I-70 Cash Flow Proforma
  Category   CONSTRUCTION   OPERATION OPERATION OPERATION 25 YEAR SUMMARY        
  REVENUES     fund / constr constr / test yr-1  yr-2 yr-3 yr-4 yr-5 yr-6 yr-7 yr-8 yr-9 yr-10 yr-11 yr-12 yr-13 yr-14 yr-15 yr-16 yr-17 yr-18 yr-19 yr-20 yr-21 yr-22 yr-23 yr-24 yr-25 Totals Revenues:
  50% Tourist Ridership (10,000 p/d x 4% p/y)[1]       3.65 3.80 3.95 4.11 4.27 4.44 4.62 4.80 5.00 5.20 5.40 5.62 5.84 6.08 6.32 6.57 6.84 7.11 7.39 7.69 8.00 8.32 8.65 9.00 9.36   16,547 riders in 25th year      
    Round Trip Fare Average ($29 x 2% p/y)       $105.85 $112.29 $116.78 $121.45 $126.31 $131.36 $136.61 $142.08 $147.76 $153.67 $159.82 $166.21 $172.86 $179.77 $186.96 $194.44 $202.22 $210.31 $218.72 $223.01 $231.93 $241.21 $250.86 $260.89 $271.33 $4,464.68 Revenues from tourists      
  50% Local Ridership (10,000 p/d x 4% p/y)       3.65 3.80 3.95 4.11 4.27 4.44 4.62 4.80 5.00 5.20 5.40 5.62 5.84 6.08 6.32 6.57 6.84 7.11 7.39 7.69 8.00 8.32 8.65 9.00 9.36   16,547 riders in 25th year      
    Average Round Trip Fare ($20 x 4% p/y)       73.00 77.44 80.54 83.76 87.11 90.59 94.22 97.98 101.90 105.98 110.22 114.63 119.21 123.98 128.94 134.10 139.46 145.04 150.84 156.88 163.15 169.68 176.46 183.52 190.86 $3,099.49 Revenues from locals      
    Cargo at 1/4 Local Ridership       $19.36 $20.13 $20.94 $21.78 $22.65 $23.55 $24.50 $25.48 $26.49 $27.55 $28.66 $29.80 $31.00 $32.24 $33.52 $34.87 $36.26 $37.71 $39.22 $40.79 $42.42 $44.12 $45.88 $47.72 $58.02 $814.64 Revenues from cargo      
    Advertising at 1/4 Local Ridership[2]       $19.36 $20.13 $20.94 $21.78 $22.65 $23.55 $24.50 $25.48 $26.49 $27.55 $28.66 $29.80 $31.00 $32.24 $33.52 $34.87 $36.26 $37.71 $39.22 $40.79 $42.42 $44.12 $45.88 $47.72 $58.02 $814.64 Revenue from ads, vending, souvenirs, parking, air rights, copyrights, interest      
  GROSS REVENUES         $222.0 $233.1 $242.4 $252.1 $262.2 $272.7 $283.6 $294.9 $306.7 $319.0 $331.8 $345.0 $358.8 $373.2 $388.1 $403.6 $419.78 $436.57 $454.04 $467.74 $486.45 $505.90 $526.14 $547.19 $578.23 $9,193.46 Total Revenues    
                                                                     
  Costs and Expenses:                                                           Costs and expenses:      
  Operating Costs at 30%     66.60 69.93 72.72 75.63 78.66 81.80 85.08 88.48 92.02 95.70 99.53 103.51 107.65 111.96 116.43 121.09 125.93 130.97 136.21 140.32 145.93 151.77 157.84 164.16 173.47 2,793.40 Operating Costs      
  Franchise and Royalty @ 3% gross[3]     $0.0 $0.0 6.66 6.99 7.27 7.56 7.87 8.18 8.51 8.85 9.20 9.57 9.95 10.35 10.76 11.20 11.64 12.11 12.59 13.10 13.62 14.03 14.59 15.18 15.78 16.42 17.35 279.34 Franchise and Royalty[4]       
  Replacement reserve at 5% gross     11.10 11.65 12.12 12.61 13.11 13.63 14.18 14.75 15.34 15.95 16.59 17.25 17.94 18.66 19.41 20.18 20.99 21.83 22.70 23.39 24.32 25.30 26.31 27.36 28.91 465.57 Replacement Reserves      
  Total Costs & Expenses     $0.0 $0.0 84.36 88.57 92.12 95.80 99.63 103.62 107.76 112.07 116.56 121.22 126.07 131.11 136.36 141.81 147.48 153.38 159.52 165.90 172.53 177.74 184.85 192.24 199.93 207.93 219.73 3,538.30 Total Costs & Expenses      
                                                                 
  Net Income     $158.0 $368.6 137.64 144.52 150.30 156.31 162.56 169.06 175.83 182.86 190.17 197.78 205.69 213.92 222.48 231.37 240.63 250.25 260.26 270.67 281.50 290.00 301.60 313.66 326.21 339.26 358.50 5,773.02 Net Income      
  Amortized $1.5 B loan ( / 25 years / 5%)[5]     104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 104.78 $2,514.72 Amortized Debt      
  Cash Flow     32.86 39.74 45.52 51.53 57.78 64.28 71.05 78.08 85.39 93.00 100.91 109.14 117.70 126.59 135.85 145.47 155.48 165.89 176.72 185.22 196.82 208.88 221.43 234.48 253.72 $3,258.30 Cash  Flow      
  Return On $1.5 Billion Invested w/o Bonds (before taxes)   0.09 0.10 0.10 0.10 0.11 0.11 0.12 0.12 0.13 0.13 0.14 0.14 0.15 0.15 0.16 0.17 0.17 0.18 0.19 0.19 0.20 0.21 0.22 0.23 0.24 15.39% Average Annual Return on $ 1.5 Billion Investment      
                                                               
Capital Sources and uses     (MILLIONS)  
    Year 1 Year 2 Year 3 Year 4 Totals  
Sources $0.30 70% 0% 0%    
Debt $0.00 $0.00 $0.00 $0.00 $0.00 0%
Equity  $472.24  $  1,101.89  $            -    $         -   $1,574.13 100%
Total Sources $472.24  $  1,101.89 $0.00  $         -    $ 1,574.13 100%
Uses              
Stations $80.28  $     187.32  $            -    $         -   $267.60 17%
Guideway $349.46  $     815.40  $            -    $         -   $1,164.85 74%  
Equipment/cars $37.78  $       88.15  $            -    $         -   $125.93 8%
Property Taxes $4.72  $       11.02  $            -    $         -   $15.74 1%
             
     Subtotal $472.24 $1,101.89  $            -    $         -   $1,574.13 100%
             
Interest  $0.00  $             -    $            -    $         -   $0.00  
Commitment fee $0.00  $             -    $            -    $         -   $0.00  
   SUBTOTAL $0.00  $             -    $            -    $         -   $0.00  
     Total Uses  $                                        472.24  $  1,101.89  $            -    $         -   $1,574.13  
              $1,574.13
[1]
7,000 per day average times 365 days per year
increasing at 4% per year
[2]
Revenues from ads on board, naming rights, vending, souvenirs, parking, air rights, copyrights, interest
[3]
Franchize fee=$1 mil   Royalty =3% Gross Receipts
[4]
Franchize fee=$1 mil   Royalty =3% Gross Receipts
[5]
126 miles see construction tab below