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)