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ELF Financing Strategy
<br /> San Mateo County ELF Study‐2016
<br />February 21, 2017
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<br />Prepared by Brion Economics Team Final Report 35
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<br />Table A‐6
<br />Detailed Sample Child Care Renovation Project Cost Estimates
<br />San Mateo Countywide ELF Study ‐ 2016
<br />No. Type Program Year
<br />2016
<br />Inflation %Construction Type
<br />Facility
<br />Budget
<br />including
<br />FF&E
<br />2016 Adj.
<br />Budget
<br />Total Sqft of
<br />Bldg. Space
<br /># of Children
<br />or Spaces
<br />Sqft of Bldg.
<br />Space per
<br />Child
<br />Adj. Base
<br />Tenant
<br />Improvements
<br />per sqft (1)
<br />Permit
<br />Required
<br />Studies
<br />Included
<br />FF&E %
<br />Total Cost per
<br />Bldg. Sqft
<br />Total Cost per
<br />Child Care
<br />Space
<br />1 Remodel Residential Center ‐ Preschool 2014 2%Renovation $572,700 $584,154 1,725 24 72 na na $339 $24,340
<br />Commercial Renovation Projects
<br />2
<br />LIIF Case Study
<br />Improvements in existing
<br />shell ‐ In affordable housing
<br />Center Infant
<br />toddler 2001 36%
<br />Located in LIIF
<br />affordable housing
<br />building $882,000 $1,199,520 2,775 14 198 $191.00 15%$432 $85,680
<br />3
<br />LIIF Case Study
<br />Improvements in existing
<br />shell ‐ In affordable housing Center ‐ Preschool 2007 16%
<br />Located in LIIF
<br />affordable housing
<br />building Urban $763,280 $885,405 3,730 47 79 $164.00 17%$237 $18,838
<br />Average Commercial Renovations $822,640 $1,042,462 3,253 31 139 $178 16% $335 $52,259
<br />Note: Does not include building landscaping or design costs; this can typically cost 10% of outdoor space budget.
<br />Inflation Rates are from http://www.bls.gov/data/inflation_calculator.htm
<br />(1) Open space costs are based on the average cost from Table A‐7, for child care center average outdoor costs.
<br />Sources: Kathryn Tama; Brion Economics, Inc.
<br />Residential Renovation Projects
<br />Table A‐6
<br />Detailed Sample Child Care Renovation Project Cost Estimates ‐ Continued
<br />San Mateo Countywide ELF Study ‐ 2016
<br />No. Type Program Year
<br />Additional
<br />Outdoor Yard
<br />Budget
<br />Sqft of
<br />Outdoor
<br />Space
<br />2016 Adj.
<br />Outdoor Yard
<br />Budget
<br />Total Cost of
<br />Sqft of
<br />Outdoor
<br />Space
<br />Total Cost per
<br />Child of
<br />Outdoor
<br />Space
<br />Total Center
<br />& Outdoors
<br />Costs
<br />Overall, Total
<br />Cost Per Child
<br />1 Remodel Residential Center ‐ Preschool 2014 NA (1) $30,692 na $1,356 $614,846 $25,619
<br />Commercial Renovation Projects
<br />2
<br />LIIF Case Study
<br />Improvements in existing
<br />shell ‐ In affordable housing
<br />Center Infant
<br />toddler 2001 $18,000 1,800 $24,480 $14 $1,749 $1,224,000 $87,429
<br />3
<br />LIIF Case Study
<br />Improvements in existing
<br />shell ‐ In affordable housing Center ‐ Preschool 2007 $54,000 4,030 $62,640 $16 $1,333 $948,045 $20,171
<br />Average Commercial Renovations $36,000 2,915 $43,560 $15 $1,541 $1,086,022 $53,800
<br />Note: Does not include building landscaping or design costs; this can typically cost 10% of outdoor space budget.
<br />Inflation Rates are from http://www.bls.gov/data/inflation_calculator.htm
<br />(1) Open space costs are based on the average cost from Table A‐7, for child care center average outdoor costs.
<br />Sources: Kathryn Tama; Brion Economics, Inc.
<br />Residential Renovation Projects
<br />8.C. - Page 54
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