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3 <br /> TRIANGLE COMMUNITY ACTIVITY CENTER <br /> EXECUTIVE SUMMARY <br /> BORROWER <br /> The borrower and operator of the TCAC will be the Triangle Youth <br /> Hockey Association (TYHA) , a non-profit, NC corporation. It has been in <br /> existence since 1981 and for the last 2 winters has leased and operated <br /> the Ice hockey rink at the Daniel Boone Center in Hillsborough. <br /> SERVICE PROVIDED. <br /> The proposed TCAC will be located at Meadowlands on Hwy70 Business <br /> east of Hillsborough. It will have under one roof, a full sized Ice <br /> Rink, an Olympic sized swimming pool and communual rooms and equipment <br /> to provide fitness classes and areas for local clubs and societies to <br /> meet. <br /> THE MARKET <br /> TCAC is expected to become a focal point for Orange county activi- <br /> ties as well as attracting a wider based patronage for its sporting <br /> facilities. The Ice Rink at Daniel Boone will be taken out of service <br /> permanently and the winter season activities of TYHA have shown a <br /> demonstrable need by a wide range of the public for a rink in the <br /> Orange county location. <br /> The Orange County Board of Commissioners have committed an initial <br /> amount of funding for the construction of a public swimming pool <br /> facility in the county's 92-97 Capital Improvements Plan. <br /> THE COMPETITION <br /> Other Ice rinks in the market area are located in Raleigh, Cary and <br /> Greensboro. TYHA has already proved itself competitive while opening on <br /> a 6 months basis. The assumptions used by TCAC are that year round <br /> opening will increase the support by a factor of some 25% over extrapo- <br /> lated 1992/3 usages. <br /> In Chapel Hill there are 2 public pools (1 year-round;l seasonal) <br /> but none elsewhere in the county. Research of faclities in Durham and <br /> Raleigh show the levels of usage and admissions that can expect to be <br /> popular with the public. Nationally accepted and locally adopted <br /> facility standards call for the construction of two additional public <br /> swimming pools in Orange County. <br /> THE MARKETING STRATEGY <br /> A broad range of established mechanisms involving the Press, <br /> Television and local events will be used to bring the new facilities to <br /> the public' s attention. <br />