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V. CASE STUDIES <br />Four examples of the economic impact of new construction of office buildings <br />Case Study 1: <br />75,000 square foot office building <br />(Braley Building at Colorado and Raymond, Wells Fargo Bank building on Colorado) <br />A 75,000 square foot office building would be a four story building with 50% lot coverage on an <br />acre of land with a floor area ratio of approximately 2. A 75,000 square foot office building <br />would be valued at approximately $24,375,000 based on current valuations of $325/s.f. <br />For a modest sized 75,000 square foot building built today, property tax generated would be <br />approximately $51,000 per year for the City of Pasadena, $95,000 per year for the Pasadena <br />Unified School District, $73,000 for L.A. County and $31,400 for Pasadena City College. <br />Ongoing Revenues, Pasadena Area <br />City Bus. UUT PUSD PCC LA <br />Prop. License County <br />Tax <br />t5 <br />■ Pasadena Area <br />Ongoing Income in <br />$1000s - 75,000 <br />Square Feet of New <br />Construction <br />