Date post: | 21-Dec-2015 |
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Guild Road Industrial ParkWorkshop
Guild Road Industrial Park
• Incubator Study identified a lack of market for a successful incubator in Woodland.
• Consultant identified a market need for 25,000-50,000 square foot industrial buildings.
• Guild Road design includes 3-5 buildings ranging from 25,000 or 45,000 square foot buildings.
Guild Road Industrial Park-Next Phase
• Land Use/ Master Planning Permit– Pre-application $16,500– Permit Application Cost $118,250– Final Construction Documents $47,500– Contingency @ 10% $18,225– Total Estimated Cost $200,475
Guild Road Industrial Park-Funding Options
• Funding options for Land Use/ Master Planning Permit– Cowlitz County .09 Rural Development Funds $1
million available- request of $50,000 due February/March
– CERB Planning- request of $50,000 or 25% of the total project cost due April 6
– EDA funding- request of $100,000 due – Currently in Port budget from reserves for the total
amount
Guild Road Industrial Park- Building Design
• Each building- the example shown is the Phase 1 23,000 square foot building- will include at grade docks
• Each building would have a design for an office space. The example provides a 2,000 square foot space.
• The building is a metal tilt up like the Down River Drive designs for five of the buildings.
• The example shown is estimated to cost $858,981 or $37.35 per square foot.
• A return on investment (ROI)for the building would be
Guild Road Industrial Park-Planning Level Cost Estimate
• Full Site Improvements is for all sites- $943,250• Site Improvements for Phase One Building
$685,525• Site Improvements for Phase Two Building
$298,000• Site Improvements for Final Phases depends on
the building selection (3- 25k foot or 1-45k foot building)
Phase One Building Example 23,000 square feet
Guild Road Office Space Example
Guild Road Industrial Park- Total Costs
• Land Use/ Master Planning Permitting $200,475
• Full Site Improvements $943,250• Building Costs Option 1: $3,473,481• Building Cost Option 2: $4,593,971• Total Option 1: $4,617,206• Total Option 2: $ 5,737,696
Guild Road Industrial Park-Total Cost Funding Options
• CERB Funding $ 300,000 grant + $1.7 million loan
• EDA Funding $1.5 million grant limit (for construction)
• Cowlitz County .09 Rural Development• USDA Infrastructure Funding for
telecommunications, storm water, sewer, etc.