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<br />2.2 Alternative #2 proposes 208 affordable senior apartment units in 3 story <br />buildings with a floor to area configuration not to exceed 30. Underground parking <br />would be required, Oakcrest would be reconstruction and re-routed through the south <br />end of the site, Two commercial buildings (a total of 23.800 sJ.) would remain, facing <br />Snelling. The project would add approximately $15,800.000 in new value to the site. <br />The average value of the apartment unit would be slightly more than $75,000, including <br />land, Over a ten year period slightly more than $2,3 million in net new available TIF <br />taxes would be generated. <br /> <br />M:\JAMESADD\JAMES1.SNO <br /> <br />4 <br />