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To support these ongoing efforts, a dedicated maintenance fund has been established. A portion of sponsorship revenues and grant funding will be directed into a Capital lmprovements reserve, specifically earmarked for facility repairs, upgrades, and general upkeep. This financial foundation will ensure that resources are available when needed and will reduce reliance on emergency funding or reactive fixes. Collaboration with local businesses and organizations will further strengthen the long-term maintenance strategy. Strategic partnerships will be pursued to secure sponsorship opportunities and develop fundraising initiatives that contribute dlrectly to the upkeep and enhancement of the facility. These relationships not only provide financial support but also help build community investment and pride in the venue. Sustainability will be at the core of the infrastructure management approach. The use of durable, low- maintenance building materials and the integration of energy-efficient systems will minimize . operational costs and environmental impact. By reducing the frequency and cost of repairs and lowering energy consumption, these sustainable choices will contribute to the facility's long-term affordability and resilience. Regular facility assessments will also be conducted by professionals to identify potential issues early and recommend necessary upgrades. These evaluations will be critical in preventing deterioration, ensuring compliance with safety standards, and continuously improving the visitor experience. By implementing this multi-faceted strategy, the Rodeo Arena Grandstands will be positioned to remain a premier event destination for decades to come. These efforts will not only protect the investment made in the upgrades but also ensure that the venue continues to serve as a key driver of tourism, community engagement, and economic growth in Kittitas County. 7. Details of Budget The total cost of the Grandstands Project is currently estimated at approximately s14.25 million, inctuding several pending change orders associated with the construction contract. County staff continue to work closely with the architect and general contractor to identify cost-saving opportunities wherever feasible. However, we must also maintain an accelerated schedule to ensure the project is fully completed in time for the 2026 Ellensburg Rodeo, which remains a key driver for both timeline and budget. To date, the County has secured S13.5 million in committed funding for the project. A 5500,000 contribution from the City through Lodging Tax funds would substantially close the remaining funding gap and provide greater budget certainty as the project moves into final stages. The County is prepared to absorb any remaining costs beyond this contribution if necessary- A detailed revenue and expense breakdown is provided below. 8. Partnerships and Collaboration The Grandstands Project represents more than a decade of planning, community engagement, and coordination among public and private partners. Throughout this period, Kittitas County has worked closely with key stakeholders-including the Washington State Department of Commerce, the Ellensburg Rodeo Board, event organizers, and local business partners-to design a modern facility that strengthens the community's identity and supports long-term tourism growth.