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43 <br /> Slide#8 <br /> Economic Impact and Indirect <br /> Revenues <br /> • Large tournaments such as the College Series Soccer <br /> Showcase bring significant economic impact to area <br /> • Showcase is a premier event that attracts players and <br /> recruiters from all over North America and beyond <br /> - The Girls Soccer Showcase event in December 2024 generated an <br /> estimated$1.33 million in direct business sales <br /> • Other large annual events take place at the Soccer.Com <br /> Center <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #9 <br /> Closing Thoughts <br /> • Revenue Generation <br /> — The Center brings significant economic benefits on and beyond site boundaries. <br /> — Expanding usage could increase revenues—but comes with a cost <br /> • Cost Coverage <br /> - Like many mid-size municipal facilities, the Center does not cover all its costs <br /> • Facility Improvement <br /> — Soccer.com is over 15 years old with no major renovations to date <br /> — Existing fields and irrigation systems need upgrades (reflected in the CIP) <br /> — Phase 2 would add 3 new fields and additional park ing/restrooms/entry <br /> • Playing Surface <br /> — Bermuda grass fields considered a high-quality playing surface <br /> — Continued debates on synthetic vs grass turf fields <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> David Stancil said synthetic turf offers more revenue opportunities. <br /> Vice-Chair Hamilton said it is important to try to capture the economic impact of soccer <br /> tournaments and use. She said that attendees may be generating occupancy tax, and those <br /> revenues could be supporting some of the cost of operating the facility. <br /> Chair Bedford said it is important to count the cost of staff in an analysis of the operating <br /> costs. She said travel sports families are going to stay at lower-cost facilities that may not be in <br /> Orange County. <br />