Categories of Costs and Economic Analysis
- Land Acquisition / Lease / Net Present Value
- Design Work
- Demolition
- General Conditions (e.g. site remediation / cleanup)
- Architectural & Engineering - Sitework
- Construction - Irrigation / Drainage
- Construction - Buildings / Structures
- Construction - Elec / Lighting
- Construction - Roadways / Sidewalks / Accessibility / Signage
- Traffic Study / Mitigation
- School Study / Impact
- Infrastructure / Community Impact (e.g. Public Safety,, Maintenance)
- Contingency
- Insurance Fees
Estimating Demolition Costs
NOTE: City of Malden commissioned an appraisal of the Malden Hospital Site which is believed to include an estimate for demolition costs, however, the city has not released this information.
Other References
Downtown Parks: Funding Methods, Management Structures, and Costs
See page 31 and after for cost estimates of Programmatic Elements in Downtown Parks
Measuring the Economic Value of a City Parks System
How Cities Use Parks for Economic Development
Park Pro Forma
For comparison
Waitt's Mount - 10.6 Acre Site, $1.5M renovation
Bell Rock Park - refresh entrance for $300,000
South Broadway Park - $7.6 M Transformation