Guild Road Industrial ParkWorkshop

Guild Road Industrial Park

• Incubator Study identified a lack of market for a successful incubator in Woodland.

• Consultant identified a market need for 25,000-50,000 square foot industrial buildings.

• Guild Road design includes 3-5 buildings ranging from 25,000 or 45,000 square foot buildings.

Guild Road Industrial Park-Next Phase

• Land Use/ Master Planning Permit– Pre-application $16,500– Permit Application Cost $118,250– Final Construction Documents $47,500– Contingency @ 10% $18,225– Total Estimated Cost $200,475

Guild Road Industrial Park-Funding Options

• Funding options for Land Use/ Master Planning Permit– Cowlitz County .09 Rural Development Funds $1

million available- request of $50,000 due February/March

– CERB Planning- request of $50,000 or 25% of the total project cost due April 6

– EDA funding- request of $100,000 due – Currently in Port budget from reserves for the total

amount

Guild Road Industrial Park- Building Design

• Each building- the example shown is the Phase 1 23,000 square foot building- will include at grade docks

• Each building would have a design for an office space. The example provides a 2,000 square foot space.

• The building is a metal tilt up like the Down River Drive designs for five of the buildings.

• The example shown is estimated to cost $858,981 or $37.35 per square foot.

• A return on investment (ROI)for the building would be

Guild Road Industrial Park-Planning Level Cost Estimate

• Full Site Improvements is for all sites- $943,250• Site Improvements for Phase One Building

$685,525• Site Improvements for Phase Two Building

$298,000• Site Improvements for Final Phases depends on

the building selection (3- 25k foot or 1-45k foot building)

Phase One Building Example 23,000 square feet

Guild Road Office Space Example

Guild Road Industrial Park- Total Costs

• Land Use/ Master Planning Permitting $200,475

• Full Site Improvements $943,250• Building Costs Option 1: $3,473,481• Building Cost Option 2: $4,593,971• Total Option 1: $4,617,206• Total Option 2: $ 5,737,696

Guild Road Industrial Park-Total Cost Funding Options

• CERB Funding $ 300,000 grant + $1.7 million loan

• EDA Funding $1.5 million grant limit (for construction)

• Cowlitz County .09 Rural Development• USDA Infrastructure Funding for

telecommunications, storm water, sewer, etc.