financial assessment & options analysis for new recreation ... · options presentation april 7,...

Client: City of Steinbach

Options Presentation April 7, 2015

Financial Assessment & Options

Analysis for New Recreation

Facilities

Agenda

1. Introduction

2. Background

3. Option 1: Fully Integrated Downtown Site

4. Option 2: Downtown Site with Stand-Alone PAC

5. Option 3: Partial Downtown Integration with

Greenfield Arena

6. Downtown Parking Study

7. Pros & Cons Summary

Options Analysis for New Recreation Facilities

______________________________________________________________________________

Primary Facilities:

Performing Arts Centre

Spectator Arena

Fieldhouse

Community Arena

Official Community Plan Alignment OCP Section Objective

Parks, Recreation, Open Space and Active Transportation

Policies

To promote active transportation networks that include all forms of human-powered transports such as walking, running, cycling, roller blading, and wheelchair use.

Parks, Recreation, Open Space and Active Transportation

Policies

To preserve and enhance natural local environments that have aesthetic value and scenic and environmental

characteristics.

Development Reserve To encourage the growth of the city in an economic

manner that has a minimum adverse impact on remaining agricultural operations.

Planning Policies To ensure that new developments are compatible with

existing adjacent uses.

Municipal Services Consideration should be given to maximizing the use of the

existing municipal infrastructure prior to extending the system, by encouraging infill development.

Guiding Assumptions:

1) PAC development is prioritized as Phase 1;

2) Community objective to maintain 2 operational arenas.

Background

WORK TO DATE

Part 1:

Needs Assessment & Site Assessment

3 Options for Downtown Location

Phased Development Assessment

Detailed Financial Analysis

Part 2:

Expanded Spectator Arena

Expanded PAC

Greenfield Assessment

Background

WORK TO DATE

Part 3:

Downtown Development Study

Detailed Parking Study

Downtown Design Optimization

Part 4:

Presentation of Preferred Options

[ STEINBACH EVENT CENTRE ] MASTERPLAN > OPTION 1

REIM

ER A

VEN

UE

ANTICIPATED PROPERTY LINE

EVENT CENTRE ARENA [ STEINBACH PISTONS ]

MULTI-USE FIELDHOUSE [ NEW ]

COMMUNITY ARENA 1 [ NEW ]

COMMUNITY ARENA 2 [ FUTURE ]

PERFORMING ARTS CENTRE [ NEW ]

CURLING RINK / THEATRE [ EXISTING ]

HOTEL + CONFERENCECENTRE [ NEW ]

BRIDGE CONNECTION [ PROPOSED ]

PARKADE PHASE 01 [ 150 Stalls ]


Item Primary Features Capital Cost Estimate

Main Level

85' x 200' Multi-Use Ice Pad

7 Full Size Dressing Rooms

1 Junior "A" Club Dressing Room

2 Officials Dressing Rooms

Support Space (First Aid/Storage/Offices)

Kitchen/Concessions/Public Washrooms

Ice Resurfacing/Ice Plant/Building Services

Second Level

Walking Track/Concourse

Concessions/Public Washrooms

Viewing/Box Suites

Media Areas/Sound

Support Space (Storage/Offices)

Tenant Space $19,100,000

Main Level



1 Officials Dressing Room


Second Level

Public Washrooms

Viewing $7,750,000

Main Level

3 FIBA Basketball or 6 Court Volleyball

Male & Female Dressing Rooms


Spectator Viewing (retractable)

Entrance/Lobby

Tenant Space

Circulation

Second Level

Walking Track $9,240,000

Main Level

Proscenium Theatre

Multi-Purpose Room

Dressing Rooms/Art Space

Public Washrooms/Coat Check/Bar Area


Entrance/Lobby

Second Level

Balcony/Viewing

Public Washrooms

Multi-Purpose Space $13,584,000

300 New Stalls (net of potential parnership funding)

Site Development $7,400,000

Subtotal $57,074,000

Contingency $5,587,400

Design $4,609,605

Fit-Up $4,098,150

Total Estimated Project Cost $71,369,155

Estimated Phase 1 Costs* Estimated Phase 2 Costs* Estimated Phase 3 Costs*

$30,900,000 $24,200,000 $11,700,000

Based on the lowest estimated operating costs - Option 1 serves as established baseline

* Exclusive of inflation. Figures include partial parkade development (pre-spectator arena expansion)

OPTION 1: FULLY INTEGRATED DOWNTOWN SITE

New Parkade

Other Costs

New Spectator Arena

(1,800 seats expandable to 3,000)

New Community Arena

New Fieldhouse

New Performing Arts Centre

(750 seats)

Capital Cost Estimate

REIM

ER A

VEN

UE


MULTI-USE FIELDHOUSE [ NEW ] CURLING RINK / THEATRE

[ EXISTING ]

EXISTING TG SMITH ARENA [ RENOVATED ]


EVENT CENTRE ARENA [ STEINBACH PISTONS ]

COMMUNITY ARENA 1 [ NEW ]


HOTEL + CONFERENCECENTRE [ NEW ]




FUTURE ARENA EXPANSION


Main Level



1 Junior "A" Club Dressing Room





Second Level



Viewing/Box Suites

Media Areas/Sound



Code Upgrades

Change Rooms

Tie-In $1,400,000

Main Level



1 Officials Dressing Room


Spectator Viewing

Entrance/Lobby

Tenant Space

Second Level

Walking Track

Fitness Zones

Media Areas/Sound

Spectator Viewing $13,200,000

Main Level

Proscenium Theatre

Multi-Purpose Room




Entrance/Lobby

Second Level

Balcony/Viewing

Utility/Services

Public Washrooms $17,508,000

300 New Stalls (net of potential partnership funding)

Site Development $7,400,000



Design $4,736,160

Fit-Up $4,098,150



$26,100,000 $23,800,000 $16,700,000

Relative Net Annual Operating Cost*

* Average annual impact relative to Option 1 - exclusive of financing

($43,500)

Other Costs

Option 2: Downtown Site with Stand-Alone PAC

New Spectator Arena


Renovated Community Arena

New Fieldhouse

New Performing Arts Centre

(1,000 Seat Capacity)

Parkade



REIM

ER A

VEN

UE






PARKING



Main Level



1 Junior "A" Club Dressing Room w. Office/Training/Storage





Second Level



Viewing/Box Suites

MPR Club Suites

Media Areas/Sound



Entrance/Lobby

Exit Facilities

Site Development

Service Connections

Surface Parking $5,620,000

Code Upgrades

Change Rooms

Tie-in $1,400,000

Main Level




Spectator Viewing (retractable)

Entrance/Lobby

Tenant Space

Circulation

Second Level

Walking Track $13,200,000

Main Level

Proscenium Theatre

Multi-Purpose Room




Entrance/Lobby

Second Level

Balcony/Viewing

Public Washrooms

Multi-Purpose Space $13,584,000



Design $4,364,580

Fit-Up $4,364,580



$17,200,000 $31,300,000 $18,500,000

($88,000)

* Average annual impact relative to Option 1 - exclusive of financing

Estimated Relative Net Annual Operating Cost*

Other Costs

Option 3: Partial Downtown Integration with Greenfield Arena

New Fieldhouse

Performing Arts Centre

(750 seats)

Renovated Community Arena


New Greenfield Spectator Arena


Incremental Greenfield

Development Costs

Item

Walking Radius 5-Minute 8-Minute 5-Minute 8-Minute

Parking Need 1663 1663 2003 2003

Centralized Parking 463 463 463 463

Street Parking 222 397 222 397

Other Private Parking 551 1181 551 1181

Surplus/Deficit 427 378 767 38

Parkade Stalls 150 150 300 300


Pre-Expansion Post-Expansion

Parking Availability - Max. CapacitySpecial Events

Item

Walking Radius 5-Minute 8-Minute 5-Minute 8-Minute

Parking Need 1163 1163 1503 1503

Centralized Parking 463 463 463 463

Street Parking 222 397 222 397

Other Private Parking 551 1181 551 1181


Parkade Stalls 150 150 300 300


Pre-Expansion Post-Expansion

Parking Availability - Max. CapacityPistons Home Game

Downtown Parking Study

Efficiency Analysis

Conclusions

Within a 5 minute walking radius, Downtown Steinbach has an adequate mix of centralized,

street, and private parking for day-to-day activities and pre-expansion Pistons games.

Special events with floor seating, associated with a downtown spectator arena, may require

the adoption of an 8-minute walking radius.

Post spectator arena expansion, a 300 stall parkade is required for the downtown site.

Summary of Pros & Cons

Option 1: Fully Integrated Downtown Site Option 2: Downtown Site with Stand-Alone PAC

Option 3: Partial Downtown Integration with Greenfield Arena

Pros

Alignment with Official Community Plan

Partnership Opportunities with Steinbach Credit Union

Efficiencies of Integration: o Staffing o Ice-Making Equipment o Utilities & Heat Recovery

Reduced Lifecycle Costs

Alignment with Current Architectural Trends

Reduced Structural Cost for Fieldhouse

Alignment with Official Community Plan

Partnership Opportunities with Steinbach Credit Union

Efficiencies of Integration: o Staffing o Ice-Making Equipment o Utilities & Heat Recovery

Greater Seating Capacity in PAC

Simplified Spectator Arena Development

Available Surface Parking

Reduced Congestion

Catalyst for Adjacent Development

Cons

Spatial Limitations

Land Acquisition Requirements

Staging Complexities

o Prioritizing PAC development requires closure of community arena

Post-Expansion Parkade Requirement

8 Minute Walking Radius for Special Events

Similar to Option 1

Added Structural Costs for Fieldhouse

Limited Resource Sharing Capacity for PAC

Increased PAC Operating Costs ($45,000/year)

Condensed Operating Season for Community Arena

Added Site Development Costs

Fewer Compatible Adjacencies

Lack of Mixed-Use Development

Limited Resource Sharing Capacity

Condensed Operating Season for Community Arena

Added Lifecycle Costs ($90,000/year)

Impacts on Leveraged Funding

Questions?

financial assessment & options analysis for new recreation ... · options presentation april 7,...

Documents