Up with what is the percentage decline in the rent. Once we have the percentage decline in the rent, we multiply that to the total rent value, what we estimate, given the data, vendor which we used there to look at all the parcels around the city. And figure out what is the total what was the assumed per Square Footage for Residential Office retail and p. D. R. . I believe about, total citywide was i believe 107 million, office space not how many square foot, what did you value it per square foot for rent. Yeah, rent is, i believe, if my memory serves me right, about 67, 63 to 64 for the office space per square feet, and if i believe its for retail, about 30. And for p. D. R. , around 10. So, i can get you those numbers exact, thats the range we are talking about. And what was the assumed value for the market rate residential . Market rate, using an average of these based on the 700, average 749 square foot area, 800,000 per unit market unit. 800,000 rent, total across the city and the
20 . Under this d. D. A. , its 18 . But the developer does get more participation in project revenues and that is on page 19 of the report. In terms of sort of the project financing, Public Financing for the horizontal infrastructure, the developer under the d. D. A. Will construct the infrastructure. Funding sources are shown on page 14 of our report. The sources and uses are estimated to be about 700 million, thats in current dollar value. The developers and the project source, project revenue financing this project have shown the table on page 14. The Developers Equity contribution is estimated to be about 190 million. They have already contributed about 27 million of that towards entitlement costs. With their return, we estimate that the return to developer and the payment to developer will be around 268 million in current dollars. Under the d. D. A. , the developer is paid back from project revenues, prepaid ground leases, rents, financing from the financing district, they say the
The outcomes of our children. The Graduation Rate and the dropout rates. We were not able to make as deep of an impact as we are now because we have the center. And i just wanted to give some testimony to your comment or question, my son, marciano, who is in the audience, and he often gets the calendar of the month, places it on the refrigerator and thats his goto spot. What is going on today . Im there. Yesterday as we were sitting there in the center, we were talking about what the late mayor ed lee and how he supported us and just because he has that center, he knew what he had to do. He needed to burn some medicine for that late mayor. If we didnt have that center, where would he do it . Where would he go . Who would he be part of . Its critical as developing him. Without it, where we would be . I would like it say quickly what it brought my son. One would say leadership. He is the student representative and has been for over a year. He was honestly on like five boards. So hes beco
The developers and the project source, project revenue financing this project have shown the table on page 14. The Developers Equity contribution is estimated to be about 190 million. They have already contributed about 27 million of that towards entitlement costs. With their return, we estimate that the return to developer and the payment to developer will be around 268 million in current dollars. Under the d. D. A. , the developer is paid back from project revenues, prepaid ground leases, rents, financing from the financing district, they say they cannot compel the general fund or the port fund to repay their costs. In sort of summary of this project, same we said when we looked at the pier 70 project, this is complex, the financing is complex. If project revenues do not come in in the amount or the frequency that they are expected, it will cause delays in the project, that would be the major risk to the project. We recommend amending the resolution that approves the d. D. A. To requ
So. In terms of the space allowing the program to expand, four years ago there was no space. Four years ago, we were being asked to make a difference in the outcomes of our children. The Graduation Rate and the dropout rates. We were not able to make as deep of an impact as we are now because we have the center. And i just wanted to give some testimony to your comment or question, my son, marciano, who is in the audience, and he often gets the calendar of the month, places it on the refrigerator and thats his goto spot. What is going on today . Im there. Yesterday as we were sitting there in the center, we were talking about what the late mayor ed lee and how he supported us and just because he has that center, he knew what he had to do. He needed to burn some medicine for that late mayor. If we didnt have that center, where would he do it . Where would he go . Who would he be part of . Its critical as developing him. Without it, where we would be . I would like it say quickly what it