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Environmental Data Record or Log Page

Machine-extracted title · confidence 75%

Fragmented page containing environmental data records or logs related to post-9/11 monitoring efforts at the World Trade Center site.

NYC-WTC_000142053–000142069

Folder label: “DEP 59.17 Junction Blvd, 11th FL

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Scanned page image, NYC-WTC_000142062
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OCR status: ok · source: pdftotext

NYC 9/11 Public Portal Document

A 1 E Cd

The numbers tell the stor)'': Companies large and small can benefit from the plan. T/ie fo/loiring is an example of horn Mayor Ginliani's Loavr Manhattan fierila/ization Plan irould benefit a mulfimeclia company leasing 3,500 sq.ft.

Assumptions for a Multimedia Firm

Rentable Square Feet...................................................... ... 3,500 Base Rent (including Operating Expenses and Real Estate Taxes) .,.$22,00 Real Estate Taxes............................................................ ... $4.50 Electricity...................... ;................................................ ... $2.25 Rate of Growth............................................................... ...3.00% Discount Rate................................................................. ....7,75% Net Present Value of Lower Manhattan Revitalization Plan....... $39,000

Potential Savings Years 1-5 1997 1998 1999 2000 2001 Real Estate Tax Credit $2,25 $2.25 $2,25 $1.49 $0.74 Commercial Rent Tax* $1,09 $1.09 $1.09 $0,72 $0.36 Total Benefits Per Square Foot $3.34 $3.34 $3.34 $2.21 $1.10 Total Benefits in Dollars $11,694 $11,694 $11,694 $7718 $3,859

Total Dollar Benefits $47,000 Net Present Value of Lower Manhattan Revitalization Plan. $39,000 L ’Based on base rent and electricity costs

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NYC-WTC_000142062

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NYC-WTC_000142062Source: NYC Law Department, mirrored locally

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