|
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 #9 980 1,050 1,206 1,430
<br />|Overnight #310 330 345L 400 572
<br />-expenditures @ $115/day avg.$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 <0,000 52,000
<br />Total #visitor days ¯11,800 33.900 35.700 42.300 54.600
<br />Non-local%95%95%95%92%90%
<br />Non-local #30,214 32,205 33,915 38,916 49,140
<br />Overnight #_21,147 22,544 23,741 26,852 32,924
<br />-expendllures @ $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 53,536,109 $3,723,867 $4,259,745 $5,345.449
<br />Total Estimated Economic impact $3,404,308 $3,629,959 $3,824,172 $4,375,051 $5,485,009
<br />%Annual growth
<br />¯1E 7%5%14%25%
<br />The chart below reflects projected funding sources for ongoing rnaintenance and operations:
<br />Souttes of Ileventies for Orig0htg Maintenance a;1tl Opt•rmloris
<br />Projected Income 2016 2017 2018 2019 2020 I 2021 2022 2023
<br />Ifrevenues from evenr.s and shows ?.315.000 $330.000 i 945.00U $300,000 5400,000 3480,000 90.00g 5400,(mi.!
<br />Prkatetuniltaisttigjt.friperrittons $1/IA,fMM1$1ah,000 50.00 SlV·,tlOli $17.,000 $3115,fliid $1%.000 $705.000
<br />Busmess sponsorships $35.000 $25,000 $35,000 $50.000 $65,01B 590.000 $100,000 5110.000
<br />lin-elnd supporr $25,000 32%000 $30,000 Sis.ûnn 540,000 545.000 _$45.000 .$50.000
<br />Total $495,000 $525,000 $560,000 $600.0006 $(iBO,000 $800.000 $$90.000 $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
|