Economic Feasibility. The construction of the Project would not be undertaken by Xxxxxxxxx, and in the opinion of Developer would not be economically feasible within the reasonably foreseeable future, without the assistance and benefit to Developer provided for in this Agreement.
Economic Feasibility. The Snoqualmie Valley plays host to millions of tourists who come to be closer to nature and enjoy the charming towns tucked within. Annually, over 2 million people visit Snoqualmie Falls alone, which is located one half mile from the proposed site of the Pacific West Rail museum. Based on projected revenues and expenses prepared by our consultants Logic Inc, the museum could be profitable if even 2% of this traffic became paying customers. Break-even is forecast to be approximately 30,000 visitors, with a very reasonable target of 70,000 once established. Construction of the Pacific West Rail museum stands to benefit the City of Snoqualmie as well. The Northwest Railway Museum, an existing focal point of the local tourist scene, estimates annual visitors at 130,000. We believe there will be significant crossover in audience that increases traffic to both museums. Additionally, the proposed location of the Pacific West Rail museum is a strategic link that can help draw visitors from Snoqualmie Falls into the historic downtown core, providing an economic boost to other local shops and eateries.
Economic Feasibility. The Snoqualmie Valley plays host to millions of tourists who come to be closer to nature and enjoy the charming towns tucked within. Annually, over 2 million people visit Snoqualmie Falls alone, which is located one mile from the proposed site of the Pacific West Rail Museum. Based on projected revenues and expenses prepared by our consultants Logic Inc, the museum could be profitable if even 2% of this traffic became paying customers. Break-even is forecast to be approximately 30,000 visitors, with a very reasonable target of 70,000 once established. The construction of the Pacific West Rail Museum is also expected to benefit the City of Snoqualmie. The Northwest Railway Museum, already a major draw for tourists, estimates its annual visitors at 130,000, and we anticipate significant crossover between the audiences of both museums. Furthermore, the proposed location for the Pacific West Rail Museum aligns with Snoqualmie's rich rail history and tourism, helping to establish a railroad district in the heart of downtown. This development is likely to extend visitor stays, creating opportunities for local businesses, including shopping, dining, and accommodations.
Economic Feasibility. The parties agree they may re-open negotiations on compensation adjustments dependent upon economic feasibility. Indicators of economic feasibility may include for example, the Director OFM determines implementation of such adjustments is economically feasible and the legislature appropriates funding in accordance with applicable law; if a State initiative or referendum is submitted to the voters and is passed that specifically provides funding for general salary increases for higher education classified employees; or the University provides across the board salary increases to Civil Service staff.
44.11.1 If tentative agreement is achieved, the University will submit a request to the Office of Financial Management (OFM) for a finding of financial feasibility and, if such a finding is made, for approval and funding by the Governor and Legislature when necessary. Nothing in this Article obligates either party to agree to any proposal.
Economic Feasibility. (a) Tenant shall, for one hundred fifty (150) days (or such other period where indicated below for a particular matter) after the Effective Date ("Feasibility Period"), conduct such investigations as Tenant deems necessary or appropriate to determine, in Tenant's sole discretion, whether construction and operation of the Hotel is economically and operationally feasible. During the Feasibility Period Tenant shall have the right to satisfy itself regarding all matters bearing on the feasibility of the Hotel construction and operation, including but not limited to:
(i) Applicable laws, regulations and ordinances, including, without limitation, zoning laws and ordinances, which may have an impact upon the construction and operation of the Hotel;
(ii) Ingress and egress to and from the Leased Premises and other matters relating to vehicular traffic flow and control;
(iii) Water, soil and other conditions (including, but not limited to, potential methane and toxicity problems) affecting the Leased Premises; and
(iv) Estimates of Hotel Development Costs (thirty (30) days after Landlord's approval of Hotel Schematic Documents as set forth in Section 2.06).
(b) If Tenant determines during the Feasibility Period that the construction and operation of the Hotel is not feasible, Tenant shall give Landlord written notice to that effect, and the Lease shall automatically terminate without further liability to either party. If such notice is not given by the last day of the Feasibility Period (or such other period where specified above, if any, for a particular matter), development of the Hotel shall be deemed feasible, and Tenant's right to terminate the Lease for the reasons set forth in this Section 2.03 shall lapse and expire.
Economic Feasibility. Any development incentive granted shall contribute to the economic feasi- bility of providing the target units.
Economic Feasibility. Before submission of an application for approval of issuance of Bonds to the TCEQ, PUC or the Attorney General, the District’s financial advisor shall certify in writing to the City Secretary, City Manager, and Finance Director that the Bonds are being issued within the then-current economic feasibility guidelines established by the TCEQ or PUC for districts issuing bonds for water, sewer, drainage or road facilities in Xxxxxxx, Xxxxxx and Wise Counties.
Economic Feasibility. Buyer's determination, in its sole -------------------- and absolute discretion, of the economic feasibility of the Property for Buyer's intended ownership.
Economic Feasibility. Buyer's intended use and development of the Premises must be deemed by Buyer to be an economically feasible project in Buyer's sole discretion.
Economic Feasibility. During the Negotiating Period (as the Negotiating Period may be extended by the preceding subsection), the Developer and the Agency shall, from time to time, meet in good faith to review financial proformas delivered by the Developer to the Agency, pursuant to Section 3.6 below, to determine if economic conditions have improved to the extent that financing is available to the Developer, that such financing will provide a reasonable rate of return to the Developer for development of the Project (or any portion thereof as mutually determined by the parties), and to determine that the Project is otherwise economically feasible. In the event the parties determine that such financing is available and that the Project is otherwise economically feasible, then the Agency shall deliver a written notice to the Developer setting forth the parties agreement on such determination and, thereafter the parties shall complete the negotiation of the DDA for the Project (or the portion thereof) no later than one hundred eighty (180) days following the Developer's receipt of such written notice, or the expiration of the Negotiating Period (whichever is earlier).
