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�- DRAFT for Roseville CiiY Council -- <br />--'t�� Reading, June 13, 2005 <br />IX. Business Model <br />t This section outlines the "Business Model" of analyzing the financial aspects, opportunities <br />and issues presented in this report. <br />* The Oval is among the activities provided by Parks and Recreation that are operated as a <br />business. The business is run with the goal of providing a public service at the lowest <br />possible cost to the city. It provides a valuable recreational product, which would most likely <br />not be developed by the private sector. This report addresses ti�� operating and financial <br />aspects of the Skating Center and Oval. It will not necessarily follow traditional business <br />model formats, though it will provide financial analyses related to expected operating and <br />capitalization/deprecia�inn costs, as well as provide understanding of public benefit. <br />The Business Model consists of the following: <br />1. Context: Scope of Skating Center within P&R and City Budgets, and Taxes <br />2. Hard Dollar Costs: Addressing projected Operating and Capitalization Costs <br />3. Soft Dollar Costs: Quantifyingvalue of non-revenue generating activities <br />4. Public Usage Value: Quantifying value of facility use <br />5. Economic Impact Assessment: Assessing Oval's impact to Roseville merchants <br />6. Mothballing ancllor Removing the Oval: Costs associated if pursued <br />Page 20 of 29 <br />