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Everett &Assess potential for a capital campaign -including interest from <br />Spokane PFDs potential lead donors. <br />If Kittitas County were to consider changing its current ownership Contact operators of other potentially comparable event center <br />and organizational structure,the options likely to prove most venues -to assess interest and conditions for private sector <br />viable for consideration include:management. <br />•Transfer ownership and operation -from direct Kittitas County As needed,conduct market/feasibility assessment for planned <br />responsibility to a County-created Public Facilities District (PFD);major facilities -(exhibition hall,indoor arena,Bloom Pavilion <br />and/or upgrade,RV park)to assess likely changes in facility attendance <br />•Contract management -of some or all on-site facilities to a and participant involvement together with associated facility- <br />private operator based on a competitive Request for Proposal (RFP)specific income-expense projections. <br />process.Based on the results of the 7-step process it should be possible to <br />Next steps prepare a more detailed and refined capital funding budget with <br />explicit identification of sources and uses of funds accompanied by <br />overall facility annualized income-expense projections includingThefollowing7-step program is recommended for financial debt service.planning in conjunction with Event Center master plan <br />implementation:Regularly update the projections based on actual experience and as <br />Identify and more thoroughly vet -the best federal/state grant specific projects queue up for next phase implementation <br />funding opportunities available in the near term -matched to <br />specific improvement projects (or bundles or projects). <br />Begin discussions with local legislative delegation -and possibly <br />with other fairgrounds to assess potential for special state funding <br />(whether for Kittitas only as a facility of statewide significance or <br />for multiple fairground improvements statewide). <br />Assess capacity and priorities for debt financing -including <br />identification of lodging tax or other sources of repayment and <br />consistency with available debt capacity for Kittitas County or other <br />participating jurisdictions. <br />Test voter sentiment -for support of pivotal capital funding and <br />management options -including property tax levy or sales tax <br />increase to support event center and fairground investment <br />25