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Old Posted May 12, 2009, 7:21 PM
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Beltliner Beltliner is offline
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Join Date: Mar 2006
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^^^ Yeah, that's a fairly half-baked design as transit-adjacent carparks go.

If you were, on the other hand, to knock out a total of 68 stalls over the first two levels fronting the go-zone landscaped area fronting 17 Avenue and 69 Street SW and replace the space with commercial-retail unit bays, you could still reasonably assume a base construction cost of (984 base stalls x $50K/stall = ) $49.2-million, but...

...at annual amortisation of $3.15-million (30 years, 5% interest), for just the 984 stalls, you have to bring in a mean of $8.76 in P+R charges every stall, every day, whereas at 916 stalls plus CRUs, you're looking at a 7.5% premium on the daily take per stall (to wit, $9.42) that you can offset at the three-buck-a-P+R level with CRU lease revenues of just shy of $11.75 a square foot per annum. Better yet, a CRU lease rate of $14.49 a square foot allows you to project P+R revenues at a rock-bottom $1.49 per stall per day.
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Last edited by Beltliner; May 12, 2009 at 7:43 PM.
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