> <<Example: go to www pnn.org (Whats New) and view Collaborative Village
at
> <<Elliot/Franklin, 2 Storefronts with 20 Apartments adjacent and above.
> <<Cost $5,500,000 divided by 22 units equals a cost of $250,000 a unit.
> <<I hope this will get someone's attention.
It has a lot of people's attention, but it's not accurate or useful to
compare an unidentified private market rate apartment construction cost
with a specific nonprofit family supportive housing construction project.
Financing issues are different, with major issues being how the
developer's fee or management fees are factored in (in many private
investments, there is a management fee built in, to take affect after the
construction, so the upfront cost appears less), and, in this case of CVI,
there is the cost of services that would go in with the project, increasing
the "per-unit" cost overall, plus there are 4-5 bedroom units being built
in this 20 unit project. So, while I don't have numbers in this case, I
challenge folks to get real numbers that compare, then let's have a
discussion about fairness or alleged bad government spending (and, while
we're at it, let's get the County numbers on sheltering a family of five in
a homeless shelter--a cost that would be saved by providing housing).
<<<Mel's reply to the above
<<<Example:
<<<Cost per square foot
<<<25,300 square feet of apartments Plus or minus 2,000 sq.ft. per store.
<<<This equates to $187.71 cost per sq. ft.
<<<How about considering putting this out to bid???
Mel Gregerson CAPS CAM CAMT CRM CRMT
Affordable Housing Provider
South Mpls.
_______________________________________
Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy
Post messages to: [EMAIL PROTECTED]
Subscribe, Unsubscribe, Digest option, and more:
http://e-democracy.org/mpls
