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Washington State Norse park <br />Funding Assumptions <br />1 Washington State Funding (WSF) <br />2 WSF has been to Fund major capital projects in two separate <br />appropriations. <br />a) Design <br />b) Construction <br />3 WSF or private funds will be used for working capital <br />Project Book Planning Assumptions <br />1 Event calendar Will be completed by September 30,20M <br />2 Economic study will be completed by November 30, 2006 <br />3 Economic study will be used to determine recommended design and <br />constructing completion. <br />4 Approval of Environmental Impact Statement will determine the start <br />of construction. <br />5 Completion of the project will be when the revenue exams the <br />Observations operating costs. <br />Schedule <br />1 The maximum hors event days will be over a 30 week period of time <br />Which Is based an weather <br />2 Earlier economic studies suggest a 5 year Perm before the <br />Projected revenue eroceeds theoperating costs. <br />1 Revised Project Book Completed by December 15, 2006 <br />2 WSF approved by January 2007 <br />3 Environmental impact Statement Engineering Contract awarded by <br />March 2007. <br />4 Site Planning Contract awarded by March 2007 <br />5 Design Contracb awarded by August 2007 <br />6 Site Planning compk3ted by June 2007 <br />7 E MronmWVWI Impact Statement computed by Feb 2008 <br />8 •Sita Development 138*608'cOmpleted by March 2008 <br />10 Bid arra Award Construction by April 2008 <br />11 Construction completed by november 2008 <br />Capital Funding Packages <br />Design <br />Amount <br />$1,800,000 <br />Year <br />2007 <br />Construction <br />$18,300,GW <br />2008 <br />Constftcapital <br />"00,000 <br />2009 <br />Working Capital <br />$300,000 <br />2010 <br />Wod dng Capital <br />$200,000 <br />2011 <br />Working Capital <br />$100,000 <br />2012 <br />Total $21,200,000 <br />