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HomeMy WebLinkAbout08242010 PA COMMONS UPDATEPrincess Anne Commons
Athletic Village Update
City Council Briefing
Cindy Curtis, Directo
August 24, 2010
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SPORTSPLElC
Year Opened: 1998 Original Cost: $11.1 M
FY 05-06 06-07 07-08
Revenues $103, 933 $84, 621 $62,194
Expenses $481, 548 $402, 277 $334,504
Net ($384, 615} ($317,656} ($267, 814}
Eye nts
47
33
FIELD HOCKEY TRAINING CENTER
29
Year Opened: 2001 Original Cost: $3.6M
FY 05-06 06-07 07-08
Revenues $27,245
Expenses ** $131, 888
Net (5154.64
Eye nts 25
$22, 486
$154, 537
'5131.551
29
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Virginia ~eacli Field House
es4 * li:ten « csear?
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Virginia Beach Fieldhouse
vir ~ ~eacl~ Field Howe Under Construction
Construction approximately 90% complete as of August 19, 2010
Category II Storm shelter building upgrades will:
• Enhance sheltering opportunities for the citizens of Virginia Beach
during an emergency;
g Enhance mass care capabilities during a catastrophic event
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F'ropased Improvements
Phase I-A
Construction of
^ 175,000 ft2 indoor sports field house facility
Infrastructure enhancements
^ Entrance realignment
^ Utility extension
^ Stormwater pond upgrade
^ Parking lot paving
Total Phase I - A
Phase I-B
~~ Three-Year Option to Construct
6 Fields
^ Artificial Turf
^ Lighted
Total Phase I - B
Private Sector Investment
$12,850,000
$ 1,725,000
$14,575,000
$8,500,000
Grand Total Phase I $23,075,000
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Virginia beach Sportsplex
~partsplex Camnrans -Retail
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F'raposed Improvements
Phase II-A
Sportsplex/USER Improvements
Artificial turf installation -Sportsplex
Concession upgrades -Sportsplex &USFH
^ Private Box upgrades -Sportsplex
^ Spectator seating expansion -USFH
Phan
r Construction of
50,000 ft2 retail complex and infrastructure
Tota I
Private Sector Investment
$1,195,000
$ 6,475,000
$7,670,000
~6enefits aftlicse Projects
:Advances master plan goals of PA
Commons
,Meets documented athletic facility
needs
r Improves existing city infrastructure
and landscaping at no taxpayer cost
r Provides needed medical sheltering
facility
benefits afthese Projects
:Provides community recreation
amenities at no cost to taxpayer
,Increases opportunities for sports-
related tourism
s Reduces city operating expenses
.Increases tax base
CCU ESTI U N S~'