Kittitas Valley Event Center Barns & Bloom Pavilion Project-Kitt Co

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phase 4 =11-20 years Center being able to match the annual payments proposed in the developer/concessionaire agreement. Development cost totals by phase were arranged to meet significant site and building functional priorities as well as distribute costs to North Stalling Barn #27 -could also be initiated in the first or match likely revenues possible from a mixture of lodging tax,user second phase subject to the Event Center cash flow requirements. fees,levies,and bonds -subject to voter approval where required. South Stalling Barn #28b -will depend on a resolution of Wilson Development costs by phase Creek's ultimate alignment. 1 (1-3 yrs)2 (4-6 yrs)3 (7-10 yrs)4 (11-20 yrs) $8,228,925 $7,242,345 $3,471,525 $1,890,000 Exhibition Hall #25 and Indoor Arena #26b -will depend on an economic feasibility study of market potentials as well as cash flow Development costs for the developer/concessionaire projects will requirements that could be proposed by a depend on the financial terms the successful team proposes for the developer/concessionaire. County to lease-to-own or lease/back and any revenue sharing options with the developer/concessionaire during the life of the Lad acquisítions agreement.All proposed projects are on Kittitas County owned land with the exception for the resolution of due diligence for the acquisition of Development costs could vary significantly if the developer team Shady Brook Mobile Village and of the ultimate purchase of the uses a design/build process that reduces labor costs,shortens residential property for Stalling Barn 1 #7 adjacent to Bloom schedules,and reduces interim construction financing costs.Pavilion if and when the property owner should be interested. Without considering such savings,the potential maximum costs could be as follows:The County will eventually acquire the remaining residential properties located between East 8th Avenue,Maple Street,and East Site improvements Cost Ph University Way to expand and complete the proposed parking lots. 12 RV Park $400,950 1 13 RV Park Lodge $421,875 1 Land acquisition costs have not been estimated but are assumed to 23 Festival Hall/Bowling Alley $1,350,000 1 be for assessed land values if and when private property owners 24 Fair Gateway -2 story $8,100,000 unk indicate an interest in selling and the County has sufficient 25 Exhibition Hall $10,125,000 unk available funds. 26b Indoor Arena -Ultimate $20,250,000 unk 27 North Stalling Barn $775,575 2 28b South Stalling Barn phase 2 $675,000 4 Total $42,098,400 RV Park and Lodge #13 and #23,and the Festival Hall/Bowling Alley #24 -could be initiated in the first phase subject to the Event 36