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Case Study 4: <br />450,000 square foot office building <br />(The two southernmost buildings of the Corporate Center complex; size of both buildings at <br />Pasadena Towers at Colorado and Lake.) <br />A 450,000 sf. office building would be a three to four-story building with 60% lot coverage on <br />ten acres of land with a floor area ratio of approximately 2.15. A 450,000 square foot office <br />building would be valued at approximately $146,250,000 based on current valuations. <br />For a 450,000 sf. building, built today, property tax generated would be approximately $307,000 <br />per year for the City of Pasadena, $573,200 per year for the Pasadena Unified School District, <br />$573,000 for L.A. County and $186,400 for Pasadena City College. Built today, a 450,000 <br />square foot office building would generate $1,808,000 for local governments and schools. <br />Ongoing Revenues Pasadena Area <br />City Bus. UUT PUSD PCC LA <br />Prop. License County <br />Tax <br />21 <br />■ Pasadena Area <br />Ongoing Income in <br />$1000s-45g000 <br />Square Feet of New <br />Construction <br />