PROJECT INVESTMENT
Arnie B. Green Associates, Inc. proposal for the development of the Southwest Quadrant of the Ormond Beach Airport does not anticipate any funding input from the City of Ormond Beach in connection with any bond financing.
Our financial projections and planned structure will not need to raise the full projected capital amount - $70.5 million - in the project's initial capital development phase.
Since the construction of the project will be in stages, the Planning Team has compiled detailed financial projections to determine the amount of funding initially necessary, and as the project progresses in development and execution.
Arnie B. Green Associates, Inc. proposal for the development of the Southwest Quadrant of the Ormond Beach Airport does not anticipate any funding input from the City of Ormond Beach in connection with any bond financing.
Our financial projections and planned structure will not need to raise the full projected capital amount - $70.5 million - in the project's initial capital development phase.
Since the construction of the project will be in stages, the Planning Team has compiled detailed financial projections to determine the amount of funding initially necessary, and as the project progresses in development and execution.
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FINANCING PLAN MIX
As the Company's capital needs arise, we plan on financing seventy percent (70%) of Phase I through industrial revenue bonds or special use bonds, a traditional bank loan, bridge loans, and other bond instruments. We would also seek the remaining thirty percent (30%) of the funding from private stakeholders, including individuals involved in the project and other high net-worth individuals.
The proposal includes a timetable for each phase of the project, including deadlines to raise the 30% of the capital it expects to raise from private investors and deadlines (subject to reasonable extensions) for bank or public financing, which would give the City reasonable assurance that Arnie B. Green Associates, Inc. would be financially sound to provide aeronautical services to the public and be financially sound.
As the Company's capital needs arise, we plan on financing seventy percent (70%) of Phase I through industrial revenue bonds or special use bonds, a traditional bank loan, bridge loans, and other bond instruments. We would also seek the remaining thirty percent (30%) of the funding from private stakeholders, including individuals involved in the project and other high net-worth individuals.
The proposal includes a timetable for each phase of the project, including deadlines to raise the 30% of the capital it expects to raise from private investors and deadlines (subject to reasonable extensions) for bank or public financing, which would give the City reasonable assurance that Arnie B. Green Associates, Inc. would be financially sound to provide aeronautical services to the public and be financially sound.
$70 Million in New Investment
$382 Million 20-Year Impact to Ormond Beach
1800 20-Year Total New Job Effect to Region
$2.0 Million New State & Local Taxes Upon Completion of First Year of Operations
Robust Operations Facility - Not Just Aircraft Storage Hangars
800 Years Total Airport
Development, Engineering & Aviation Team Experience
100+ Years Total Military Command, Control, Operational, Flight & Ground Experience
Robust Aircraft Noise Abatement Program
Protects City from Financial Risk and Liability
No Ormond Beach Funds Required for Financing of Development
$382 Million 20-Year Impact to Ormond Beach
1800 20-Year Total New Job Effect to Region
$2.0 Million New State & Local Taxes Upon Completion of First Year of Operations
Robust Operations Facility - Not Just Aircraft Storage Hangars
800 Years Total Airport
Development, Engineering & Aviation Team Experience
100+ Years Total Military Command, Control, Operational, Flight & Ground Experience
Robust Aircraft Noise Abatement Program
Protects City from Financial Risk and Liability
No Ormond Beach Funds Required for Financing of Development
