Development Pro Forma

The Dandini Research Park Master Plan has been adopted as an amended overlay to the City of Reno Dandini Regional Center Plan, including incorporation of certain Special Use Permits. This provides exemption from many City permits and processes which fast-track development and minimize cost.

The construction pro-forma below illustrates the estimated development costs of a sample building in comparison to a location with equitable access to intellectual capital, laboratories and research capabilities.

Assumptions

Acreage: 4.44
Bldg GSF: 60,000
Parking: 120
Zoning: R&D / Light Manufacturing

Development Parameter
Dandini Research Park
Comparative Location (1)
Land Lease - Net Present Value 580,219 1,027,165
 Design Allowance  100,500  177,916
 General Conditions  182,741  323,507
 Architectural & Engineering - Sitework  790,960  1,400,241
 Construction - Building Shell  1,778,515  3,148,515
 Construction - Elec / Lighting  51,000  90,286
 Contingency  58,074  102,809
 Insurance  22,213  39,324
 Fees  118,372  209,555
Total Estimated Project Costs
$3,682,594 $6,519,318

(1) - weighted aggregate of 2008 National Science Foundation ranked institutions and Miliken Institute Cost-of-Doing Business Index