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- Robert Morris Associates <br />- International Health, Racquet & Sportsclub Assoc. <br />Triangle Sportsplex- Facilities Investigation and Evaluation Report <br />Current Sportsplex Facility: Financial Performance Highlights <br />• Benchmark Underperformance <br />• Heavy Payroll (Headcount) <br />• Pool Operations Comparatives <br />• Current Operation w/$6 Million debt service and future replacement cost: $972, 000 subsidy <br />Stand Alone Senior Center Plans: Financial Highlights <br />• At Least $2.5 Million Budget for Construction (same per S. F. cost Chapel Hill)--Does Not <br />Include Land Acquisition <br />• $267, 000 in Start Up Costs <br />• Initial Year Cash Flow Subsidy: $663, 000 <br />• Ongoing Annual Cash Flow Subsidy: $395, 000 <br />Combined Facility Analysis: Acquisition & Development <br />• Background: <br />- Eaton Vance Asking Price: $6 Million <br />- Replacement Valuation: <br />. Cost Approach: $10 Million <br />. Tax Value: $6.8 Million (Replacement Cost less 42% adjustment, including land <br />value at $1.36 Million ) <br />Combined Facility Analysis: Conceptual Development Budget <br />Combined Facility Analysis: Senior Center Addition <br />• Conceptual A&D Budget Estimate: <br />