WSHP Covered Arena & Associated Build-Out-Cle Elum

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The development of a covered arena was included in the Park's original master plan prepared with input from potential users groups and made publicly available to stakeholders.It was included in the Environmental Impact Study and Development Agreement approved by the City. As the Park's landlord,we partner closely with the Authority and have had several recent discussions about the covered arena project. Over the past 18 months,the Authority has solicited input from current and prospective user groups and coordinated with them on project design details.The covered arena project described in this application has generated much support and enthusiasm from throughout the horse community thanks to its scope and attention to details that make it highly functional and attractive.Letters of support from current and prospective user groups,the City,County,and other stakeholders are attached. 5.Studies:Please attach any feasibility or other studies that demonstrate linkages between the proposed project and the anticipated tourism impacts.Also please include your operations/maintenancestrategy and other plans for long-term project sustainability (how the facility or facilities will be operated and maintained over at least five years following completion). Attached is the Financial Feasibility and Economic Impact study conducted by professors at Central Washington University in 2006.The study is based on other major equine facilities the vast majority of which have covered and/or indoor competition space.Page 6 of the Addendum describes The Facility and states "the key facility on the site will be a 200 x 300 foot covered arena with a 175 x 300 foot open arena".Our current thinking on the dimensions has changed slightly,but the need remains central to the Park's operations and strategy. The Horse Park completed its sixth full season of operations in 2016,and has grown to host 40 events annually in a wide range of activities with up to 300 horses participating in shows running from one to seven days for English and western disciplines.People are drawn to the Park's first class facilities,convenient location and beautiful setting.Since its inception,the Park has sustained itself through operating revenue and an array of private and public support as summarized in the following chart: Source 2009 2010 2011 2012 2013 2014 2015 2016 j TOTAL state Capital Budget Grant $3.500,000 $3,500,000 Kittitas County &Municipalities Lodging Tax Grant:Marketing Operations $42,200 $20,000 $27 500 $20,000 $20,000 $20.000 $149,700 Kittitas County Lodging Tax Grant:Capital Project i 41.500 5 41,500 Kittitas County Distressed 5ales &Use Tax Funding(Rural Counties)I $60 000 $60,000 OperatingRevenues 5 16.000 $53.000 $167.300l$190200 $254.700\S29.300 $336.000 $L280400 bonations.MembershiosandSponsorships $15.800 $71.850 $88,900 $125.900 $99.oool$104,500 5155,000 $660,950 RestrictedDonations:Capitallmorovements $12.750 $55.900 $96.730 $243.855 $90.640 $14.600 $69.400 $583.875 InKind Donations $4.500 $16 100 $20_500 $28.100 $26.500 $10 500 $23.000 $129,200 Volunteerism $23,000 $51267 $25967 $21,367 $35,926 $26,725 $34,086 $47.650 $265,988 Other Grants S 3.500 5 3.500 TOTAL $3.523.000 $100.317 $265.017 $418.297 $651.481 $559.065 $466.986 $691.050 $6.675.213 The following chart summarizes the user metrics and economic impact of the Horse Park to date.The measurement process includes gathering zip codes from all Park users,on-site surveys,the Dean Runyan Report provided by Washington Tourism Alliance,and discussion 6