Review Development Dashboard

The development dashboard was originally created in 2010 as a means to track all projected revenues and expenses relevant to the development of the property.  This effort originally included a considerable effort to recount and recapture both past expenses, as well as future expenses anticipated as part of the current development plan.

The dashboard considers both hard and soft costs associated with the project, as if the project was a free-standing entity, to allow the HRA to measure the progress and status of the project along the path of development. This is a critical tool in measuring the progress towards exit strategy #2, which includes the partial development of the project prior to a sale of the holdings in their entirety.  It is also a critical component to all exit strategies, as it provides a very critical account of the financial components of the project for a perspective buyer. The dashboard tracks all the costs expected to be incurred by this development regardless of the ownership, and provides a tremendous amount of due diligence data for any perspective buyer.

 

The development dashboard has a number of significant assumptions that were developed in the initial stages of this project effort.  The HRA should, from time-to-time, review these assumptions and the resulting impact on the financial components of the project to ensure that the dashboard provides accurate guidance throughout the development effort.

The development team recommends the HRA review the current development dashboard, and the related assumptions to provide updated direction to the development team.

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