COST PARAMETERS (ALL IN 2024 DOLLARS) Annual escalation rate: 3 percent PARKS O&M (ALL NUMBERS ARE CUMULATIVE)
Before Phase 1 opens: $0
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● After Phase 1 opens, before Phase 2 opens: $5M/year ● After Phase 2 opens, before Phase 3 opens: $9M/year
After Phase 3 opens: $11M/year
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TUNNELS O&M (ALL NUMBERS ARE CUMULATIVE)
Before Phase 1 opens: $0
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● After Phase 1 opens, before Phase 2 opens: $4M/year ● After Phase 2 opens, before Phase 3 opens: $5M/year
After Phase 3 opens: $7M/year
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OTHER COMMUNITY BENEFITS (ALL NUMBERS ARE CUMULATIVE)
Before Phase 1 opens: $500k/year
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● After Phase 1 opens, before Phase 2 opens: $600k/year ● After Phase 2 opens, before Phase 3 opens: $600k/year
After Phase 3 opens: $1M/year
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THE STITCH 501C3 ORGANIZATION ADMINISTRATION (ALL NUMBERS ARE CUMULATIVE)
Before Phase 1 opens: $2.5M/year
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● After Phase 1 opens, before Phase 2 opens: $1.8M/year ● After Phase 2 opens, before Phase 3 opens: $1.8M/year
After Phase 3 opens: $1M/year
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● The cost decreases because the increasing program costs are included in Parks, Tunnels, and Community Benefit categories.
K-31
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