THRILLERDOME 2.0
GTAA Facility Initiatives ď Ž
Replacement Basketball Facility - $45M (est) Lead gift provided by: The McCamish family
ď Ž
Indoor Football Practice Facility - $9M (est) Lead gift provided by: John & Mary Brock
GTAA Facility Initiatives
New Tennis Complex $9.5M (est) Lead gift provided by: Ken & Trish Byers
Golf Complex $4.0M (est) No lead gift to date
Design Proposals
BASKETBALL Replacement Facility
Lead gift provided by: The McCamish family
Basketball - WHY NOW? $15 Million Gift
A Convergence of Factors
• Designated solely to new basketball facility
Debt Costs
Historically Low • Refinancing opportunity w/ existing debt
Proposed New Basketball Facility
Competitive
Construction Costs • “Get more for your money”
Basketball - WHY NOW? (Existing AMC Facility)
[NOTE: Current dollars; some components may be difficult to achieve without full scale replacement]
GTAA: Financial Overview GTAA- FORECASTED CASH BASED INCOME STATEMENT (OPERATIONAL $ ONLY)
FY 10 FY 11 FY 12 FY 13 REVENUES ACTUAL FORECAST FORECAST FORECAST ACC Distribution $12,261,000 $10,475,000 $13,866,000 $14,297,000 Ticket Sales 12,977,000 10,337,000 13,926,000 10,919,000 Other Revenue 30,101,000 31,361,000 29,000,000 30,611,000 TOTAL REVENUES $55,339,000 $52,173,000 $56,792,000 $55,827,000 EXPENSES Personnel 19,067,000 19,716,000 19,919,000 19,825,000 7,670,000 7,636,000 8,380,000 9,116,000 Tuition & Fees Total Debt Service 8,217,000 7,921,000 7,100,000 6,322,000 Other Expenses 20,245,000 17,350,000 21,472,000 21,037,000 TOTAL EXPENSES $55,199,000 $52,623,000 $56,871,000 $56,300,000 NET INCOME $140,000 ($450,000) ($79,000) ($473,000) Debt Service Expenses funded from Operating Revenues VS Total Revenues 14.8% 15.2% 12.5% 11.3%
FY 14 FORECAST $14,767,000 14,286,000 32,115,000 $61,168,000
FY 15 FORECAST $15,242,000 12,816,000 31,971,000 $60,029,000
20,345,000 9,534,000 7,500,000 21,869,000 $59,248,000 $1,920,000
20,879,000 9,974,000 7,718,000 22,155,000 $60,726,000 ($697,000)
12.3%
12.9%
Design Proposals
BASKETBALL Replacement Facility Current Parking Lot
William Alexander Courtyard
Design Proposals
BASKETBALL Replacement Facility
Design Proposals
BASKETBALL Replacement Facility
Design Proposals
BASKETBALL Replacement Facility
Design Proposals
BASKETBALL Replacement Facility
Design Proposals
BASKETBALL Replacement Facility William Alexander Courtyard
THRILLERDOME 2.0