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BLADC 2020 Program Spring-Fall 2008 <br /> L <br /> Brainerd Industrial Park Abbreviated Data <br /> Acreage& Lots 2007 Est.Market Value <br /> 1972 PHASE 1(40 lots) 111.65 PHASE I $23,906,700.00 <br /> 1996/1999 PHASE II(28 lots) 112.11 PHASE H**** $6,994,800.00 <br /> 2004 PHASE III(Lex.)(2 lots) 63.78 PHASE(Lex.)III**** $5,099,200.00 <br /> 2007 Isebrand/Thiesse(5 lots) 63.12 Isebrand/Thiesse $817,200.00 <br /> 2008 PHASE IV(18 NEW lots) 73.37 PHASE IV $176,500.00 <br /> (93 total lots)* 424.03 $36,994,400.00 <br /> (73 total established lots)* 350.66 <br /> Consumption rate:*** 2.6 lots/year Approximate Price/acre: $60,000/acre <br /> 11.8 acres/year <br /> Undeveloped Supply: 8.1 lot-years <br /> 21 lots,40.23 acres 3.4 acre-years <br /> Operating Businesses 2007 Tax Paid <br /> PHASE I 30 PHASE I $571,750.70 <br /> PHASE II**** 16 PHASE II**** $131,591.84 <br /> PHASE III(Lex.)**** 2 PHASE HI(Lex.)**** $158,820.48 <br /> Isebrand/Thiesse 1 Isebrand/Thiesse $17,646.68 <br /> PHASE IV NEW PHASE IV $NEW <br /> 49 $879,809.70 <br /> Total Government Investment $XX Tax City(44.649%) $273,908.75 <br /> Breakdown: County(29.720%) $182,323.64 <br /> (%s are School(17.718%) $108,694.82 <br /> of tax STD(1.328%) $8,146.90 <br /> capacity) State(50%) $306,735.59 <br /> Total Building SF** Employment <br /> PHASE I 871,000 PHASE I 579 <br /> PHASE II**** 251,500 PHASE II**** 175 <br /> PHASE III(Lex.)**** 160,000 PHASE III(Lex.)**** 81 <br /> Isebrand/Thiesse 40,500 Isebrand/Thiesse 4 <br /> PHASE IV NEW PHASE IV NEW <br /> 1,323,000 839 <br /> * Some of the city-owned lots are not meant for development. **Estimates from an informal survey. <br /> ***Average over life of development. <br /> ****BLADC nomenclature refers to the 2004 Lexington expansion as PHASE III, some city documents call the 1999 <br /> expansion of PHASE II"PHASE Ill",and leave the Lexington expansion unnamed. <br /> 9 <br />