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<br /> <br />Twin Lakes <br />Purpose of Redevelopment <br /> <br />. 175 acres of opportunity land <br />. Possible 8 times increase in tax base <br />. $400m in new value <br />. 2.5 million s.f. of new buildings <br />. 600+ new housing units <br />. 5,000+ new jobs and $300m in wages <br /> <br />February 03, 2003 <br /> <br />City of Roseville <br /> <br />3 <br /> <br /> <br />Twin Lakes <br />Cost of Redevelopment <br /> <br />. Redevelopment cost to public and <br />private sector............$115m <br />. Makes the land "market competitive" <br />with suburbs.............. <br />. Acquisitions costs $6 to $8 per s.f. <br />. Total redev. costs $16 -$18 s.f. <br />. A portion of "gap" is funded with TIF <br /> <br />February 03, 2003 <br /> <br />City of Roseville <br /> <br />4 <br /> <br />2 <br />