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Table X- 18 <br /> 2025 Demand and Cost Forecast <br /> r <br /> 2025 Unincoporated County Population( ) 112 ,349 <br /> Regional Parks : <br /> Adopted LOS Standard (Acres per 1 , 000 Residents)(2) 6 . 79 <br /> 2025 Required Acreage(3 ) 762 . 9 <br /> Existing Acreage(4) 551 .4 <br /> Additional Regional Park Acreage Needed(5) 211 . 5 <br /> Cost per Acre(6) $ 136 , 798 <br /> Total Cost for Regional Parks (7) $281934,240 <br /> Community and Neighborhood Parks : <br /> Adopted LOS Standard (Acres per 1 , 000 Residents)(2) 0 . 43 <br /> 2025 Required Acreage(3 ) 48 . 3 <br /> Existing Acreage(4) 34 . 9 <br /> Additional Regional Park Acreage Needed(5) 13 .4 <br /> Cost per Acre(6) $ 136, 040 <br /> Total Cost for Community and Neighborhood Parks (') $19824,298 <br /> Total Cost for Community and Neighborhood Parks(8) $3097589538 <br /> ( 1 ) Source : Section II, Table 11- 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 211 . 5 acres of regional <br /> parks and 13 .4 acres of neighborhood/community parks by 2025 . This would require an <br /> investment of $ 30 . 76 million, of which $ 5 . 8 million has been programmed for the next <br /> five years . <br /> Estimated Revenues <br /> Based on the medium growth population projections provided by BEBR and impact cost <br /> per resident calculated in Table X- 15 , it is estimated that the parks and recreation impact <br /> fee revenues through 2025 will generate $20 . 31 million (see Table X- 19) . <br /> vftle <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 X-24 Impact Fee Study <br />