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Agenda Packets - 2021/11/01
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Agenda Packets - 2021/11/01
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1/28/2025 4:50:50 PM
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10/29/2021 11:47:57 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
11/1/2021
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City Council Document Type
Packets
Date
11/1/2021
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Mr. Nyle Zikmund <br />October 25, 2021 <br />Page 6 of 7 <br />The multipliers, specific to Mounds View and provided by leading input/output multiplier models, will be used to estimate <br />total economic output, earnings and employment generated as a result of a new youth and amateur sports complex. <br />From these economic impact variables, we will apply appropriate local, regional and statewide tax rates to estimate the <br />added tax revenue generated. <br />In addition to the quantitative benefits outlined, we will discuss the quality -of -life and other qualitative benefits associated <br />with development of a new youth and amateur sports complex in Mounds View. Recreational and other community uses <br />of similar event space in comparable national markets will be presented to offer real world examples of successful <br />integration of various facility components. Further, we will rely on our extensive outreach and community survey results <br />to provide real-time feedback to the City and other community stakeholders on important considerations that impact the <br />decision -making process. <br />The completion of the economic and fiscal impact analysis will allow for a comparison of key costs and benefits <br />associated with the development and operation of each identified development scenario for a youth and amateur sports <br />complex in Mounds View. Importantly, costs and benefits of each independent scenario will be comparatively evaluated <br />to allow City representatives, project stakeholders and the greater Mounds View community assess issues related to <br />return on investment and overall community benefit. We will present estimates of economic impacts associated with <br />facility operations for the first few years of operations through a stabilized year. <br />Task 9. Preparation and Presentation of Final Report <br />In this final task, we will prepare a written report summarizing our findings and conclusions. We will summarize these <br />matters in a draft report, including an executive summary, which will be submitted to you prior to finalizing the document. <br />After comments are incorporated, we will issue a final written report summarizing all findings, conclusions and <br />recommendations. We will also conduct oral presentations of study findings for the City and other appropriate <br />stakeholders. <br />
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