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The chart below projects the measurable objectives and economic impact of the Park,with
<br />significant increases expected to occur in 2020 and beyond due to completion of the Covered
<br />Arena and Associated Build-Out and the related growth in the number and size of competitions.
<br />2017 2018 2019 2020 2021
<br />Recreational Riders
<br />Total #visitor days 1,300 1,400 1,500 1,800 2,200
<br />Non-local %70%70%70%67%65%
<br />Non-local #910 980 1,050 1,206 1,430
<br />Overnight #310 330 ¾5
<br />_
<br />400 572
<br />-expenditures @ $115/day avg._
<br />__
<br />$35,650 $37,950 $39,675 $46,000 $65,780
<br />Other non-local (day use)#600 650 705 806 858
<br />-expenditures @ $86/day $51,600 $55,900 $60,630 $69,316 $73,780
<br />Estimated economic impact:$87,250 $93,850 $100,305 $115.316 $139,560
<br />Events
<br />1-2-day Events:total #visitor days 1,800 1,900 2,200 2,300 2,600
<br />3-6 day Events:total #visitor days 30,000 32,000 33,500 40,000 52,000
<br />Total #visitor days 31,800 33,900 35,700 42,300 54,600
<br />Non-local%95%95%95%92%90%
<br />Non-local #30,210 32,205 33,915 38 49,140
<br />Overnight #21,147 22,544 23,741 26,852 32,924
<br />-expenditures @ $120/day avg.$2,537,640 $2,705,220 $2,848,860 $3,222,245 $3,950,856
<br />Other non-local (day use)#9,063 9,662 10,175 12,064 16,216
<br />-expenditures @$86/day $779,418 $830,889 $875,007 $1,037,501 $1,394,593
<br />Estimated economic impact:$3,317,058 $3,536,109 $3,723,867 $4,259,745 $5,345,449
<br />Total Estimated Economic Impact $3,404,308 $3,629,959 $3,824,172 $4,375,061 $5,485,009
<br />%Annual growth 16%7%_5%_14%25%
<br />The chart below reflects projected funding sources for ongoing maintenance and operations:
<br />Sources of Revenues for Ongoing Maintenance and Operations
<br />Projected income 2016 2017 2018 2019 2020 2021 2022 2023
<br />Revenues frorn events and shows $315,000 $330,000 $345,000 $360RO $400,000 $480,000 $550,000 $600,000
<br />Private fundraising for operations $140,000 $145,000 $150,000 $155,000 $175,000 $185,000 $195,000 $205,000
<br />Business sponsorships $15,000 $25,000 $35,000 $50,000 $65,000 $90,000 $100,000 $110,000
<br />In-kind support $25,000 $25,000 $30,000 $35,000 $40,000 $45,000.$45,000 $50,000
<br />Total $495,000.$525,000 $560,000 $600,000Ë $680,000 $800,000Ï $890,000
<br />N
<br />$965,000
<br />6.Project Readiness:Please provide a detailed project schedule,including milestones
<br />necessary for completion as mentioned in question 1 above.On the schedule,indicate
<br />items completed and exactly where in the schedule the project is at this time.Be sure to
<br />include expected completion date.
<br />8
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