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2.1 Altematye #1 proposes 185 affordable senior apartment units in 3 and 4 story <br /> buildings with a floor to area configuration not to exceed 25. Underground parking <br /> would be required, Oakorest would be reconstruction and re-routed through the middle <br /> of the site. The project would add approximately $15,400,000 in new value to the site. <br /> The average value of the apartment unit would be slightly more than $83,000, including <br /> land. Over a ten year period slightly more than $1.72 million in net new available TIF <br /> taxes would be generated. <br /> �r <br /> G <br /> 3 <br />