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 City of Solana Beach
Section 2
Shoreline and Coastal Bluff Management Strategies Draft MEIR
Project Description
Table 2-4
Cost to Acquire Homes and Condominiums in 100-Year Retreat Zone
(Year 2002 Dollars)
Assumed Real Appreciation Rate:
0%
2.0%
Average Square Feet:
1,656
1,656
Single Family
1,242
1,242
Condominium
Without appreciation:
With real appreciation:
Single Family Homes
Cost Per
Year
# Single Family
Cost Per S.F.
Total Cost
S.F. Total Cost
2002
0
$694
$0
$694
$0
2004
0
$694
$0
$722
$0
2014
5
$694
$5,744,502
$880
$7,285,418
2024
5
$694
$5,744,502
$1,073
$8,880,883
2034
5
$694
$5,744,502
$1,307
$10,825,747
2044
5
$694
$5,744,502
$1,594
$13,196,526
2054
5
$694
$5,744,502
$1,943
$16,086,491
2064
5
$694
$5,744,502
$2,368
$19,609,343
2074
5
$694
$5,744,502
$2,887
$23,903,680
2084
5
$694
$5,744,502
$3,519
$29,138,452
2094
5
$694
$5,744,502
$4,290
$35,519,610
2104
5
$694
$5,744,502
$5,229
$43,298,207
50
Total
$57,445,021
Total $207,744,357
Condominiums
Cost Per
S.F.
Year
# Townhouses
Cost Per S.F.
Total Cost
Total Cost
2002
0
$635
$0
$635
$0
2004
14
$635
$14,725,006
$661
$11,486,758
2024
14
$635
$14,725,006
$982
$17,068,718
2044
14
$635
$14,725,006
$1,459
$25,363,216
2064
14
$635
$14,725,006
$2,168
$37,688,405
2084
13
$635
$13,673,220
$3,222
$52,002,774
2104
0
$635
$0
$4,787
$0
69
Total
$72,573,246
Total
$143,609,871
Source: San Diego Regional Chamber of Commerce and Economics Research Associates
Table 2-5
Cost to Relocate Residents in 100-Year Retreat Zone
(Year 2002 Dollars)
Estimated Relocation
# of Homes
Total
Cost Per Home
Cost Per Single Family Home
$100,000
50
$5,000,000
Cost Per Condominium
$50,000
69
$3,450,000
$8,450,000
Source: Economics Research Associates
Project No. 323530000
Page 2-42
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