Benderson Park Presentation 071410
Transcription
Benderson Park Presentation 071410
x Aquatic and Nature Center The Design Team: High School, College and Elite Athletes, Coaches and Rowing Moms and Dads The Meadows, Fruitville 210 Alliance and the Surrounding Community Tunnell‐Spangler‐Walsh & Associates community design & architecture The Benderson Development Company Sarasota County Government Presentation Outline: I. II. III. IV. V. VI. VII. Evolution of the Plan The Economic Impact Development of the World Class Master Rowing Concept Plan Personal Testimonies by the World Class Rowing Team Video Presentation of the World Class Rowing Venue Financials Questions and Answers The Evolution of the Plan The Development Order Requirement Meeting the Sarasota Rowers The 2008 Concept Plan N. HONORE AVE THE MEADOWS FRUITVILLE ROAD ROWING VENUE SITE N. CATTLEMEN ROAD LOCATION I‐75 UNIVERSITY PARKWAY N 2008 Park Concept Plan • Master Planned Facility • 2000 meter (FISA) • 8 buoyed FISA lanes • Permanent infrastructure to support regattas • No water current or other boating conflicts • Straight shore line • State of the art starting and finishing lines • Warm up lane • State of the art boathouse • Good accessibility • Well protected and fair lanes • Good Spectator Observation • Good access for spectators from start to finish line. • Pedestrian, rower, coach friendly design • Hotel and restaurant support • Located within a Community Park • Community Support • Direct Flights to Venue • Organized Foundation and LOC • Public‐Private Partnership The Evolution of the Plan Development Order Requirement Meeting the Sarasota Rowers 2008 Concept Plan 2009 Regattas National and International Due Diligence Study 2010 Regattas World Class Master Concept Plan 2010 World Class Concept Master Park Plan •Master Planned Facility •2000 meter (FISA) •8 buoyed FISA lanes •Permanent Infrastructure to support regattas •No water current or other boating conflicts •Straight shore line •State of the art starting and finishing lines •Warm up lane •State of the art boathouse •Good accessibility •Well protected and fair lanes •Good Spectator Observation •Good access for spectators from start to finish line. •Pedestrian, rower, coach friendly design •Hotel and restaurant support •Located within a Community Park •Community Support •Direct Flights to Venue •Organized Foundation and LOC •Public‐Private Partnership 2010 Regatta Season Economic Impact Jason Puckett Sports Manager Sarasota Convention & Visitors Bureau Jason Puckett – 2010 Regatta Season February 27 ‐ Sarasota Invitational • Total Attendees = 1,575 • Total Room Nights = 205 • Average Daily Rate = $135.00 •Economic Impact = $223,478 April 9 – 10 – Florida Intercollegiate Rowing Assoc. • Total Attendees = 2,590 • Total Room Nights = 256 • Average Daily Rate = $119.00 •Economic Impact = $624, 060 Jason Puckett – 2010 Regatta Season April 23 – 25 ‐ Florida Scholastic Rowing Assoc. •Total Attendees = 14,682 •Total Room Nights = 1,610 •Average Daily Rate = $95.00 •Economic Impact = $1,979,615 May 7 – 9 – Southeast Youth Regional's •Total Attendees = 11,454 •Room Nights =1,091 •Average Daily Rate = $90.00 •Economic Impact = $1,728,168 Jason Puckett – 2010 Regatta Season 2010 Regatta Season Recap Number of Events = 4 Total Attendees = 30,392 Total Unique Visitors = 8,290 Total Room Nights = 3,162 Economic Impact of 2010 Regatta Season = $4,555,321 Potential Annual Economic Impact for Rowing Only = $25,500,000 ‐ Based upon Regatta and Training Attendance figures on upcoming slides Cash Flow Analysis of Aquatic Nature Center Dr. Philip Porter Professor of Economics University of South Florida Annualized Capital Cost: Sarasota Rowing Facility Annualized Capital Cost: Sarasota Rowing Facility • County Investment = $25 million Annualized Capital Cost: Sarasota Rowing Facility • County Investment = $25 million • Sarasota Municipal bond rates blending 2, 5, 7, 10, 15 and 20 year bonds plus commission charges to fund the project over 20 years. Annualized Capital Cost: Sarasota Rowing Facility • County Investment = $25 million • Sarasota Municipal bond rates blending 2, 5, 7, 10, 15 and 20 year bonds plus commission charges to fund the project over 20 years. • Estimated annual interest cost = $750,000. Estimated Visitor Spending Estimated Visitor Spending • 10 Regattas per year @ 10,000 out of region attendee days per regatta. – Hotel expenditures @ $50 per attendee day (double occupancy) = $5,000,000. – Non‐hotel expenditures @ $50 per attendee day =$5,000,000 Estimated Visitor Spending • 10 Regattas per year @ 10,000 out of region attendee days per regatta. – Hotel expenditures @ $50 per attendee day (double occupancy) = $5,000,000. – Non‐hotel expenditures @ $50 per attendee day =$5,000,000 • Training: 40 teams @ 100 members for 1 week. – Hotel expenditures @ $50 per attendee day (double occupancy) = $1,400,000. – Non‐hotel expenditures @ $50 per attendee day =$1,400,000 Estimated Visitor Spending (continued) • Other events will attract out of region visitors. – Corporate rowing and adaptive rowing events (100 visitor nights per event) – Cross country running events (200 visitor nights per event) – 5‐K Events (600 visitor nights per event) – Weddings (25 visitor nights per event) – Multi‐Purpose Grandstand Events – Canoe and Kayak Races – Dragon Boats (1200 visitor nights per event) Estimated Visitor Spending (continued) • Other events will attract out of region visitors. – Corporate rowing and adaptive rowing events (100 visitor nights per event) – Cross country running events (200 visitor nights per event) – 5‐K Events (600 visitor nights per event) – Weddings (25 visitor nights per event) – Multi‐Purpose Grandstand Events – Canoe and Kayak Races – Dragon Boats (1200 visitor nights per event) • Collectively these events would generate more than 15,000 out of region visitor days. – Hotel expenditures @ $50 per attendee day (double occupancy) = $750,000. – Non‐hotel expenditures @ $50 per attendee day =$750,000 Annual New Regional Spending Generated by the Operation of the Sarasota Rowing Facility Annual New Regional Spending Generated by the Operation of the Sarasota Rowing Facility • Hotel rooms $7,150,000 • Other taxable spending $7,150,000 Tax Rates • Hotel/resort tax rate = 5% • Local options tax rate = 1% • Florida Department of Revenue direct disbursement rate = .09653 x 6% = .57918% • Indirect state government regional expenditures rate = 3% Cash Flow Analysis Without Multiplier With Multiplier = 1.57 • Tax revenue from hotels = $470,411 • Tax revenue from other spending = $112,911 • Direct tax revenues = $583,322 • Indirect state expenditures = $429,000 • Total = $1,012,322 • Tax revenue from hotels = $470,411 • Tax revenue from other spending = $177,271 • Direct tax revenues = $647,682 • Indirect state expenditures = $673,530 • Total = $1,321,212 Further Considerations • A multiplier might be appropriate as the project generates a steady stream of visitor spending over a year; year in and year out. • There is no appreciable leakage from direct visitor spending created by local spending at the venue. All ticket sales and advertisement at the site remain local and generate local employment and spending. • Inflation, facility growth through retained earnings, savings of park maintenance costs all add to the projected cash flows from the facility. Operating Costs • The Sarasota rowing facility is expected to cover its operating costs, including maintenance/depreciation from sales of its programs and services. • Ample evidence exists from programs around the United States that a facility of this nature can be self sustaining. • There is significant testimony from potential users that the facility, once completed, will be in great demand. • The creation of an independent Non Profit Organization is underway. Intangible Community Benefits • A world‐class rowing facility and a versatile community center position the community to take advantage of a rapidly growing popular sport. • Community name recognition. • Youth programs with scholarships for less privileged youth. • Club programs for all ages. • Adaptive rowing programs for the handicapped. • Developing and popularizing of an existing but little used community park. Economic Summary • Once established, the operations of this facility will be self‐sustaining. • Capital subsidies from the hotel/resort tax will be restored to government by the attraction of new visitors’ spending for hotels, food, and retail items purchased in the region. • Citizens will experience no sacrifice of existing government services to fund the facility. Tom Walsh, BLA. RLA Tunnell‐Spangler‐Walsh Park and Venue Designer N THE MEADOWS LAS PALMAS FUTURE EXTENSION OF NORTH CATTLEMEN ROAD SITE I‐75 N SITE N ORIGINAL 1500 M COURSE NEW 2000 M COURSE ROWING FACILITIES VENUE PROGRAM: ROWING VENUE N WATER GARDEN ORNAMENTAL GRASS GARDEN VENUE PROGRAM: PARKS NATURAL PLAYGROUND BUTTERFLY GARDEN FITNESS CENTERS Bruce Smith Executive Director, Community Rowing Inc., Largest Rowing Club in the World Coach, US Rowing Senior National Team, 2004 ‐ present Founder, Lincoln Park Juniors Rowing Program, Chicago, IL Developer of two successful boathouse construction projects, Chicago, IL Chip Davis Founder and Publisher of Rowing News magazine World's Leading Rowing Publication Rowing journalist of the year and USRowing service to rowing award winner Former high school and college champion; Dartmouth sports hall of fame Grew up in rowing, son of legendary coach Rich Davis Travels around the world to cover rowing events John Gartin Head Coach Nova Southeastern University Women's Rowing program (7 years) 2009 NCAA Championship, Varsity 4+ 6 NCAA Championship Appearances 3 Sunshine State Conference Championships 7 All‐Americans 17 Sunshine State All‐Conference Rowers NSU Undergraduate Student of the Year, 2006 Board Member, Southern Intercollegiate Rowing Association Chair, NCAA Division II National Selection Committee Intercollegiate Bob Whitford Rowing Director/Facilities Manager Sacramento State Aquatic Center, Lake Natoma, CA A CAL Boating "Boating Instruction Safety Center" 2‐time US National Team Coach ‐ Sculling 2 ‐ Member of USRowing Board of Directors Sailing, Powerboat, Wakeboard/Water ski, Paddling/Standup Paddling Trailer Driving & Operations Lifeguard & Weightlifting Instructor Precision Racing ‐ Design/Build Rowing, Kayak/Canoe and Open Water Swim Courses WHITCAT ‐ Safety Launches = John Lehnen Past President, Canadian Henley Rowing Corporation Co‐chair, 1999 FISA World Rowing Championships 2010 FISA World Masters Regatta Manufactured rowing shells and related equipment Past Governor, St. Catharines General Hospital Past President, The Walker Family YMCA VP Marketing, Rowing Canada Aviron Mechanical Engineer Jason Read (J.R.) 2004 Olympic Champion/2008 Olympian; World Record Holder A member of 10 National Teams including 2 Olympic Teams; currently training for 2012 London Olympic Games USRowing's 'Man of the Year' award twice: 2001 and 2004 Current Under‐23 and HS Rowing and Swim coach Youngest Rescue/EMS Chief in the country at age 21; FF/EMT since age 16 Nature and Aquatics Center World Class Rowing Video Presentation by Inception Creative and Max Wave Media x Aquatic and Nature Center Phase I Construction Cost and Timeline FY 2012 Majors Task Majors Task When When Estimated Cost Estimated Cost Activities Activities Dredge and Fill Dredge and Fill 10/2011‐12 10/2011‐12 7.5‐8.5 Million 7.5‐8.5 Million HS, College HS, College Community Park Community Park Phase II Construction Cost and Timeline FY 2013 Major Tasks Major Tasks When When Estimated Cost Estimated Cost Activities Activities Hardscape, Hardscape, Landscape and Landscape and Park Amenities Park Amenities 10/2012‐13 10/2012‐13 9‐11 Million 9‐11 Million HS,FIRA,NCAA, TRN HS,FIRA,NCAA, TRN Community Park Community Park Phase IIIConstruction Cost and Timeline FY 2014 Major Tasks Major Tasks When When Estimated Cost Estimated Cost Activities Activities Boathouse Boathouse FISA Towers FISA Towers Grandstands Grandstands 10/2013‐14 10/2013‐14 9‐10 Million 9‐10 Million HS,FIRA,NCAA, TRN HS,FIRA,NCAA, TRN FISA, Community Park FISA, Community Park Community Rowing Community Rowing