COMMON SET OF ASSUMPTIONS REVENUE PARAMETERS (ALL IN 2024 DOLLARS) Annual escalation rate: 3 percent VALUE CAPTURE
SSD Assessment Rate: 0.005 Redevelopment timeline: o Near-term (2026-2032)
• •
Mid-term (2029-2038) Long-term (2035-2044)
o
o
• Park Premium effect (on Stitch-Impacted Properties): o Within 0.25 miles of the Stitch: 15 percent over existing property value o Between 0.25 and 0.5 miles from The Stitch: 7.5 percent over existing property value
OTHER THAN VALUE CAPTURE (ALL NUMBERS ARE CUMULATIVE)
Government o
•
Before Phase 1 opens: $0
o After Phase 1 opens, before Phase 2 opens: $100k/year o After Phase 2 opens, before Phase 3 opens: $100k/year o After Phase 3 opens: $100k/year
Earned income o
•
Before Phase 1 opens: $0
o After Phase 1 opens, before Phase 2 opens: $1.1M/year o After Phase 2 opens, before Phase 3 opens: $1.1M/year o After Phase 3 opens: $2.7M/year
Donations/PILOT 313 o Before Phase 1 opens: $100k/year based on Emory-owned properties*; $250k/year from other sources o After Phase 1 opens, before Phase 2 opens: $175k/year based on Emory- owned properties*; $500k/year other o After Phase 2 opens, before Phase 3 opens: $175k/year based on Emory- owned properties*; $500k/year other o After Phase 3 opens: $250k/year based on Emory-owned properties*; $750k/year other
•
313 Emory University is an exempt entity. Its properties in the SSD holds redevelopment potential (with $250k assessment revenue where they assessed at 0.005). The analysis treats new development on Emory-owned parcels as exempt from assessment, but attributes that value as an potential revenue source under the Donations/PILOT category, phased over time.
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