Project Financial Summary





 

Project Overview

Project Finalized or Unfinished ETA Detailed Overview Link To Financial Notes
City Center Finalized 1/3/2025 The City Center Incomplete Need to detail and get nickel and dime reports for where every dollar will be spent
Cannabis Farm Finalized 1/2/2025 The Cannabis Farm Incomplete Need Letter Of Intent
Emu Farm and AG Unfinished 2/2/2025 NA Incomplete Not started but will soon!
Paper Mill Unfinished NA NA Incomplete Not started. Idea to show that future developments will be shown here!
Housing Development Unfinished 3-6 months from 1/1/2025 NA Incomplete Trying to contact several different options for development of neighborhoods

 

Project Combined Financial Overview






Successville Project Budget


Successville Project Budget Overview

Category City Center ($48.5M) Cannabis Farm ($15M) Total ($63.5M)
Land Acquisition $1,000,000 $500,000 $1,500,000
300-ft Wells and Pumps $200,000 $200,000 $400,000
City Water Purification $2,000,000 N/A $2,000,000
Solar Farm Installation $4,500,000 $2,500,000 $7,000,000
Infrastructure Development $13,500,000 $3,000,000 $16,500,000
Building Construction $18,000,000 $4,000,000 $22,000,000
Licensing and Compliance $750,000 $1,500,000 $2,250,000
Operational Costs (2 Years) $6,800,000 $2,500,000 $9,300,000
Contingency Fund $1,750,000 $800,000 $2,550,000
Total Costs $48,500,000 $15,000,000 $63,500,000

Detailed Breakdown

City Center ($41.5M)

  • Land Acquisition ($1M): Purchase of 100 acres at an average price of $10,000 per 10 acres. This land will accommodate all planned facilities, including residential, commercial, and essential services.
  • 300-ft Well and Pump ($200,000): Includes drilling and installing a high-capacity pump to provide a reliable water source for residential and industrial use.
  • City Water Purification ($2M): Installation of a state-of-the-art water purification system to ensure clean water for all residents and facilities.
  • Solar Farm ($4.5M): A 2 MW solar energy system to power the city and reduce dependence on external energy grids. Surplus energy will be sold back to the grid to generate revenue.
  • Infrastructure Development ($13.5M): Construction of roads, sewage systems, electrical grids, and high-speed internet to create a functional and connected city.
  • Building Construction ($18M):
    • Community Center: A multi-purpose facility for social events, workshops, and public meetings.
    • Large Event Space: A venue for conferences, job fairs, and cultural celebrations, with a capacity of up to 1,000 attendees.
    • Hostel: A small-scale housing facility offering affordable temporary accommodations for new residents and visitors.
    • City Office Building: Administrative offices for city management, including HR, legal, and public service operations.
    • Police and Fire Stations: Fully equipped facilities to ensure public safety, including training spaces and emergency response units.
  • Operational Costs (2 Years) ($6.8M): Salaries for city employees, maintenance of infrastructure, and funding for community programs and services.
  • Licensing and Compliance:
    • City Incorporation ($250,000–500,000): Petition to incorporate as a city through the Local Agency Formation Commission (LAFCO) of San Bernardino County. Includes legal and administrative fees for drafting incorporation documents, public consultations, and environmental impact assessments. Timeline: 1–2 years.
    • Zoning Changes ($50,000–200,000): Amending zoning regulations to permit cannabis cultivation and city development. Costs cover engaging land-use planners and attorneys to navigate county regulations.
  • Contingency Fund ($1.75M): Reserved for unforeseen expenses and project overruns.

Cannabis Farm ($15M)

  • Land Acquisition ($500,000): Purchase of 50 acres at an average price of $10,000 per 10 acres, designated for cultivation and processing facilities.
  • 300-ft Well and Pump ($200,000): Dedicated water supply to meet the irrigation and operational needs of the farm.
  • Solar Farm ($2.5M): A 1 MW system to ensure sustainable and self-sufficient energy for farm operations.
  • Infrastructure Development ($3M): Construction of access roads, irrigation systems, and connections to utility networks.
  • Building Construction ($4M):
    • Cultivation Facilities: Greenhouses and controlled environments for year-round cannabis production.
    • Processing Areas: Dedicated spaces for drying, curing, and packaging products.
    • Administrative Buildings: Offices for farm management and staff operations.
  • Licensing and Compliance ($1.5M): Fees for obtaining cultivation permits and meeting state and federal regulations.
  • Operational Costs (2 Years) ($2.5M): Salaries for staff, equipment maintenance, and day-to-day operational expenses.
  • Contingency Fund ($800,000): Reserved for unexpected costs or regulatory changes.