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3.A. - Page 11 of 14 <br />Land Use Fiscal Analysis Case Study Examples <br />OFFICE REPLACING RETAIL <br />601 MARSHALL ST <br />Fiscal benefit of new high <br />density office exceeds <br />that of existing, lower <br />density retail <br />Typical Conditions <br />Office 124,224 SF $2,622 <br />Total New $326,677 <br />Less Existing Development <br />Retail -12,281 SF $27232 ($27,413 <br />Total Existing ($27,413) <br />Total Annual Net Impact $298,266 <br />(Total New - Total Existing) <br />COVID Conditions <br />New Development <br />Office 124,224 SF $2,524 $313,454 <br />Total New $313,484 <br />Less Existing Development <br />Retail -12,281 SF $2,176 26729 <br />Total Existing ($26,729) <br />Total Annual Net Impact $28fi 755 <br />(Total Nav - Total Existing) <br />1 <br />13 <br />