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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 |
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$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.
About New Utopia | The
Future As We See It | News and Updates
New Utopia's Founding Principles
| The Plan and The Dream
The Constitution | Citizenship
Information | Consulates
A Message From Prince Lazarus | A
Letter To The UN
The Financing Of New Utopia | Ayn
Rand "Quotes" | Other Quotes
Design For The City | New
Utopia Picture | New Utopia's Location
The International University of Advanced Studies
Offshore Banking Is NOT Evil
By J. F. (Jim) Straw
Frank Ogden/Dr. Tomorrow's®
Postcards From Cyberspace
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phone 918-712-9980 - fax 918-438-2611
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Last Updated: Tuesday
August 11, 1998 at 13:32 CT
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