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<br />
<br />An initial step in determining the existing level of service is to identify the replacement value
<br />for all existing park facilities. To determine this cost, the consultant first determined the
<br />replacement cost for the two sports centers: the Don Owen Sports Center and the McGee
<br />Sports Center (including a skateboard park constructed in 2002). In order to calculate the
<br />current replacement cost of these facilities, historic construction costs were adjusted to 2003
<br />dollars, as shown in Table 26.
<br />
<br />Table 26
<br />
<br />SPORTS CENTER COST
<br />Facility
<br />Year
<br />Built
<br />Original
<br />Cost
<br />Cost
<br />Factor
<br />Current
<br />Cost
<br />Don Owen Sports Center 1994 $1,938,295 1.228 $2,380,226
<br />McGee Sports Center 2000 $3,500,0001.067 $3,734,500
<br />Skateboard Park 2002 $75,000 1.016 $76,200
<br />Total, Sports Centers $6,190,926
<br />Source: Original costs and year built from Conway Parks and Recreation Department, December 03,
<br />2002 memorandum; cost factor based on Engineering News-Record Construction Cost Index for
<br />February 2003 from www.enr.com.
<br />
<br />The inventory of existing park improvements, other than the sports centers, is presented in
<br />the Appendix. Multiplying the number of facilities by the current unit cost of each facility and
<br />summing yields the estimated replacement cost for the City's existing park facilities, as
<br />summarized in Table 27. The replacement cost of existing park land based on the
<br />conservative cost assumption of $20,000 per acre is also included in Table 27.
<br />Conway\Road and Park Impact Fee Study April 15,2003 DRAFT, Page 24
<br />
<br />Table 27
<br />PARK REPLACEMENT COST
<br />Park System Component Units Cost/Unit Total Cost
<br />Park Land (acres) 289.5 $20,000 $5,790,000
<br />Sports Centers na na $6,190,926
<br />Baseball Backstop 2 $10,000 $20,000
<br />Baseball Field, Lighted 1 $132,500 $132,500
<br />Basketball Goal 15 $1,200 $18,000
<br />Basketball Goal, Lighted 2 $42,000 $84,000
<br />Bench 39 $275 $10,725
<br />Bleachers, 25 People 18 $1,304 $23,472
<br />Bleachers, 50 People 3 $2,300 $6,900
<br />Boat Dock 2 $2,000 $4,000
<br />Boat Ramp 2 $2,000 $4,000
<br />Caretakers House 1 $60,000 $60,000
<br />Crawl Tunnel 2 $700 $1,400
<br />Dumpster, Three Yard 8 $435 $3,480
<br />Dumpster, Six Yard 4 $640 $2,560
<br />Fishing Pier 1 $99,093 $99,093
<br />Grill 19 $200 $3,800
<br />Merry-Go-Round 1 $1,200 $1,200
<br />Monkey Bars 3 $1,000 $3,000
<br />Parking, Car 1,064 $460 $489,440
<br />Parking, Boat & Trailer 65 $460 $29,900
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