Key Contributors to Costs
• Very high or low capital costs in proportion to O&M costs
• High O&M costs that relate more to revenue than original construction
High capital and O&M costs
•
Notes
• Costs are in 2024 US dollars from a Hargreaves Jones database of 16 projects and exclude GDOT highway infrastructure, City ROW, and public art • This measure is a check to balance O&M costs and should not be used as the primary method to estimate O&M costs • If successful, non-profit run park’s expenses escalate in proportion to revenue exceeding common indexes Park Budget Recommendation
Figure K.32: Park Budget Recommendation
Notes
• Costs are in 2024 US dollars for the park
• Costs are based on the Master Plan for the purposes of inputting into a larger financial model for the park management entity • Costs exclude Construction and O&M costs for GDOT highway infrastructure & City ROWs, and public art
K-40
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