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Were going to bring safety back to our streets. Were going to bring success back to our schools. Were going to bring prosperity back to every neighbourhood in every borough of the greatest city in our land. Were going to reduce taxes. Were going to bring businesses and big taxpayers back to new york. A recent poll suggests that trump is beating biden in five battleground states in part due to black and latino voters drifting away from the democratic party. Young voters and non white voters appear to be losing faith in mr biden and the democrats as they grow frustrated with issues like inflation and the white houses support for israel. During President Biden s recent Commencement Address at morehouse university, a historically black college, several graduates turned their backs on the president during the ceremony in protest of his handling of the war in gaza. Lets get more on this from the panel. Kurt, those scenes at morehouse and that Commencement Speech were quite surprising. Did th
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