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Despite these impressive accomplishments,the Park is unable to meet today's mark¢tplace <br />requirements for protection from the weather and greater capacity.All of the Park's urrent facilities <br />are outdoors;the only shelter is a 30x30'tent for people and stalls for horses.When c nditions are wet, <br />participants and footing suffer.(For example,in 2016 rain in June caused many riders te cancel from one <br />of our largest shows,and all three events booked for October cancelled due to weathed.)This hurts the <br />Park's reputation and revenues,and strains our relationship with organizers.But equa y,when <br />conditions get extremely sunny/hot/windy,participants,horses and cattle need protec ion.And finally, <br />in today's competitive environment,many trainers and show organizers demand a con rolled <br />atmosphere -free of outdoor distractions -to ensure a focused,positive experience fo their riders. <br />Why should the State support this project with a $2m appropriation at this time?Th Park currently <br />generates about $3m in economic benefits each season,but we are unable to increase that amount <br />without growing our current biggest shows and adding more large multi-day events.Te latter category <br />is generally controlled by experienced organizers who will not try a new venue unless t ey can manage <br />risks such as weather impacts.We believe this $2m investment will enable us to build high quality <br />covered arena,and add another $3m of annual economic impact in 5 years,which will r peat each year. <br />In addition,this project will provide sustainable operating revenues for the Park and be ter serve the <br />State's large and diverse horse community which is our mission. <br />We believe the Horse Park has proven its value and ability to sustain itself.But in order to thrive,we <br />need the covered arena.We strongly request and urge you to fund this important project,and are very <br />grateful for support from the State for this very unique public-private partnership. <br />Sincerely, <br />Leslie M.Thurston <br />Executive Director,on behalf of the Authority Board