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GAN-AM <br />♦ 25 ACRES NORTH OF CITY HALL <br />♦ 320-360 UPSCALE HOUSING UNITS <br />♦ LAND COSTS PER APARTMENT UNIT SHOULD BE 3,000 - 4,000 <br />PER UNIT. <br />♦ DEAL: $2.9 MILLION SUBSIDY = $4,356 PER UNIT. <br />U VIRTUALLY RISK FREE - "PAY AS YOU GO". INCREMENT <br />SHOULD BE IN THE RANGE OF $400,000 PER YEAR:. <br />♦ FINAL DEVELOPMENT AGREEMENT WOULD REQUIRE COUNCITI <br />APPROVAL <br />