Demand AssessmentRink BRUNSWICK LANDING ICE ARENA 3/16/2017

Transcription

1 3/16/2017 BRUNSWICK LANDING ICE ARENA Bill Patteron Midcoat Youth Hockey Aociation I Demand AementRink 1. Waton Arena overubcribed 2. Impact on program participant 3. Opportunitie to link Brunwick Landing & community 60,000+ Rolklont 1

2 3/~6/2017 2

3 3/16/2017 I~ ----=-----~:-=:.! N '= t-"""'7'[;!111"'"'"'7"'\l---=j --<~"'"'~- '"".J ' L r ( \,_.J ' L r Mld-Coat Ice Arena 3

4 3/1,.6/2017 ; "G'"R"o"',-SALE=BREAKEV";:- -"-N-ANAr-L-v _ _ - Rl-"-~" "-;;;3o"'3"".3"'ad GROSS MARGIN FIXED EXPENSES ITEMS VARIABLE EXPENSES 11 EKec. Dlr Salary 12 Manager Salary YEAR1 13 Employee wage 14 Payronraxe 15 Worke!'S Comp 16 Bad Debt 1 7 PIO\Orlgll;nm 18 uppue omce Expene , MaifltenaJlceAd!Profooljon A.ttt & Legal $ $ carjtra,.o Ga!Propane $ Telephone,.._ 62,592 lnwance ,000 2,655 Sewer/Water 29 cre<tit card Expene 30 Oeprec!aHonJAmort 31 ~licelaneoo 32 f'mc!paipml 33 Interet 34 Int-Une or Creellt 35 TOTAlS 36 $ $ 6, GRANO TOTAL OF EXP NET PROPIT I LOSS 40 BREAKEVEN ANALYSIS (S) FIXED EXPENSES <"XGROSS MARGIN}(VAR EXPENSES) VOLUME PROFIT RATIO AFTER BREAKEVEN BREAKEVEN POINT I 2n ol '- GROSS SALES VOLUME ~~ 606,775 SALES % 50% 4 6 BREAK EVEtl POitn AS A PERCENTAGE OF 47 PROJECTED SALES BREAK EVEU POINT IN CASH FLOW ~ 75~ 1 25~ PROFIT ( ) (S4Q.Q11) $ COMMUNITY AQUATIC..... Are Water & Ice Compatible?. r. 4

5 3/16/2017 Fund Raiing Pyramid Ice Arena Only Lead Donor (1) Major Donor $250K (2) Major Donor $look+ (3) $50K+ {S) + {6 8) Memberhip bae (500 gift) $2SK $SOK $2SK $2SOK $look $SOK $2SK $1M S2SOK $look $SDK $275 $2SOK $look $SDK $2SK $SOK $2SK $1,000,000 $7SO,OOO $300,000 $2SD,OOD $175,000 $27S,OOO Sub-Total $2,7SO,OOO 20-year Loan $700,000 Bridge Loan for pledge A Needed Total I $3,450,~0- Fund raiing Pyramid Ice Arena & Pool Major Foundation Naming Right Lead Donor (rink/pool naming) Major Donor $250K (2) Major Donor $look+ (4) $50K+ (6) + (6 8) Memberhip bae (1,000 gift) $3.4M $1M (Pool Name) $2SOK $50K $look $SOK $325K $1M (Rink Name) $2SOK $look $50K $50K $3,400,000 $2,000,000 $500,000 $200,000 $200,000 $175,000 $32S,OOO Sub-Total $6,800, year Loan Available Bridge Loan for pledge A Needed [ Total $

6 3/16/2017 Extra Slide Ice Arena $3M $0.3M $0.15 Budget Rink contruction Capital repair endowment- not for operation =9.5% Contingency $3.45M Total - Note- Could build with up to $1M x 20 year loan? Check buine plan. Ice Arena $3M $3M $0.5M $0.3M & Pool Budget Rink contruction Pool contruction Capital repair endowment- not for operation 8% Contingency $6.8M Total Note- Could build with</= $1M x 20 year loan? See buine plan. - 6

7 BRUNSWICK LANDING ICE ARENA

8 BRUNSWICK LANDING ICE ARENA: A New Multipurpoe Arena for Midcoat Maine THE CHALLENGE The picture in Maine' bigget newpaper aid it all; high chool tudent from Mt. Ararat lump in their locker at 4:30a.m. on a winter' day, taring at their phone in a exercie and good leep. More leep than they're getting today. We loe nearly 25 percent of local hockey daze before practice and a long day at chool. player older than nine to neighboring program becaue they offer more conitent That' dawn. After undown, conider the cheduling. Other drop out altogether 11 year-old Midcoat Youth Hockey player itting in a car with her parent, driving from ay, omewhere on Orr' Iland to Auburn for becaue of the travel requirement. Our Learn to Play program, the very foundation of our hockey practice on a weekday night. She' eating dinner on the fly in the car, hitting the ice at 7 p.m. for an hour of drill and will be lucky to be home for bed at 9 p.m. Meanwhile her mom i watching the now falling, wondering what Rte. 196 will look like on the way home. That child pend a minimum of 66 hour in the car over the coure of a eaon, jut to get 44 hour of ice time to practice. local hockey team, i limited to one day a week becaue of limited ice time. Imagine a child learning to ride a bicycle if he could only practice one hour on Sunday? Something ha to give. But it houldn't be excitement about port. We're Mainer; hockey i a key part of our winter culture, jut a occer i part of fall and lacroe and baeball part of pring. Our region Bath, Bowdoin, Bowdoinham, Brunwick, Even carpooling with three player a car, Harpwell, Topham and other neighboring communitie uch a Durham, Libon the Midcoat Youth Hockey Aociation i driving roughly 62,000 mile a year to make and Richmond- need a multi-ue arena, operating for four eaon in a central ure our children get their ice time, and motly we're doing it in the dark. location. photo: Gabe Souza/Portland Pre Herald Staff Photographer ')1 hortage ofrink in outhem lvfaine force ome weary youngp!dyer to practice ez1en before dawn. P!dn for two new fadlitie could help alleviate the problem. 1 " Every piece of reearch on children, learning and development tell u our kid need THE SOLUTION Land ha been ecured in an ideal pot, one that bound our communitie together for over 65 year a the naval air tation. Now, in it fifth year a Brunwick Landing, it continue to exceed economic expectation a a buine hub (950 people are working at Brunwick Landing already, with another 700 anticipated by 2017). The Brunwick Recreation Center moved to the Landing in 2014 and ha a four-acre lot adjacent to it for the arena and more. Our goal i to provide a four-eaon, energy-efficient port facility there, equipped with refrigerated ice during the kating month and a forgiving urface to accommodate lacroe, occer, baeball and even roller-kating the ret of the year. Thi facility will meet the hockey need of that Mt. Ararat player and the 11 year-old Midcoat Youth Hockey player. And beyond. 'Pre Herald anide: Ice Time v. Sleep Time, january 25, 2015, by Kevin Thoma!StajfWriter

9 Caco Bay Arena: A proven cot effective deign, opened in THE DETAILS The covered, open air multi-ue arena would maintain ice between November and the beginning of March regardle of weather. The locker room would be heated along with an ample ized lobby and indoor viewing area while partial wall and windcreen would offer protection around the rink. Our deign would allow for incremental addition and change - which might include additional eating and future encloure. Modeled along the _ame line a the new Caco Bay Arena, our multi-ue arena will be cloely tailored to community need, cot-effective, and energy efficient. During the kating month, the facility will draw 125 familie per day, with weekend number cloer to 225 familie. That number i baed on current participation in Midcoat Youth Hockey and the area' high chool team (four of which now vie with Bowdoin' two collegiate team for ice time at the Waton arena). Thi repreent more than 325 young people on ice each week, with trong potential to reach hundred more kater of all age once local community ice time i finally available. BY THE NUMBERS The contruction budget for the arena i $2.8 million. Our required endowment to cover capital repair and improvement i $400,000 (yielding $20,000 a year at a 5 percent return) to enure the arena remain a firt cla facility for many decade. The multi-ue arena will operate a an independent 501c3 with it own board and to ignificantly increae enrollment in youth hockey program. taff will be hired or poibly contracted through a partner entity. A complete buine plan ha been developed for peer review. We'd alo reach adult. Currently there i no local adult hockey league; player travel to Portland and farther to play. Public kating in Bath and Brunwick i limited to outdoor urface that are entirely weather dependent, and even at their bet are fairly rough kating (for older kater, the lack of a wall to lean on i very often a deal-breaker). The limitation of available ice ha even pawned a culture of mall backyard rink, a demontration of how much people in our area love to kate. The timeline for the project i to ecure gift and pledge by winter of 2018, with contruction to begin a oon a the Navy releae the land in With well documented demand and commitment for ice time in hand, we expect to open with operation at full capacity in a community that i ready to drive le and kate more. OUR COMMUNITY The Midcoat Youth Hockey organization draw player mainly from Bath, Bowdoin, Bowdoinham, Brunwick, Harpwell and Topham, pulling from a chool enrollment of over 6,600 in a population of jut over 43,000. The combined population of Durham, Libon and Richmond bring that number to nearly 60,000. That' a lot of potential kater, epecially if you include thoe whom write off hockey a too much of a hale before their kid hit third grade. Our expectation i not jut to curtail drop-out rate from the program but During Maine' other three eaon, the arena will fill an important role. With ice out by the middle of March, the arena will pivot to upport lacroe, baeball, occer, floor hockey, public roller kating and other opportunitie. During our lengthy mud eaon it can be difficult to get kid out on the playing field due to weather and field condition; the multi-ue arena will give u a new protected venue to ue.

10 OUR VISION We want to create a multi-ue facility for all eaon that never it empty and pur future recreational development at Brunwick Landing. Thi will drive potential cutomer to a regional aet that already repreent our mot innovative economic future. Our local hockey tradition i deep and hitoric- Midcoat Youth Hockey Aociation i poied to celebrate it 50th anniverary in and pairing a new arena with the proven ucce of Brunwick Landing i an invetment in all of our future. OUR CALL TO ACTION The contru~tion budget for the arena i $2.8 million. Our required endowment to cover capital repair and improvement i $400,000 (yielding $20,000 a year at a 5 percent return) to enure the arena remain a firt cla facility for many decade. The multi-ue arena will operate a an independent 501c3 non-profit with it own board. Staff will be hired or poibly contracted through a partner entity. A buine plan ha been developed complete with demand aement a well a detailed contruction and operating budget. Cloe work with Caco Bay Arena and their team of architect and builder give u a high degree of confidence in our number. The timeline for the project i to ecure gift and pledge by early 2018, with contruction to begin a oon a the Navy releae the land in With well documented demand and commitment for ice time in hand, we expect to open with operation at full capacity in a community that i ready to drive le and kate more. For additional information: Midcoat Youth Hockey Aociation midcoathockey.org Bill Patteron, ltphockey@yahoo.com,