1. Update on Options September 2012

2. Issues for this meeting:  Green Hotel options  Other site/building options  Business Plan  Funding

3.  R22 deadline 1 January 2015  Continuity of curling – a given?  Compliant curling rink by September 2014  Money is limited – realistic options?

4.  Curling is an aging sport  Green Hotel ice bookings are falling  Is this fall temporary or permanent?  Is there scope for optimism? ◦ Schools/juniors growth ◦ KCS ◦ Development Officers  Implications of demand for size of rink

9. Lease or buy? Options? LEASEBUY BUILDING Green Hotel rink Industrial buildings Dunfermline Sands Warehouse Old High School SITE Market Park Kinross western edge Pitreavie? Health Centre Pitreavie?

10.  Options ◦ 4 sheet refurbishment ◦ 5/6 sheet extension ◦ Costs  Lease Heads of Terms  Catering  Phasing; DIY elements?  Permanent solution or stop-gap?

11.  Option 1a £907,000  Option 1b £1,100,000  Option 2£1,370,000  Option 3£1,830,000  Figures include prelims; 10% contingency

14.  Buy and adapt  Surplus space and land – income source?  RCCC do NOT want to co-locate – removes guaranteed sub-let  Costs ◦ c.£1m acquisition ◦ c. £0.75m Fit-out?  Planning – change of use  Funding – raise capital via shares?  Other interests – time very short

16.  Buy, demolish, new build  Site size limitations – car parking?  Synergies with Leisure Centre, Campus?  Costs: ◦ £0.5m Acquisition/demolition ◦ New build (cp. Cupar) c. £1.25 – 1.5m?  Capital for acquisition?  Leisure use ok in planning terms?

18.  Mixed uses/community element?  Old building could be a problem for a developer?  Sketch scheme – curling rink within shell of old building  Major housebuilder is preferred bidder  Deal with PKC – 100% residential  Reject curling use at front of site  Council to approve terms of deal

19.  Options? No obvious ones ◦ Market Park – Local Plan seems to rule out ◦ Kinross West – PKC want business/industrial uses ◦ Agricultural land – is out of town viable? ◦ Industrial land/buildings Dunfermline – nothing suitable; lease costs £50 – 70k p.a. unaffordable? ◦ Dunfermline Pitreavie – problems securing own bar/catering  Keep under review as longer-term option?

20.  Framework of Plan is in place  Modestly profitable business is possible  Examining key efficiencies: ◦ Energy costs ◦ Bar/catering franchising ◦ Flexible staffing duties ◦ Membership fee for Rink? Or add to ice charges?  Green hotel rental a key decision  Need to decide option and funding package before finalising

21.  Lease and adapt a building is cheapest (Green Hotel option)  Lease ground and build new – capital construction costs eligible for grant  Buy land/building – possibly most expensive; purchase costs unlikely to attract grant

22.  Sportscotland – c.£300k?  Gannochy – depends on option; up to £500k?  Other Trusts – up to £100k?  WCF Loan (more likely for new build) $50k per sheet  Soft loans – Charity Banks  Commercial loans – max. £300 – 400k?  On-line fundraising – Virgin Giving etc  Sponsorship/advertising (possibly revenue?)  Club fundraising

23. Total £1.44m

24.  May need to raise £0.5m – 1.0m  Property Company within Trust structure?  Shares issue?  Could there be a small dividend?  What is the likely demand within curling?  Sands - need to assess demand quickly  Could raise capital as longer-term option – Green Hotel as short-term option?

25.  Own or lease?  Are there short-term and longer term options?  What is feasible by September 2014?  Is Green Hotel acceptable either short or long-term?  Can the curling community raise significant capital sums?