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and private sector organization,extending to both the developmentand <br />management/operationof the facility.Recommendations will be made as to how <br />best to combine these elementsin order for the horse park to best accomplish its <br />objectives. <br />Impact on Existing Equestrian Facilities -The Authority plans to create a complex <br />which will complementexisting equestrian operations,seeking out and satisfying <br />unmet market needs.It is expected that over the long run the operations of the <br />horse park will increase interest in equestrian eventsand activities throughoutthe <br />state and accordingly create additional business for existing operators. <br />Facility Summary: <br />The vision of the horse park is that of a primarily equestrian facility to be located on <br />property donated by Suncadia Resorts,located immediately off of l-90,near Cle Elum. <br />For this public-private partnership,Suncadia Resorts has donated a 106 acre parcel of <br />land,currently valued at approximatelyfive million dollars.It is proposed that this land <br />be developedin two phases.The first is a planning,preparation,and initial site <br />developmentphase that entails final planning,design,permitting approvals,and initial <br />land improvements.A request of $3,900,000 will be made in 2007 to fund Phase I. <br />Phase Il entails the construction of the remainder of the facility.Estimated costs for <br />Phase II is $15,434,600 in current dollars.The WSHP Authority intends to request <br />these funds from the State legislatureso that full project build-out will be completed in <br />2010.A detailed description of the facility and the funding request is included as <br />Appendix Ill. <br />13