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Charlotte Cotton Mills Oates Building ( B)- Tax
Credit Analysis |
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Graham Bldg. |
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Oates Bldg. |
Oates Bldg. |
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(Building A) |
Cost Per |
(Building B) |
(Building B) |
Cost Per |
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Line Item |
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(26,277 S.F.) |
Sq. Ft. |
(31,949 S.F.) |
(31,949 S.F.) |
Sq. Ft. |
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BUDGET |
COMMITTED OR |
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SPENT TO DATE |
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1 |
Acquisition Costs |
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######## |
$49.28 |
$ 1,613,712 |
$ 1,613,712 |
$50.51 |
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2 |
Pro-Rata Site Work |
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$ - |
$0.00 |
$ 80,000 |
$ 30,527 |
$2.50 |
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3 |
Stabilization |
######## |
$48.23 |
$ 908,125 |
$ 821,002 |
$28.42 |
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4 |
Shell |
$ - |
$0.00 |
$ - |
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$0.00 |
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4 |
Shell |
######## |
$17.98 |
$ 421,516 |
$ - |
$13.19 |
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5 |
Contingency |
######## |
$5.71 |
$ 100,000 |
$ - |
$3.13 |
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5 |
Parking |
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######## |
$32.62 |
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40 @ $14,285 |
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$ 571,400 |
$ - |
$17.88 |
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6 |
Upfit Cost |
$ - |
$0.00 |
$ - |
$ - |
$0.00 |
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7 |
Soft Cost |
######## |
$7.89 |
$ 313,254 |
$ 85,724 |
$9.80 |
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8 |
Commission |
######## |
$4.91 |
$ 131,107 |
$ - |
$4.10 |
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10 |
Total Cost |
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######## |
$166.63 |
$ 4,139,114 |
$ 2,550,964 |
$129.55 |
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11 |
Total Costs Eligible For Tax Credits |
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$84.73 |
$ 1,874,002 |
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$58.66 |
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Federal Tax Credit Program 10% of Eligible Costs |
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12 |
Federal Tax Credit @ 10% of Eligible Costs |
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$8.47 |
$ 187,400 |
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$5.87 |
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