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Crookston Sports Center: Economic Impact and Revenue Generation Discussion

Explore the economic impact and revenue generation potential of Crookston Sports Center. Learn about cost containment strategies, revenue options, city support, and future plans for this valuable community asset. Join stakeholders in discussing strategies to enhance financial sustainability.

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Crookston Sports Center: Economic Impact and Revenue Generation Discussion

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  1. Crookston Sports CenterBudget Discussion Economic Impact Cost Containment Revenue Generation March, 24, 2014

  2. Tremendous Community Asset • 3 Sheets of Ice • Walking Track • Artificial Turf • Community Room • Golf Simulator • Used by nearly every spring athletic team • Several Community events each year

  3. Tremendous Community Asset • $3 Million in new tax base directly – • one restaurant • one Hotel • 45 New Jobs

  4. Lodging Tax Steadily Increasing

  5. Lodging Tax • 2013 – Largest year on Record • $61,006.35 collected • Lodging Properties Sales = $2,033,533.33 • This can mean an additional $8 million of impact to the community. Restaurant, Alcohol, Retail, Fuel and Special Events.

  6. City Support • 2008 • $406,574 • 2010 • $507,278 • 2013 • $650,969

  7. Unwinding of Debt after 2016 • $158,788.88per yearcurrently • We will no longer be paying this in 2017

  8. Utilities • 2008 • $81,580 • 2010 • $221,956 • 2013 • $238,534

  9. Salaries & Benefits • 2008 • $152,951 • 2010 • $239,150 • 2013 • $231,904

  10. Cost Containment Measures • Reduction of Temporary Staff • $8,000 to $10,000 savings per year • Relocate Parks and Recreation Staff to CSC • Increased visibility of Staff to assist with questions • Coverage for Golf Simulator, Walking Membership • Marketing and Promotion - Phyllis

  11. Cost Containment Measures • Modifications to current Ice In and Ice Out schedule. • Install 2nd sheet in to when Girls HS begins • Install 3rd Sheet in Mid November • Take out 3rd Sheet District Playoff weekend • Take out 2nd Sheet after Figure Skating Show • Keep Event arena at 45 degrees • Savings of $35,000 to $45,000

  12. Revenue Options • Teen Dances • Concert • Car Shows • Figure Skating Competition • Curling Bonspiel • Art Festival • Boxing • Increase in fees • Many other options on the table

  13. What is next?? • Convene a meeting of all stakeholders • Discuss additional revenue options • Discuss Concession Stand Contract • Discuss Cost Containment Strategies

  14. Time Line • Decisions prior to 2015 Budget completion • Meeting first week of April • Additional meetings as needed

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