Cost Estimates*
Total Land (s.f.)		$254,750
Acquisition cost	$5.00 s.f.	$1,273,750
Sitework/Clearance
Estimated s.f. Demolition cost Site preparation cost Total sitework/site preparation cost	$2.70 s.f. $2.00 s.f.	75,000 $202,500 $509,500 $712,000
New S.F. Homes		16 units
Ave. s.f./unit Cost/unit (low estimate) Cost/unit (high estimate) Total cost (low) Total cost (high)	$50.00 s.f. $70.00 s.f.	1600 $80,000 $112,000 $1,280,000 $1,792,000
New Townhouses		17 units
Ave. s.f./unit Cost/unit (low estimate) Cost/unit (high estimate) Total cost (low) Total cost (high)	$50.00 s.f. $70.00 s.f.	1200 $60,000 $84,000 $1,020,000 $1,428,000
New Apartments		80 units
Ave. s.f. unit Cost/unit (low estimate) Cost/unit (high estimate) Total cost (low) Total cost (high)	$55.00 s.f. $65.00 s.f.	950 $52,250 $61,750 $4,180,000 $4,940,000
Total Costs
Acquisition Sitework/Site preparation Hard construction costs Soft construction costs Grand Total	25%	$1,273,750 $712,000 $8,160,000 $2,040,000 $12,185,750

*Assumes new construction in blocks roughly bounded by Topeka, Elm, the alley east of St. Francis, and Pine. Used only as an example of potential costs.