KVEC RODEO GRANDSTANDS LARGE CAP APPLICATION

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V. Feasibility and Risk Management 1. Feasibility The feasibility of the Ellensburg Rodeo Grandstands project is strongly supported by a foundation of thorough planning, professional expertise, and secured funding, all of which contribute to a high level of confidence in the project's successful and timely completion. This multi -faceted approach ensures that the grandstands redevelopment can move forward efficiently, with minimal risk of delays or budgetary shortfalls. Comprehensive studies and planning efforts have played a critical role in laying the groundwork for success. Architectural and engineering assessments have confirmed that the proposed construction timeline of 9 to 10 months is both realistic and achievable. The design team has integrated efficient construction techniques and scheduling strategies that aim to minimize disruption to surrounding activities while maximizing productivity. This level of planning helps ensure that each phase of the project proceeds smoothly and on schedule. Financial readiness is another key factor in the project's feasibility. The grandstand redevelopment is supported by a solid mix of committed funding sources, including state grants, contributions from local partners, and revenue generated by the Ellensburg Rodeo and other events. This financial backing ensures that the project can proceed without the risk of unexpected funding gaps, allowing work to progress without interruption. Regulatory compliance has also been carefully considered throughout the planning process. Permitting requirements and environmental assessments have been addressed in advance, significantly reducing the risk of administrative delays once construction begins. By incorporating these critical steps early in the process, the project team has created a streamlined path forward, avoiding common bureaucratic hurdles that can slow down large-scale developments. The team behind the project further strengthens its feasibility. The involvement of experienced architects, engineers, and contractors —each with a proven track record of delivering successful stadium and large -venue projects —provides assurance that the work will meet high standards of quality, safety, and efficiency. Their collective expertise enhances the project's overall credibility and reduces the likelihood of complications during construction. In addition, the project is construction -ready. Preliminary site preparation and strategic procurement of materials are already underway to prevent supply chain disruptions and support a seamless building process. These proactive steps ensure that once ground is broken, the project can move forward without unnecessary delays.