1. Market Analysis and Funding Sources Subcommittee August 9, 2012 1 Stadium Advisory Committee

2. Subcommittee Update 2  Received input from Fort Collins and Denver business communities through Chamber of Commerce surveys and adjusted projections as necessary  Internal review and modification of financial model to match all recent revisions to the building program  Reviewed historical data and revised model  Internal review of projections and supporting details with CSU-Fort Collins and CSU System financial experts  Presented projections to CSU Board of Governors

3. Updates to Assumptions 3  Revised number of priority and premium seating to match both the building program and reflect updated survey results  Scenarios based on percentage sold  Added tailgate revenue line  Added an additional expense line for NSM sponsorship share and an incremental cost to sell sponsorship  Revised Hughes Stadium existing income line

4. Assumptions Used in Financial Projections CSL has developed 3 potential operating scenarios. Attendance has been inflated by 4 percent per year from Year 1 to Year 5. Attendance remains constant after Year 5.

5. Year 1 Operating Comparison

6. Project Funding Sources 6 1. Private Donations 2. Corporate Naming & Sponsorships 3. Premium/ Priority Seating 3. Premium/ Priority Seating Total Project Funding Sources 4. Event, Facilities Development Fee and Other Revenue Financed Revenue Streams Financed Revenue Streams 5. Ticket Revenue 6. Misc. Revenue (concessions, merchandise, tailgate & parking) University Operating Revenue Streams University Operating Revenue Streams Stadium Expenses

7. Project Funding Sources 7 1.Private Donations $45M-$220M 1.Private Donations $45M-$220M 2. Corporate Naming & Sponsorships $3.5M-$4.8M 2. Corporate Naming & Sponsorships $3.5M-$4.8M 3. Premium Seating $3.7M-$6.7M 3. Premium Seating $3.7M-$6.7M Total Project Funding Sources $173M-$437M Total Project Funding Sources $173M-$437M 4. Event, Facilities Development Fee and Other Revenue $.44M-$1.4M 4. Event, Facilities Development Fee and Other Revenue $.44M-$1.4M Financed Revenue Streams Annual: $7.6M-$13M Financed: $128M-$217M Financed Revenue Streams Annual: $7.6M-$13M Financed: $128M-$217M 5. Ticket Revenue $4.3M-$9.8M 5. Ticket Revenue $4.3M-$9.8M 6.Misc. Revenue (concessions, merchandise, tailgate & parking) $.96M-$3.2M 6.Misc. Revenue (concessions, merchandise, tailgate & parking) $.96M-$3.2M University Operating Revenue Streams Annual: $2.4M-$9M University Operating Revenue Streams Annual: $2.4M-$9M Stadium Expenses Annual: $2.8M-$4M Stadium Expenses Annual: $2.8M-$4M