Feasibility

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UDECC’s Feasibility Study will provide essential data needed by each partner institution in making its collocation decision. The scope of the feasibility study will include:

  1. Proposed ownership and governance structure.
  2. Draft of legal commitment between partner institutions.
  3. Building program.
  4. Project schedule.
  5. Project budget estimate.
  6. Conceptual architectural plan.
  7. Resolution of site control.
  8. Market analysis for tenant space.
  9. Preliminary environmental assessment of site.
  10. Proposed strategy for project financing.
  11. Assessment of market for existing church properties.
  12. Development pro forma (economic analysis).

Based on this report, each participating congregation will resolve for itself the question of whether it chooses to continue its involvement, advancing with its neighbor congregations into the next phase of the project.