HURL Field Acquisition Strategy

Field Acquisition Goals H.U.R.L Turf Sports Field (no rainouts – all games guaranteed) Preferred scheduling (leagues, tournaments etc…) Space for league and sport expansion Full field 340 x 240 = 2 full size ultimate fields (each field 340 x 120) H.U.R.L does not want to become a property management company (Field to be managed by HRM)

Costs to Build a Field in HRM $0.75 M land value $1.25 M site work Need land to be given/donated –Land from city –Already existing field Or need other Cost sharing Partners –HRM –Other Sport Organizations –Province (Sports and Recreation)

Redevelop Existing Field Proposal to HRM HRM Maintains Field (they were going to anyway) HRM responsible for bookings of other 24 hours HRM Revenue Potential 30 weeks x 24 hrs/week x $52/hour = $37,440 per year 50/50 on time at the Facility 48 Total Prime Time Hours per week M-F 6-10 = 4hrs x 5 days = 20hrs S-S 8-10 = 14hrs x 2 days = 28hrs Each Party receives 24 hrs per week HURL books own 24hrs hours blocks 16 blocks x 4 teams per block = 64 teams 64 teams x 15 players per team = 960 potential HURL 1 game/week Would cost 800,000 to turn an existing grass field into an all weather field

Grass Versus Turf Why would HRM want to do this?

Base $ 160,000additional fill, drainage etc. $ 250,000 Excavation, Engineering, Plan MaterialsSod - $2.75 per sq. ft. $ 220,000FieldTurf - $4.50 per sq. ft. $ 360,000 Field Turf Base - $1.00/ sq. ft.80,000 Total Initial Capital Cost $ 380,000 $ 690,000 Maintenance$52,500/year x 10 years $ 525,000$5,000 x 10 years $ 50,000 (mowing, water, herbicides, pesticides, re-sodding) HURL Contribution $ (400,000) Total Costs $ 905,000Total Costs $ 340,000 Annual Revenues From Field16 weeks x 48 hours x $9 $ 6,91230 weeks x 24 hours x $52 $ 37, Year revenues$6912 x 10 years $ 69,120$37,440 x 10 years$374,400 Total after 10 years $ (835,880) $34,400

Annual Cost Comparison Current annual costs per player Annual Dues: $25 Summer: ($500/15 Players per team) $35 per player 12 games = $2.90 per game Fall: ($350/15 Players per team) $25 per player 8 games = $3.15 per game $85 total for 20 games = $4.25 per game Maximum Revenue Generating Scenario Annual Dues: $10 Summer: ($750/15 Players per team) $50 per player 20 games = $3.00 per game Fall: ($500/15 Players per team) $35.00 per player 10 games = 3.50 per game $95 total for 30 games = 3.15 per game Assuming 750 players pay dues and play in Summer, and 450 players play in fall this scenario would generate ~53,000 per year in revenue.

Loan Scenario $53,000 maximum annual revenues $100,000 in Field Fund totaldownloanmonthlyannual 350,000100,000250,0003, $ 36, ,000100,000300,0003, $ 43, ,000100,000350,0004, $ 50, year term loan at 8% Interest

Cost Sharing Proposal $43, / 750 HURL players = $58.23 per player $58.23 / 30 games = $1.94 per game Total per HURL player per 30 game season = $58.23 (field)+ $10 (dues) = $68.23 Currently paying $85 per season - $68.23 = $16.77 Savings More games, less cost per game & on the best quality field available Bottom Line – Less cost per player for a much better product! totaldownloanmonthlyannual 400,000100,000300,0003, $ 43,677.96

New Field Development Costs 1 Land approx 5 acres500,000 to 1,000, ,000 2 Site Work Permits and Licenses $ 5,000 Electricity & gaslines & hook up$ 5,000 Water & Sewerhook up $ 5,000 Site WorkCut, Fill, Drainage $ 250,000 Fencing1160ft x $17per ft= $19,720 $ 20,000 Turf340x240= 81,600x$4.50 $ 367,200 Base Carpet Rubber340x240 = 81,600x$1.00 $ 81,600 Parking Lot Pavinggrading, gravel, per sq ft (80,000 sq ft) $ 160,000 Lights - outsideParking Lot & Field $ 200,000 $ 1,093,8001,093,800 Subtotal $ 1,843, Tax $ 258, Total $ 2,101,932.00

Field Redevelopment Budget Fill, Drainage, level $ 100,000 Turf (81,600 x $4.50) $ 367,200 Base Carpet Rubber (81,600 x $1.00) $ 81,600 Fence $ 20,000 Lights (wood poles) $ 100,000 Overun $ 32,000 SUBTOTAL $ 700,800 TAXES $ 98,112 TOTAL $ 798,912 TAXES $ (98,112) FENCE $ (20,000) SOD $ (220,000) Lights (wood poles) $ (100,000) TOTAL $ 360,800