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Feasibility Study of a Potential New Youth and Amateur Sports Complex in Mounds View, Minnesota ●Page 10 <br />EXECUTIVE SUMMARYES <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 />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 />inclusive of three additional full-size basketball courts adjacent to the Mounds View Community Center,associated with its <br />construction and annual operations is presented below (upon stabilization of operations,assumed to occur by the fourth full year <br />of operations). <br />ANNUAL <br />PERSONAL <br />INCOME <br />$2.1M <br />ANNUAL <br />EMPLOYMENT <br />(FULL & PART-TIME JOBS) <br />69 <br />ANNUAL <br />TOURNAMENT & <br />PRACTICE HOURS <br />3,970 <br />ANNUAL <br />DIRECT <br />SPENDING <br />$3.1M <br />ANNUAL <br />INDIRECT/INDUCED <br />SPENDING <br />$2.1M <br />ANNUAL <br />ECONOMIC <br />OUTPUT <br />$5.2M+= <br />SUMMARY OF ESTIMATED KEY PROJECTIONS ASSOCIATED WITH <br />A NEW YOUTH AND AMATEUR SPORTS COMPLEX IN MOUNDS VIEW, MINNESOTA <br />(Operating Impacts Reflect Annual Impacts Upon Stabilization, Assumed Fourth Full Year of Operations) <br />ANNUAL NON-LOCAL <br />ATTENDEE DAYS <br />38,800 <br />ANNUAL <br />ATTENDEE DAYS <br />90,300 <br />ANNUAL FINANCIAL <br />OPERATING RESULTS <br />$16,500 <br />ANNUAL <br />HOTEL RM NIGHTS <br />1,600 <br />CONSTRUCTION <br />ECONOMIC IMPACT <br />$8.4M <br />CONSTRUCTION <br />COSTS <br />$9.95M