Building a Better Boston: a General Statement On Rehabilitation And On Analysis of Existing Conditions in the South End V.2
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TOTAL ANNUAL COSTS $326,142 TABLE X ANNUAL INCOME TO REDEVELOPMENT CORPORATION PROJECT 3 July 1,1942 NEW BUILDINGS 282 Suites Of 3 Rooms @ $17.50 Per Month ~ $4,935 309 ■■ "4 n n 17.50 n it - 5,408 88 " "5 n n 17.50 ti n m 1,540 154 " "5 n n 22.50 II it - 3,465 12 " "6 it it 27.50 ii ii - 330 9 " "6 n 35.00 n •» = 315 854 TOTAL SUITES Total Per Month $15,993 Less 1% Vacant - 160 Rent Per Month $15,833 TOTAL INCOME - Rent Per Year $189,996 -36- tals of Tables VI and VII is, therefore, a test of ...the sound- ness of these plans and set-ups from the point of view of the Redevelopment Corporation, granting, of course, the soundness of the many assumptions as to units of cost. Table VIII similarly gives the capital cost for project (3). Table IX gives the annual cost for project (3) and Table X gives the corresponding income. The income from rents to the corporations developing (2) and (3) would not be greatly changed, whether the two projects were undertaken simultaneously or not. The procedure of the Redevelopment Corporation and its prof- it or loss interlocks, of course, with the procedure of the city and the profit or loss which will thus appear in the finances of the city.
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