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Triangle Sportsplex
<br />2005 -06
<br />Through _ 'Through
<br />1999 -00 2000 -01 2001 -02 2002 -03 2003 -04 2004 -05 2009 -10 Total
<br />Project Costs
<br />Land/Building
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />Design
<br />$0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />$0
<br />Construction
<br />Other
<br />$0
<br />$2,100,000
<br />0
<br />400,000
<br />400,000
<br />400,000
<br />400,000
<br />300,000
<br />0
<br />$4,000,000
<br />Total Costs
<br />$2,100,.000
<br />$400,000
<br />$400,000
<br />$400,000
<br />$400,000
<br />,$300,000
<br />$0
<br />$4,000,000
<br />Funding Sources
<br />Sales Tax
<br />$2,100,000
<br />$400,000
<br />$400,000
<br />$400,000
<br />$400,0000
<br />$300,000 $00
<br />$4,000,000
<br />Bond Funds
<br />$0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />$0
<br />Private Placement
<br />$0
<br />0
<br />p .
<br />0
<br />0
<br />0
<br />0
<br />$0
<br />Grant Funds
<br />$0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />$0
<br />Fees
<br />$0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />$0
<br />Other
<br />$0
<br />0
<br />Total Fundinga
<br />$2,100,000
<br />$400,000
<br />$400,000
<br />$400,000
<br />$400,000
<br />$300,000
<br />$0
<br />. 54,000,000
<br />Project Description
<br />The Sportsplex activity center, located in the Meadowlands Business Park near I -85 and N.C. Highway 86
<br />interchange in Hillsborough, opened in April 1995. The activity center includes an indoor swimming pool
<br />facility along with an ice rink, fitness center, community meeting rooms, sports shop, and a snack bar.
<br />Pursuant to an operational agreement between the County and the Sportsplex, Orange County will provide the
<br />activity center with a.total of $4,000,000 over a ten -year period (annual installments of $400,000 each). In
<br />return, Sportsplex staff consults the County in the programming of the pool facility. In addition, the Board of
<br />County Commissioners appoints one less than a majority of the Sportsplex.
<br />Because Orange County does not operate the facility, there is.no significant impact on the County's operating
<br />budget.
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