CCP 06-24-1996 - Laserfiche WebLink

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I I> I National Sports Center Ice Complex Ie A consortium of northern metropolitan governments have under consideration the construction and operation of a facility located at the National Sports Center in Blaine and consisting of four Olympic sized ice surfaces and related facilities. Development and operation of the facility will I be supported by area communities, schools and non-profit associations. This document was developed to address the anticipated operating revenues and expenses of I the facility and the various methods available for financing it. In its preparation a number of resources have been used which include but are not limited to MASC personnel, high school athletic directors, ice arena managers, the Minnesota Ice Arena Managers Association and local hockey and figure skating associations, I As with any projection of operating performance, subsequent events and changes in economic conditions, as well as changes in peoples' interests and lifestyles, will cause actual results to I vary from projected results. The variations may be positive or negative. Decisions to proceed or not to proceed should be based on careful evaluation of all available information and should ultimately rely on the belief that a public policy objective is achieved by the development of the four sheet ice arena. I The following document is comprised of five sections: Comparable Operating Expenses, I Underlying Revenue Assumptions, Financing Alternatives, Summary, and Agreement Among Parties. Ie I I I I I I I Ie I DRAFT REPORT 5/30/96 Page 1