Economic Analysis: Pine Ridge Resource Center, Saginaw, Michigan
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Authors
McKinney, Jason Cory
Issue Date
1995
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
Initially, I will reflect on my senior individualized project in
which I had the opportunity to work alongside masterful business
men that had invested hundreds of hours in a multi-million dollar
business venture that I will refer to as Pine Ridge Resource Center.
In this paper I will attempt to entice the reader by giving an
overview of three areas of the project which include the start-up
costs, agreements in the contract, and the marketing tactics used to
lease out the available space in the resource center.
Firstly, the start-up cost section takes a look at the actual
process of getting the project going. How the idea was introduced
was actually through networking and a client approached the
investors. Hours were then spent sitting down with the builder to
get an idea of what some of the costs would be. Somewhat of a
budget ·was drawn up and the next step was figuring out how to
finance the project. The group decided to apply for a loan to finance
the actual construction costs. The two accountants and the builder
combined for the rest of the collateral in the form of stock in which
they owned in the project. A fourth investor was brought in to add
some additional capital to the project. In the form of a loan the
fourth investor loaned the group a substantial amount of money 1n
which he will be paid back at a attractive interest rate over a 15
year period. This section goes into detail as the extent of the loans
along answering other questions about the project.
Additionally, the second part of the paper introduces an
overview of a very lengthy contract. The contract is very clear and
is obvious that every situation, word, and question is drawn out,
defined, and answered. What I attempted to do for the reader in
this section is clarify some of the terms outlined and defined in the
contract. It also goes into some detail as to what would happen tn as
or if certain situations unfold. Basically, I tried to depict the
important and interesting sections of the contract and analyzed them.
Lastly, the marketing section gives the reader an idea of some
of the tactics the business did in its attempts to attract potential
tenants in the ultimate goal of having the entire complex leased out
before the actual completion of the project. Working on a similar
marketing scenario I had the opportunity to aid in producing a
brochure that would be sent out advertising the space.
These are the three areas I have analyzed and researched for
my senior study of Pine Ridge Resource Center.
Description
97 p.
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