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0 EXECUTIVE SUMMARY DRAFT COPY <br />Summary & Key Projections <br />Based on analysis results, a summary of key cost/benefit projections for a Youth and Amateur Sports Complex in Mounds View <br />associated with its construction and annual operations is presented below (upon stabilization of operations, assumed to occur by <br />the fourth full year of operations). <br />ANNUAL ANNUAL NON -LOCAL ANNUAL <br />ATTENDEE DAYS ATTENDEE DAYS HOTEL RM NIGHTS <br />901300 0 38,800 1,600 <br />ANNUAL FINANCIAL CONSTRUCTION CONSTRUCTION <br />is <br />OPERATING RESULTS - COSTS O ECONOMIC IMPACT <br />_ <br />$16;500 - $9.95M $8.4 M <br />ANNUAL ANNUAL ANNUAL <br />DIRECT INDIRECT/INDUCED ECONOMIC <br />O SPENDING SPENDING OUTPUT <br />$3.1 M + $2.1 M - $5.2M <br />ANNUAL ANNUAL 0 ANNUAL <br />PERSONAL EMPLOYMENT TOURNAMENT & <br />gs INCOME (FULL&PART-TIME JOBS) PRACTICE HOURS <br />$2.1 M 69 3,970 <br />In addition to the quantifiable projections of utilization, financial operations and economic impacts shown above, there are a <br />number of potential benefits associated with a Youth and Amateur Sports Complex in Mounds View that cannot be quantified. In <br />fact, these qualitative benefits tend to be a critical factor in the consideration of public and private investment in facilities of this <br />nature. These qualitative impacts/benefits may include: <br />• Potential transformative and iconic effects. <br />• Enhanced quality of life for community residents. <br />• Additional programmable space for Mounds View Community Center. <br />• Inducement of follow-up visitation. <br />• Spin-off development. <br />• Anchor for revitalization of targeted areas within a community. <br />• Various other benefits. <br />CS, L Feasibility Study of a Potential new Youth and Amateur Sports Complex in Mounds View, Minnesota • Page 10 <br />