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Oval Task Force Final Report <br />6. Mothballing �ndlor Removing the Oval: <br />• Mothballing saves up to $50,000 in operating costs, leaving $50,000 of the $100,000 operating <br />deficit <br />• Demolition will incur a one-time cost of $250,000 <br />• Observation: Closing of the Oval would reduce the critical mass of recreation activities <br />available at the center, to a point where all the other income streams would probably also be <br />affected. At the very least, it would highly impact the ability of the overall Skating Center to <br />attract youth and teens for recreational activities. As a result, there could be unforeseen impacts <br />on other areas, as the young people spread out over the city in search of activities to occupy <br />their time. <br />� Observation: Conservative hard dollar projection would close more of the operating deficit <br />than the mothballing approach, while providing public good of retaining the facility. <br />� See Attachment 5, "Memo re: Supplemental Financial Info" for more detail <br />Oval Task Force Final Report Page 28 of29 <br />