(a) Rental from 51⁄2 levels (no rental from Electronic Educa- 80 percent of 5,381,300 square feet at $6 per square foot (b) Electronic Education and Information Center operations__ Total annual income_. Annual operating expenses: (a) Founding Corporation administrative_ (b) Electronic Education and Information Center(c) Parking (d) District of Columbia real estate taxes-(e) Bond interest_. Total annual operating expenses--. $25, 275, 000 10, 000, 000 11, 111, 111 1, 875, 000 48, 261, 111 6, 550, 000 1, 650, 000 4, 444, 444 2,758, 604 217, 500, 000 32, 903, 048 1 Additional income from donations, concessions, accumulated earnings, International Club. 2 Interest becomes less as bonds are amortized. 130, 000, 000 120, 000, 000 350, 000, 000 Estimated costs (3 years) 1. For 72 floors, including foundation; consisting of 10,539,400 square feet: Total structure_. A. & E., legal (8 percent). Total construction costs__. 2. Purchase of air rights over tracks___ 3. Purchase of K St. corner from Washington Terminal Co., and 8. Interest on bonds, 2 years.. 9. Underwriting Total estimated costs for 1st 3 years_ $221, 327, 400 17, 706, 192 239, 033, 592 5, 000, 000 1,572, 000 17, 950, 000 24, 580, 000 10, 200, 000 3, 000, 000 15, 000, 000 7, 000, 000 323, 335, 592 Year 1: Bond issue Cash flow $100, 000, 000 100, 000, 000 Total 1st year income__. (c) American Foundation for World Trade Studies, Inc.: Equipment Projects Total (d) Public relations (e) Underwriting 1, 650, 000 1, 000, 000 1, 000, 000 3, 650, 000 5, 010, 000 4, 150, 000 1, 800, 000 10, 960, 000 1, 000, 000 2, 000, 000 37,435, 096 Total 1st year expenses_ Cash on hand beginning of 2d year--- 62, 465, 914 Year 2: (c) American Foundation for World Trade Studies, Inc.: Projects Total (d) Public relations (e) Interest on bonds (f) Underwriting - Total 2d year expenses Cash on hand beginning of 3d year 1, 000, 000 10, 000, 000 12. 650, 000 5,010,000 1,800,000 6, 810, 000 1,000,000 5,000,000 2,600,000 150, 976, 769 41, 588, 118 |