1. Green Roof Technology Green roof technology is a relatively new advancement that consists of an installation of a layer of vegetation placed over a waterproof system Benefits to a Green Roof System Keep storm water and sediments from entering sewage system and river Prolong life of the structure of the mill Help reduce cost of heating and cooling systems Garden provides space for food and gardening related workshops Community and recreational space for outdoor festivals and events Increased use and interaction of mill and surrounding area by community Factors to Consider in Planning Stage Weight capacity of roof in current condition What type of roofing system Especially important to consider for older buildings Estimated Start-Up Cost: $10 per square foot for simpler extensive roofing $25 per square food for intensive roofing Estimated Annual Maintenance Cost $.75-$1.50 per square foot for both roof types Independent Movie Theater An independent movie theater is a theater not owned or operated by a franchise, giving the owner more control over the business and a bigger share of the profits. Benefits to an Independent Movie Theater High demand for theater, closest one is 30 minutes away Not operated by franchise. Can control: price of tickets, which films to show based on box office stats what events to host, like double features Location inside mill will also draw customers to the Mill St. Café Dinner and a movie, possible discounts to draw in traffic Movie snacks from café Benefits to a Community Gym Would be in demand, as the closest gym of this type is about 24 miles away Brings the community together for educational purposes such as Swimming classes Aerobic exercise lessons Healthy eating seminars Pool parties Gyms have a high precedent potential to attract all types of people and gyms can be used by all age groups of people Lodgings in the Otis Mill Community Gym Why Lodging Would Be in Demand Renovation of mills into residencies and hotels have been successful in the past Currently no lodging options less than 16 miles away from Jay Otis will need a place for visitors to stay when Banquet Hall for events (e.g. weddings ) is built Overnight visits to Mountains and Lakes Region focus on outdoor activities Jay has Trail systems for hiking and snowmobiling like the Whistle Stop trail Access to Androscoggin Skiing at Spruce Mountain Factors to Consider for Lodging Many mill renovations needed outside funding from government or foundations No studies/surveys for lodging demand specifically in Jay have been made Profit return on Mill relies greatly on traffic the banquet draws, risky to put all of capital into one project area Tourism in Jay may not increase with a hotel being implemented into Mill if marketing is not successful Further research into subject is needed, should wait for banquet plans to unfold Lodgings in the Otis Mill would most likely be a small inn or hostel in Areas K and L in Storehouse #1. A community gym would offer a space for the residents of Jay to exercise with a view and access to the river. Factors to Consider in Planning Stage Need to prove to loan officer/funders that business is profitable in a small town As an independent theater, owners will have to secure screening rights themselves Evaluate local market, must research: local film preferences desires and dislikes Must obtain a theater license. Most cities or municipalities have a licensing office that handles business licenses. Factors to Consider to Create Gym Community gym will cost approximately $8,972.65 per 100 square feet to construct Will cost approximately $238.67 per 100 square feet to set up different technology features in the gym, such as lighting; sound equipment; heating plumbing electricity The operational and construction costs are likely to exceed a feasible budget High costs translates to residents being responsible for an annual gym membership