Principality of New Utopia 

THE FINANCING OF NEW UTOPIA

INITIAL COST OF CONSTRUCTION: REVISED ESTIMATES


 
Platforms (10)  Ten platforms (units), each 100 yards square (90,000 sq. ft.), at $1,750,000 each or $17,500,000.  $17,500,000 
Apartment/Condos  Assumed 642 apartments and condominiums averaging 1400 square feet each at a cost of $50 per sq. ft. or $70,000 average cost per unit or a total cost of $44,940,000. These will be built on three platforms, will be five stories in height, with 10,000 square feet of landscaping, shopping and recreational area in the center of each platform.  $44,940,000 
Shopping Mall, Grocery, Hardware  86,000 sq. ft. X 5 floors. The first 4 floors will have 63,000 sq. ft. of rentable space. The 5th floor 73,100 sq. ft. of rentable space. Assumed rents are 1st floor $25 per sq. ft. per year, 2nd floor $22 per sq. ft. per year, 3rd Floor $20 per sq. ft. per year, 4th and 5th floors $18 per sq. ft. per year. Construction cost, calculated at $35 per sq. ft., is $15,050,000.  $15,050,000 
Hotel  Construction and furnishing cost is calculated at $80,000 per room for a total of $20,000,000.  $20,000,000 
Utilities  Cost of equipment, water, electric, and sewer lines installed is calculated at $15,000,000.  $15,000,000 
Port and Warehouses  120,000 sq. ft. of rentable space is calculated to cost $25 per sq. ft. or $3,000,000.  $3,000,000 
Medical Center  315,000 sq. ft., with construction cost estimated to be $70 per sq. ft. or a total of $22,050,000.  $22,050,000 
New Utopia National Bank  25,000 sq. ft., projected to cost $80 per sq. ft. or $2,000,000.  $2,000,000 
Government House  240,000 sq. ft., cost is estimated at $20,000,000.  $20,000,000 
Airport  Planned: a 6000 foot long landing platform, with a 80,000 square foot turnaround at the terminal end. There will be 90,000 square feet of hangar, and fuel storage space. The cost is projected to be $40,000,000.  $40,000,000 
Landscaping  $2,400,000  $2,400,000 
Operation overhead  Architects, engineering, office staff, travel and supervisory expense is projected at $12,400,000.  $12,400,000 
Surface Lease  One percent of cost for 50 year lease: $2,099,000  $2,099,000 
___________ 
$216,439,000 
 

All construction is anticipated to be of preformed reinforced concrete, prefabricated on land and installed in place on the platforms. A few years ago, before the centennial celebration in San Antonio, Texas, a Hilton Hotel was up and operating in 12 days, using this process. The room modules were locked into place already carpeted and furnished.  

This will be only the beginning, or nucleus, of the City/State of New Utopia.  


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New Utopia
9441 East 31st. Street, Suite 160
Tulsa, Oklahoma 74145 USA
phone 918-712-9980 - fax 918-438-2611
E-Mail info@new-utopia.com 
Last Updated: Tuesday August 11, 1998 at 13:32 CT
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