Broad Street

Franklin Street

Main Street

17th

Stre

et

Boulevard Ballpark Shockoe Ballpark

(+ Shockoe) (+ Boulevard)

ANNUAL NET NEW TAXES $5.1M to $6.1M $10.5M to $12.1M

NET NEW TAXES (20 YEARS) $74.8M to $91.7M $160.6 M to 187.8M

Shockoe alternative generates twice as much net new tax revenue.

FINANCIAL ANALYSIS

Stand-Alone

Shockoe Ballpark Development

LOW HIGH

ANNUAL NEW TAXES $3,874,778 $4,151,708

BALLPARK DEBT SERVICE $4,062,976 $4,062,976

DIFFERENCE ($ 188,198) $ 88,732

Essentially Break-Even

Ballpark Related New Development Pays Enough Taxes to Pay For The Ballpark

FINANCIAL ANALYSIS

COST COMPARISON

Shockoe Boulevard

Ballpark $40,000,000 $40,000,000Ballpark A&E and FF&E 8,250,000 8,250,000Land 4,400,000 Infrastructure 13,770,000 3,100,000Demolition 1,000,000 1,000,000Parking 5,000,000Slave Heritage Site 5,000,000 Relocation of Bldgs. (net of land) 2,450,000 6,800,000Contingency 4,755,000 4,005,000

TOTAL $79,625,000 $68,155,000

FINANCIAL ANALYSIS

Boulevard: Concepts from Other Cities

Boulevard: Concepts from Other Cities