1. February 7, 2019

2. Move In Phase Crossroads style $1,818,214.
Master Plan Cost - $4,100,000
Move In Phase Project:
Renovate Auditorium:400 seats
Add LULA elevator and Fire Suppression
HVAC all renovated areas
Partially basement and third
floors (kid & student spaces)
Includes $50K budget for special theme items for Kids and Students spaces
Utilize existing AV/Tech equipment
$20K budget for short term (3 – 5yr) basement waterproofing
Image of Broadstreet
Move In Phase Crossroads style $1,818,214.

3. Making it Happen – Move In Phase
Collections required prior to renovation = $150K
Projected time to collect $150K = March 3, 2019
Move In Construction timing: March 3, 2019 – February 17, 2020
Projected time to collect all pledges = 36 months
Loan at end of 3-yr pledge collection = $719K
Loan payment = 5.5% interest and 15-year note
Approximate time to complete Move In Phase = 12 months.

4. Reality is there will be short term debt to execute BPM.
Potential debt at the end of 2022 pledge year: $720K
Steps to reduce/eliminate this debt
Additional Capital campaign beginning 2022
Including raising funds to complete the Master Plan
Obtain 15 year 5.5% interest rate: $5,909/month payment (Current rent at AHS $5,350)
Reality is there will be short term debt to execute BPM.