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HURL Field Acquisition Strategy

HURL Field Acquisition Strategy. Field Acquisition Goals. H.U.R.L Turf Sports Field (no rainouts – all games guaranteed) Preferred scheduling (leagues, tournaments etc…) Space for league and sport expansion Full field 340 x 240 = 2 full size ultimate fields (each field 340 x 120)

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HURL Field Acquisition Strategy

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  1. HURL Field Acquisition Strategy

  2. Field Acquisition Goals • H.U.R.L Turf Sports Field (no rainouts – all games guaranteed) • Preferred scheduling (leagues, tournaments etc…) • Space for league and sport expansion • Full field 340 x 240 = 2 full size ultimate fields (each field 340 x 120) • H.U.R.L does not want to become a property management company (Field to be managed by HRM)

  3. Costs to Build a Field in HRM • $0.75 M land value • $1.25 M site work • Need land to be given/donated • Land from city • Already existing field • Or need other Cost sharing Partners • HRM • Other Sport Organizations • Province (Sports and Recreation)

  4. Redevelop Existing Field Proposal to HRM HRM Maintains Field (they were going to anyway) HRM responsible for bookings of other 24 hours HRM Revenue Potential 30 weeks x 24 hrs/week x $52/hour = $37,440 per year Would cost 800,000 to turn an existing grass field into an all weather field 50/50 on time at the Facility 48 Total Prime Time Hours per week M-F 6-10 = 4hrs x 5 days = 20hrs S-S 8-10 = 14hrs x 2 days = 28hrs Each Party receives 24 hrs per week HURL books own 24hrs 24 hours @ 1.5 hours blocks 16 blocks x 4 teams per block = 64 teams 64 teams x 15 players per team = 960 potential HURL players @ 1 game/week

  5. Grass Versus Turf • Why would HRM want to do this?

  6. Annual Cost Comparison

  7. Loan Scenario $53,000 maximum annual revenues $100,000 in Field Fund 10 year term loan at 8% Interest

  8. Cost Sharing Proposal $43,677.96 / 750 HURL players = $58.23 per player $58.23 / 30 games = $1.94 per game Total per HURL player per 30 game season = $58.23 (field)+ $10 (dues) = $68.23 Currently paying $85 per season - $68.23 = $16.77 Savings More games, less cost per game & on the best quality field available Bottom Line – Less cost per player for a much better product!

  9. New Field Development Costs

  10. Field Redevelopment Budget

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