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Orlando has outgrown its Citrus Bowl stadium and has not been invited to host the best of College Football Championship games because of it If

Orlando has outgrown its Citrus Bowl stadium and has not been invited to host the best of College Football Championship games because of it

If a public works project (a very long term commitment) was planned in Orlando to construct a new, permanent football stadium, and its initial cost was $900M

The new stadium yearly maintenance cost was $1M/year for years 1-10, growing to $2M/year thereafter

The new stadium required repainting every 10 years at a cost of $2.5M

The new stadium required a new grass surface every 5 years at a cost of $3M, and

The new stadium had a one time Bond payment cost of $15M in year 30

What is the Present Worth cost of this permanent project if city money is available to be borrowed at 5%?

What is the Annual amount/year Orlando will be committed to?

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