POST HOUSE STAMFORD, CT
Market Study. Low Income Supportive Housing, Stamford, Conn. Study examined demographic support and effective demand for proposed housing development intended to serve displaced low income families. Building plan included on site supportive services component. LIHTC project.
Fiscal Impact Analysis. Fairfield Hills Hospital Property, Newtown, Conn. This surplus state facility was offerred to private developers for redevelopment. The R. L. O'Neil Company with Harrall-Michalowski Associates reviewed three alternative residential development proposals to identify the impact on the Town's grand list, future tax revenues, service and school expenses and developed an incremental impact evaluation on the local mill rate. An alternative of Town purchase of the property was also considered and similarly evaluated for fiscal impact.
GERBER FARM, VERNON, CT
Market Analysis and Fiscal Impact Analysis. A 275 acre tract known as Gerber Farm had been designated by local Planning and Zoning as an Economic Development Zone. But the the property had been dormant as a designated industrial park area on the Town Plan of Development. The Town retained planning consultants HMA to evaluate the roadblocks to development and design a land use strategy to promote economic development. Mr. O'Neil was retained as a subcontractor specialist and prepared market analysis of the several uses that might be accommodated at the site and for each use a fiscal impact evaluation. The consultants then developed a plan for mixed use site development and drafted a Fiscal Impact Zoning Ordinance which enabled site development for a variety of activities that could be demonstrated to have a positive fiscal impact. Since the sttudy was completed and the new zoning adopted nearly $50 million has been added to the grand list at this location.
Market Study. Grandfamilies Housing, New Haven, Conn. Study examined demographic support for proposed housing development intended to serve grandparents raising kids with rent limitatins and income limitations consistent with the Low Income Housing Tax Credit program.
Market Study. Supportive Housing, scatterred sites, Middletown, Connecticut. Examination of local housing market to identify market rental rates and to estimate demographic support for housing to serve households requiring support for drug, medical or other circumstances which might put the household at risk of becoming homeless.
Marketability Study and Cost Benefit Analysis. Waterbury Commerce Park, Waterbury and Naugatuck, Conn. Examination of the market for new business and industrial sites, development of price structure for lots in planned businessl park, estimated absorption and comparison of infrastructure costs and schedule with anticipated tax revenues .
Project Feasibility Study. Proposed Mercado, East Side, Bridgeport, Connecticut. In association with Harrall-Michalowski Associates Mr. O'Neil investigated the neighborhood demographics, competitive grocery facilities, grocery spending potential, likely market share for the proposed Mercado. An operating pro forma was prepared and the feasibility for the anticipated income to support the cost of development was evaluated.
SIEMON BUSINESS PARK
Market Studies, Siemon Business Park, Watertown, Connecticut. Examination of likely market support for renovation of former Princeton Knitting Mills property into Corporate Headquarters for The Siemon Company plus additional tenants in renovated mill and concept plan for additional construction in a multi-building campus setting. After project development Mr. O'Neil subsequently performed rent comparability studies to update pricing.
Fiscal Impact Analysis. Canton, Connecticut, Konover Developmnent Corp. proposed to acquired and develop land that had been planned as a municipal industrial park, but which had never moved forward. The company hired The R. L. O'Neil Company to perform comparative analysis of the costs and benefits to the Town of Canton of industrial development versus retail development. The analysis evaluated the anticipated tax revenues, employment and impact on town schools and other operating expenses. Below is a chart of the anticipated impact for industrial use over a ten year period.
Marketability Study and Cost Benefit Analysis. Plymouth Industrial Park Expansion, Plymouth, Conn. Examination of the market for new business and industrial facilities, development of price structure for lots in planned industrial park, estimated absorption and comparison of infrastructure costs with anticipated tax revenues over long term time horizon. The work was completed as a component of a principal contract performed by The Maguire Group.
