A PLATTE VALLEY FRANCHISE
for a 5 MILE ROUTE
This route links all the
entertainment venues into a downtown parking reservoir of 30,000 parking spaces
that are mostly empty during the day .
If these spaces are linked to downtown
and priced lower, then the potential for ridership is increased.
Downtown has 110,000 employment
base and 182,000 daily visitors nearly 60% arrive by car. But there are only
48,241 parking space downtown.
Total development costs are
estimated at $88
million including a $8 Million contingency reserve. Ridership assumptions are
22,000
per day (from 12,000 CBD parkers +
3,000 RTD transfers + tourists and visitors)
and pricing from $1 per day for unlimited
use and parking from $3 per day. Over 25 years the gross revenues grow from $14
million per year to $47 million per year from 3.5% increase in ridership and
pricing. Meantime the $88million fixed costs needs only $19 million for upgrades replacements. Using
these assumptions, the return is calculated at 20% per year ave. over 25 years
before taxes. (See Cash Flow)
Printable AGT development consortium (831k)