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Private Developer ServicesProjects referenced indicate work managed and/or completed by senior BBP LLC staff, including assignments by Basile and Prost when they were Principals and senior technical staff at other consulting firms. Assignments with private developers have covered a host of developments including office, retail, hotel, residential, recreational/entertainment, group meeting/audience support, institutional, industrial and transportation-related projects. Market analyses conform to private sector underwriting procedures and requirements, as we investigate the balance between supply and demand in the marketplace. Financial impact assessments primarily take the form of pro forma spreadsheet analyses in which project capital costs and operating characteristics are analyzed. BBP LLC professionals tally project revenues, account for space vacancies, detail project costs, establish project net operating income and derive project funding potential plus potential project returns. Development programming data is then provided to private developers describing the amount, timing and type of development that should be considered from a development standpoint, while physical/land planners transform our data into determinations of the location and configuration of land uses required. Additionally, BBP LLC staff are often tasked to evaluate the fiscal costs and benefits of public policies affecting private developers who are dealing with public entities. Our staff's fiscal impact evaluations generally include evaluating and projecting development by land use type; estimating net new employment; population and households; and, translating the development and demographic projections into fiscal costs and revenues. Fiscal impacts are quantified in terms of capital and operating costs of providing services and facilities. Capital and operating revenues created from development (enhanced property values, tax revenues, jobs and payroll spin-off revenues, secondary development, etc.) are also assessed and conform to federal, state and local evaluation methodology procedures and requirements. | |||
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