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PARTIAL SECTION DETAIL

2,100'

7000 CARS

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U.S. VISITOR CENTER

1

Economic analysis
Annual operating income after 4th Year:
(a) Rental from 572 levels (no rental from Electronic Educa-

tion and Information Center or National Visitor Center)
80 percent of 5,381,300 square feet at $6 per square foot
(10 percent vacancy rate)--

$25, 275,000 (b) Electronic Education and Information Center operations-- 10,000,000 (c) Parking (space for 7,000 cars ; $11,111,111 at $1.43 each) -- 11, 111, 111 (d) International Club dues--

1, 875, 000

Total annual income..

48, 261, 111

Annual operating expenses :

(a) Founding Corporation administrative---
(b) Electronic Education and Information Center..
(c) Parking
(a) District of Columbia real estate taxes-
(e) Bond interest -

6, 550, 000 1, 650, 000 4, 444, 444

2, 758, 604 ? 17,500,000

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Total issued.--

350, 000, 000 1 Additional income from donations, concessions, accumulated earnings, International Club.

2 Interest becomes less as bonds are amortized.

Estimated costs (8 years)
1. For 712 floors, including foundation; consisting of 10,539,400

square feet:
Total structure..

$221, 327, 400 A. & E., legal (8 percent).

17, 706, 192

239, 033, 592

5, 000, 000

Total construction costs. 2. Purchase of air rights over tracks.3. Purchase of K St. corner from Washington Terminal Co., and

L St. corner from Federal Redevelopment Land Agency4. Electronic Education and Information Center, 3 years_5. American Foundation for World Trade Studies, Inc.---6. U.S. Visitor Center Founding Corporation, administrative-7. Public relations 8. Interest on bonds, 2 years. 9. Underwriting

1, 572, 000 17,950, 000 24, 580, 000 10, 200, 000

3,000,000 15, 000, 000 7,000,000

Total estimated costs for 1st 3 years.

323, 335, 592

Cash flow
Year 1:
Income:

Bond issue

Total 1st year income.

$100, 000, 000 100, 000, 000

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(c) American Foundation for World Trade Studies, Inc. :

Facilities and administrative
Equipment
Projects

5, 010, 000 4, 150, 000 1, 800,000

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(c) American Foundation for World Trade Studies, Inc. :

Facilities and adminstrative
Projects

5, 010, 000 1, 800,000

Total

6, 810, 000

1, 000, 000 5. 000, 000 2. 600, 000

(d) Public relations
(e) Interest on bonds
(f) l’nderwriting

Total 2d year expenses
Cash on hand beginning of 3d year

150, 976, 769

+1, 588, 118

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