![]() The operating budget for Brooklyn Bridge Park is based on a model that considers the park’s usage acre-by-acre as well as capital reserve requirements needed to fund replacement of Park improvements once they reach the end of their service life. Incorporate financial planning into park planning and design process from the outsetĢ002 – Present Annual Program Budget/ Funding Sources/partnerships and type of support provided.Evaluate and employ a diverse range of potential revenue-generating strategies.Create a financially self-sustaining park that does not drain city resources for annual operation and maintenance or eventual capital improvements and replacements. ![]() These findings are currently being reviewed as Brooklyn Bridge Park plans for further phases of construction. The total annual projected revenues from these sources were estimated at $2,421,000 to $6,951,000 which represented a significant shortfall when compared to residential development revenues. Capturing the potential redevelopment value of certain properties outside the project boundary (one-time payment- $0 annual revenues).Fundraising/philanthropy (0-$1 million). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |