September 23, 2015

What’s going on with this project

currently Needs Funding

Drawings have been worked on for the last ten years!

The project has become a serious topic as of last December

A need for more ice time for youth hockey has been identified for more than ten years

Right now – interest in donating significant funds to this project

Limited time to act – need not going away but interest in donating can

Why now? Need still there but also private funds to complete this project

During high use period (Oct-March) current facility is fully booked ▫ Pushed many user groups into late night ice time (past

midnight not uncommon) Adult games start at 10:30pm – players home by 1am Inability to offer premium ice time to tourists, additional

programming, bumper cars, and public skate Inability to offer consistent ice time for tourists Inability to offer full scale hockey tournaments

▫ Two sheets would increase tournament revenue by factor of three

Inability to offer adequate ice time to youth hockey ▫ Youth Hockey starts 6am during weekdays▫ Four or five practice days vs currently three

Shoulder season – multi use sports facility for soccer, baseball and lacrosse

First multi -use sports facility for outdoor sports in Steamboat

Junior Team: Approached by several Junior teams in the past

year Aspen, Breckenridge and Vail all have two sheets

of ice which allows for a Junior team

Junior Team – three – fold impact:1. Attracts additional players, coaches and admin staff

to Steamboat 2. Revenue Impact: Ice revenue plus alternative event

for tourists and locals (30 home games / year) 3. Development avenue for minor hockey players –

option to play junior hockey in home town, prepare for collegiate hockey career, elevate youth hockey

http://www.denverpost.com/news/ci_28735579/colorados-growth-in-youth-hockey-has-led-to-the-formation-of-the-rocky-mountain-junior-hockey-league

Capital:  Projects like this should not be funded by tax payers entirely Wonderful philanthropist will step up to provide a 7 (!) figure

donation to this project Private philanthropist donations will not cover all capital

funding needs - Also need additional donors plus COGO funds as it will be an open rink

Important to realize that donors, with this type of money, can come and go – we can lose this interest!

Operating costs Conservative operating numbers Shows incremental profit on an annual basis Economies of scale – especially labor Best way to leverage a single, existing sheet of ice Maintenance costs built-in for year 1 through 10 and thereafter

FCF ANALYSIS

This plan represents the most economical solution, not as elaborated as previously planned:• Bare minimum to fulfill need:• Extra locker rooms• Restrooms• Zamboni room• Few bleachers• NHL or North American rink size (current

facility is Olympic size)

Not a new conceptNot a new needNeed has been growing for 10 (!) years

Special Point in time:• Rare situation where we have a philanthropic

donation to make this a reality!• Created a responsible design that will fulfill

the need• Create a facility that can fulfill multiple needs

Now is the time to act on this rare opportunity!