Laserfiche WebLink
of growth rates of numbers and types of shows, entries, revenues, and costs. In <br />Scenario 3, which we believe will be the most likely scenario, the park operates at an <br />eighty thousand dollar per year loss, despite assuming augmented revenues of <br />$100,000 per year from non -equestrian events. Scenario 2, which assumes a much <br />higher and likely unrealistic rate of facility use, results in net revenues of approximately <br />one hundred fifty thousand dollars per year. The key financial findings of these two <br />scenarios are; <br />o Maximum use of the facility is reached in the sixth year. Scenario 2 breaks <br />even in the sixth year. <br />G Accumulation of 1,4 million dollars in losses by the end of the tenth year in <br />Scenario 3. Scenario 2 accumulates one million dollars in losses prior to <br />break-even. <br />Net revenues losses of $74,726 when the facility reaches maturity in year six <br />for Scenario 3. Scenario 2 projects net revenues at maturity In year seven of <br />$140,802. <br />For Scenario 3, annual revenues at maturity will'be $549,316 and annual <br />expenses will be $724,042. For Scenario 2 these values are respectively. <br />$915,527 and $774,725. <br />69,357 exhibitors and spectators will use the facility annually when the facility is <br />at maturity. <br />For either Scenario, it will be necessary to waive property taxes on the facility <br />and to create a capital funding approach which requires no direct repayment <br />from operating revenues. <br />49 <br />