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5. Construction Phase:
<br />Esdmsted Start Date: Fall 2018 Estimated End Date: 2019
<br />Please explain phase status (work already completed, in progress, awaiting funding, etc., and
<br />factors that may slow phase progress).
<br />The project is phased to meet funding requirements of the State, to speed the erection of the facility itself
<br />with minim.al amenities to start events. Additional amenities, relocation of maintenance facilities,
<br />additional seating, and other aspects of the project await confirmation of additional funding.
<br />Below are details of the costs associated with Phases I and II of the project:
<br />Covered Arena Project Expenses
<br />Real ProDertvor "Riaht-o~WIIY" Acqullltlon Cost C.pltal A•t Cost
<br />.Acciulsltlon of8-ecre parcel from New Suncadla LLCfor parkin1 $150,000 $150,000
<br />Capital Asset Cost:
<br />Covered Arena Construction Cost or "Hard" Costs lOTAL Phase I Phase II
<br />Site Preparation and drainage $65,000 $65,000
<br />Metal building ($28.50/sfx 60,000 sf) $1,710,000 $1,710,000
<br />Porch at sable ends ($24/sfx 9,600 sf) $230,400 $230,400
<br />Foundations $185,000 $185 000
<br />Meehan I cal $35,000 $35,000
<br />Electrlcal and engineering $250,000 $250,000
<br />Fencing $50,000 $50,000
<br />Arena footl ng $200,000 $200,000
<br />Translucent panels (skvl lght) $450 000 $450,000
<br />Landscapin1 $40,000 $25,000 $15 000
<br />Portable bleachers $60,000 $60,000
<br />Weather screens $55,000 $55,000
<br />Restrooms $200,000 $200,000
<br />Additional ~arking land-clearlngand construction $75,000 s1s,00Q
<br />Relocation of maintenance area (utilities, landclearlng, site development) S1s5oon ~, c;r; nnn
<br />Subtotal $3,761,400 $3,356,400 $405,000
<br />Conti nency (5") $188,070 $167,820 $20,250
<br />WSST(8%) $315,958 $281,938 $34,020
<br />Total Construction $4,265,428 $3,806,158 $459,270
<br />Soft Costs
<br />3%AdministrativeCoston $2.0MM state funding $60,000 $60,000
<br />Project Mana1ement $100,000 $60,000 $40,000
<br />Permit Fees $15,000 $15,000
<br />Architectural and Structural Design Fees ti:;n_ooo
<br />-
<br />c~n nnn ~,o ooo
<br />Total Soft Costs $225,000 $165,000 $60,000
<br />'Total Project Costs $4,640,428 $3,971,158 $669,270
<br />A combination of private and corporate donations and public funding sources will fimd the project.
<br />These, too, are phased to ( a) fast-traek the building of the arena itself and (b) accommodate grant
<br />application and funding timing miuirements.
<br />Washington State Horse Park Distressed County Sales and Use Tax Onmt Application pg7/25
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