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Table X - 18 <br /> 2025 Demand and Cost Forecast <br /> Calculation Component Forecasted Demand <br /> 2025 Unincoporated County PopulationM 13206 <br /> Regional Parks : <br /> Adopted LOS Standard (Acres per 1 , 000 Residents)(z) 6 . 22 <br /> 2025 Required Acreage(3 ) 825 . 37 <br /> Existing Acreage(4) 551 . 39 <br /> Additional Regional Park Acreage Needed(51 273 . 98 <br /> Cost per Acre(6) $ 140 , 135 <br /> Total Cost for Regional Parks �'� $389394, 187 <br /> Community and Neighborhood Parks : <br /> Adopted LOS Standard (Acres per 1 , 000 Residents)(2) 0 . 39 <br /> 2025 Required Acreage(3 ) 51 . 750 <br /> Existing Acreage(4) 34 . 890 <br /> Additional Regional Park Acreage Needed ' ) 16 . 86 <br /> Cost per Acre(6) $ 1363040 <br /> Total Cost for Community and Neighborhood Parks (7) $2,293, 634 <br /> Total Cost for Community and Neighborhood Parks(8) $4096879821 <br /> ( 1 ) Source : Section II , Table II- 1 <br /> (2 ) Source : Table X-2 <br /> ( 3 ) Required 2025 acreage for each parks type , based on existing LOS and 2025 population . <br /> (4) Source : Table X- 1 <br /> ( 5 ) 2025 required parks acreage ( Item 3 ) less existing parks acreage (Item 4 ) for each park type . <br /> (6) Sum of the total cost per acre for land ( Source : Table X-6 ) and equipment ( Source : Table X-7 <br /> for regional park equipment and Table X- 8 for neighborhood park neighborhood park <br /> equipment) . <br /> ( 7 ) Total cost per acre (Item 6) multiplied by additional acreage needed (Item 5 ) for each <br /> respective park type . <br /> ( 8 ) The sum of the total cost for regional parks and the total cost for community and <br /> neighborhood parks . <br /> As presented in Table X- 18 , the County will need an additional 274 acres of regional <br /> parks and 51 . 8 acres of neighborhood/community parks by 2025 . This would require an <br /> investment of $40 . 7 million , of which $ 5 . 8 million has been programmed for the next <br /> five years . <br /> Estimated Revenues <br /> Based on the growth population projections provided by the IRC Comprehensive Plan <br /> and impact cost per resident calculated in Table X - 15 , it is estimated that the parks and <br /> recreation impact fee revenues through 2025 will generate $26 . 3 million . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 X-24 Impact Fee Study <br />