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0 EXECUTIVE SUMMARY DRAFT COPY <br />Cost / Benefit Analysis <br />An analysis was completed to produce key cost/benefit estimates associated with a potential new Youth and Amateur Sports <br />Complex in Mounds View, Minnesota. Performance estimates for the Youth and Amateur Sports Complex have been presented over <br />a 20-year projection period. For purposes of this analysis, construction is assumed to commence during 2023 and be completed in <br />2024, while the first full year of operations is assumed to be 2025. A stabilized year of operation is assumed to occur by the fourth full <br />year of operation (assumed 2028). The assumptions used in this analysis are based on the market research and analysis, past <br />experience with hundreds of similar sports facility projects, local market visits and City and stakeholder -provided data, industry trends, <br />knowledge of the marketplace, and use/financial results from comparable facilities. These estimates are designed to assist project <br />representatives in assessing the financial and economic effects of a new Youth and Amateur Sports Complex and cannot be <br />considered a presentation of expected future results. Accordingly, the analysis of potential financial operating results and economic <br />impacts may not be useful for other purposes. The assumptions disclosed herein are not all inclusive but are those deemed to be <br />significant. Because events and circumstances frequently do not occur as expected, there usually will be differences between <br />estimated and actual results and these differences may be material. <br />A detailed utilization model was developed to consider a large number of variables and inputs to analyze each sport/use for a <br />potential Youth and Amateur Sports Complex in Mounds View. For instance, when considering different types of usage (i.e., use from <br />local leagues/clubs versus non -local tournaments/meets versus clinics/camps/lessons versus open recreation, etc.), separate <br />assumptions were used to generate usage and attendance (participants and spectators) estimates. The exhibit below presents a <br />summary of key utilization levels associated with a Youth and Amateur Sports Complex in Mounds View, pursuant to the previously <br />outlined facility program and assumptions. <br />LEAGUE TEAMS <br />Basketball <br />10 <br />12 <br />14 <br />18 <br />342 <br />Volleyball <br />24 <br />30 <br />36 <br />40 <br />770 <br />Indoor Spring Sports <br />0 <br />0 <br />0 <br />0 <br />0 <br />Total <br />34 <br />42 <br />50 <br />58 <br />1,112 <br />LEAGUE GAMES <br />Basketball <br />80 <br />96 <br />112 <br />144 <br />2,736 <br />Volleyball <br />240 <br />300 <br />360 <br />400 <br />7,700 <br />Indoor Spring Sports <br />0 <br />0 <br />0 <br />0 <br />0 <br />Total <br />320 <br />396 <br />472 <br />544 <br />10,436 <br />TOURNAMENTS <br />Basketball <br />15 <br />17 <br />19 <br />20 <br />391 <br />Volleyball <br />9 <br />11 <br />13 <br />16 <br />305 <br />Indoor Spring Sports <br />0 <br />0 <br />0 <br />0 <br />0 <br />Total <br />24 <br />28 <br />32 <br />36 <br />696 <br />TOURNAMENT GAMES <br />Basketball <br />1,000 <br />1,160 <br />1,320 <br />1,360 <br />26,600 <br />Volleyball <br />360 <br />504 <br />576 <br />672 <br />12,864 <br />Indoor Spring Sports <br />0 <br />0 <br />0 <br />0 <br />0 <br />Total <br />1,360 <br />1,664 <br />1,896 <br />2,032 <br />39,464 <br />CAMPS & OTHER RENTALS <br />Basketball <br />60 <br />72 <br />84 <br />84 <br />1,644 <br />Volleyball <br />20 <br />32 <br />40 <br />40 <br />772 <br />Indoor Spring Sports <br />24 <br />24 <br />24 <br />24 <br />480 <br />Private Rentals/Practices/Drop-in <br />1,500 <br />1,580 <br />1,710 <br />1,790 <br />35,220 <br />Total <br />1,604 <br />1,708 <br />1,858 <br />1,938 <br />38,116 <br />C1 <br />.,,iS Feasibility Study of a Potential new Youth and Amateur Sports Complex in Mounds View, Minnesota • Page 8 <br />