Financial Feasibility for Construction of a Multi-Use Government Complex
Bellingham, WA
Project Description
Financial feasibility study to provide the Lummi Indian Business Council with the information necessary to determine whether to proceed with the construction of a new tribal government multi-use complex.
Project Responsibilities
- Identified and quantified revenue sources which could be utilized for repayment of any financing of the Complex
- Provided market data to support assumptions used for revenue projections including population trends, economic conditions in the service area, and competition
- Conducted interviews with client and potential funding sources to create appropriate expense and financing assumptions and requirements
- Provided a financial model which reflected five years projected income and expense statement of cash flow and balance sheet
- Managed Subconsultant that reviewed the construction budget, operating and maintenance budget for the mechanical systems and determined whether phasing of the project was feasible
- Presented findings to the Council and provided recommendations as to funding options, timing of project and structure of financing as result of the analysis
Project Results
- Project was approved by the Council
- Created a final loan package allowing the Tribe to successfully acquire financing for the project
- Completed ahead of schedule
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