FINANCIAL FEASIBILITY AND MARKETING STRATEGY STUDY. EVANSTON TRANSPORTATION CENTER DEVELOPMENT

An intermodal Transportation Center in Downtown Evanston is analyzed for the potential of using presently vacant land as a site for a private office development. The financial feasibility of the proposed development is analyzed in terms of financial returns to investors based on existing and projected construction costs and market rents. Internal rates of return are developed based on various levels of public subsidy. The Study concludes that under current market conditions (high interest rates and a shortage of lendable funds), the project is only marginally feasible.

• Corporate Authors:

  Real Estate Research Corporation

  72 West Adams Street
  Chicago, IL  United States  60603

  Evanston, City of, Illinois

  2100 Ridge Avenue
  Evanston, IL  United States  60204

  Urban Mass Transportation Administration

  400 7th Street, SW
  Washington, DC  United States  20590
• Authors:
  • Karver, J
  • Nelson, A
• Publication Date: 1982-8

Media Info

• Pagination: 60 p.

Subject/Index Terms

• TRT Terms: Development; Feasibility analysis; Intermodal transportation; Marketing; Office buildings; Passenger terminals; Real estate development; Return on investment
• Identifier Terms: Urban Mass Transportation Act
• Geographic Terms: Evanston (Illinois)
• Old TRIS Terms: Umta section 9
• Subject Areas: Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 00462883
• Record Type: Publication
• Source Agency: Urban Mass Transportation Administration
• Report/Paper Numbers: UMTA-IL-09-0063
• Files: TRIS, USDOT
• Created Date: Aug 28 2004 4:21AM