issuance Costs
Market Study
Appraisal
Loan Fees - Construction Financing
Loan Fees - Permanent Financing
Lender Expenses / Issuance Costs
Interest during Construction
TCAC/Syndication Fees


Other
Taxes and Insurance
OTHER AGENCY EXPENDITURES NOT A PART OF CONSTRUCTION COST

Prepared by: Keyser Marston Associates, Inc. and reviewed by Time Structures, Inc.

Agency cost for a project is defined as the agency’s share of the expenditures listed under
construction costs plus any expenditure, not included in construction costs, but in the following
categories. The categories listed below are not included in total construction cost.


Real Estate Purchase
Land Acquisition
Building Acquisition (existing improvements)

Operation of Acquired Property less Rent Received
Income and Expenses during Predevelopment
Income and Expenses during Construction

Loss on Disposition of Land Held for Resale less Gain on Resale (Project Property Only)

Subsidies to Low and Moderate Income Housing

All Project Associated Debt Costs Assumed by Agency (Project Interest) less Reimbursement (rent, lease payments, fe
Exclude any Payments that are applied to Other Cost Categories: Avoids Double-Counting
Exclude any Payments that are reimbursed by Private Entities: Developers or Lessees
ent, lease payments, fees, etc)

				
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posted:10/6/2011
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