TNAG-0808-FCO40-1013-Use-of-Crown-lands-relinquished-by-Ministry-of-Defence-in-Ho-1978 — Page 194

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Table Showing the Expected Capital Revenue Deriving from Each of the Four Different Schemes Considered and the Basis of Estimation

ANNEX C

Victoria Barracks Planning Committee Preliminary Report

1.

"

(June 1977).

Direct Return

Commercial/Residential

Residential (Zone 2)

19,320 m2 $27,000/m2@

$

520 M (see Note 1)

11

$

320 M (see Note 1)

28,680 m2 $11,000/m2

0902...

Indirect Return

Murray Barracks II

Total Return

Development Costs

Net Return

11,050 m2 $37,660/m2@

I

$

420 M (see Note 1)

$1,260 M

$ 10 M

$1,250 M

2. Victoria Barracks Planning Committee Final Report

(September 1977)

Direct Return

Commercial

Development Costs

14,000 m2 $32,200/m2@

11

$ 450 M

$

2 M

Net Return

$

448 M

13...

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