1 / 3

Location – Location - Location

Location – Location - Location. Central Business District – proximity to other government agencies, public transportation (Lynx, Sunrail ), parking garages, centrally located Create a campus-style Government Complex

donkor
Download Presentation

Location – Location - Location

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Location – Location - Location • Central Business District – proximity to other government agencies, public transportation (Lynx, Sunrail), parking garages, centrally located • Create a campus-style Government Complex • Existing County network loop to interconnect our agencies versus laying new fiber • Overall a better location than elsewhere

  2. Build vs. Buy BUILD BUY 30-year-old building and converting it to Class A office space Inadequate parking within reasonable walking distance Need more lead time and due diligence to plan the move Ad-valorem at $6 million, will cost about $12 million – and you can build NEW for $12 million • Highest and best use of County-owned vacant land • Proven track record of Construction by the County (example Utilities Building) • Will provide ample time for planning the move • Overall creates greater value for the County

  3. Fiscal Responsibility • More due diligence before paying top dollar for a 30-year-old building (comparable sales analysis, appraisal) • New construction on County-owned land for $200/sqft. Versus approx. $150/sqft. for 30 year old building (after refurbishments) • Where is the project plan?

More Related