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ECONOMIC ACTIVITY 2005-2015 MILLENNIUM PARK IMPACT Gross Sales-Visitor Spending Taxes on Visitor Spending Direct Employment/Visitor Spending Direct Earnings/Visitor Spending Direct Output Induced Employment Induced Earnings Induced Output
2.60 Billion 240 Million 1,070 FTEs 200 Million 720 Million 460 FTEs 140 Million 630 Million
Millennium Park Costs: 55% Public = $270 Million 45% Private = $220 Million Total = $490 Million │
RESIDENTIAL DEVELOPMENT 2005-2015 MILLENNIUM PARK IMPACT Units completed 2005-2007 Forecast over 10 years (units) Millennium Park Factor Units attributable to Millennium Park Average price per square foot Average unit size (square feet)
3,696 10,000 25% 2,500 $400 1,400
Total Value of Residential Development Attributable to Millennium Park = $1.4 Billion Millennium Park Costs: 55% Public = $270 Million 45% Private = $220 Million Total = $490 Million │
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9 M sf │ Residential, Commercial, Institutional ± 9,000 Residents │ ± 19,000 Employees
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The i0 Theater
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LINCOLN YARDS NORTH PD Net Site Area = 1,372,660 sf NORTH PD
6.5 FAR = 8,922,291 sf
SOUTH PD Net Site Area = 941,865 sf
6.28 FAR = 5,914,910 sf
TOTAL = 14,837,201 SF SOUTH PD
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LINCOLN YARDS NORTH PD Net Site Area = 1,372,660 sf NORTH PD
6.5 FAR = 8,922,291 sf
SOUTH PD Net Site Area = 941,865 sf
6.28 FAR = 5,914,910 sf
TOTAL = 14,837,201 SF SOUTH PD
STERLING BAY ADDITIONAL PROPERTY
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LINCOLN YARDS STRIP MALL
NORTH PD
STRIP MALL
Net Site Area = 1,372,660 sf NORTH PD
6.5 FAR = 8,922,291 sf
STRIP MALL
STRIP MALL
SOUTH PD Net Site Area = 941,865 sf
6.28 FAR = 5,914,910 sf
TOTAL = 14,837,201 SF SOUTH PD
STERLING BAY ADDITIONAL PROPERTY FOR SALE
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POPULATION PROJECTION
50,640 PEOPLE
ONE WILLIS TOWER
= 4.5 MILLION SQUARE FEET
12,000 PEOPLE
LINCOLN YARDS CURRENT PD’s
LINCOLN YARDS FULL BUILDOUT
39,960 PEOPLE
50,640 PEOPLE
3.33 WILLIS TOWERS 15 million sf
4.22 WILLIS TOWERS 19 million sf
NORTH & SOUTH PD’S
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PARK PRESERVE SITE
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