The application documents shall describe the costs of construction or improvement of the racetrack facilities. The disclosure required under §A of this regulation shall state whether each item is a fixed cost or a projection, and shall include the costs of: Architectural and engineering services; Land acquisition; Site development; Facility construction; Equipment acquisition; Capitalized interest; Loan placement fees and other guarantee fees; Any other financing costs relating to construction; Administrative services relating to construction; Legal services relating to construction; and Other areas relating to construction, providing details of any costs exceeding 5 percent of the total cost of construction. The application documents shall describe the costs of operating the facility and the association before the first day of racing, including the costs of: Promotion and advertising; Application development; Application fees; Licensing fees; Management, administrative, and other salaries; Interest and other financing costs not related to construction; and Other areas relating to operations, providing details of any costs exceeding 5 percent of the total costs.