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7. What would the assessed rate really be?
Assuming 4% interest over 30 years
Construction costs increase yearly
1. Fundraising Time
Constraint
4. Borrowing Costs
With a yearly bond payment at $400,000, what creative financing mechanisms can we use?
- Start positive media campaign-tv, newspaper, magazine, social media
- Identify 100-150 corporate sponsors (est value 6K/year)
- Build gifting website/social media
- Fundraiser # 1
5. Save Tax Payer's Money
- Finalize $314K/year sponsorship
packages (total)
- Identify possible naming rights
sponsor (est value 200K/year)
April - June 2015
- Set LID Hearing Date
We want to fund the bond payment via private money instead of public money.
Look for additional sponsorships or use the LID to fund the difference.
Naming rights/sponsorship money will be used to make the bond payments.
Leaving a yearly deficiency of $86K for bond payment.
Sell event center naming rights
at $200K/year over 5 year deals.
January-March 2015
- Meet with Bond Counsel
- Identify the LID boundary
- Meet with Idaho Falls Council
Total projected yearly revenue from sponsorships/naming rights would be $314,000.
Sell corporate sponsorship packages and signage (15 at $6000/year).
Luxury suite naming rights (3 at $3K/year).
Sell naming rights on the hockey ice and scoreboards ($15K/year)
- Finalize LID revenue
8. Time Frame
- Complete LID boundary
- Verify property assessed value
- Meet with supportive property owners
July - September 2015
- Complete LID Hearing Date
- Finish any outstanding protest hearings
- Start construction of event
center
- Finalize sponsorship packets and valuation
- Adjust sponsorship/signage to compensate additional revenue
-Email out sponsorship packets
- Meet with potential businesses about
naming rights
- Evaluate revenues versus expenses in the bonding district
- Continue positive PR campaign via press and media
- Fundraiser # 2
- Open additional naming rights for suites and seats
- Secure & Finalize naming rights
October - December 2015
We want to fund the bond payment via private money instead of public money.
Look for additional sponsorships or use the LID to fund the difference.
Naming rights/sponsorship money will be used to make the bond payments.
Leaving a yearly deficiency of $86K/year for bond payment.
Sell event center naming rights
at $200K/year over 5 year deals.
Total projected yearly revenue from sponsorships/naming rights would be $314K/year.
Businesses that will have a direct benefit from the event center.
Sell corporate sponsorship packages and signage
(15 at $6K/year).
Luxury suite naming rights (3 at $3K/year).
Sell naming rights on the hockey ice and scoreboards ($15K/year)
Assessed value within the proposed boundary is 208 million dollars.
LID is an assessment on the property, NOT a tax.
3. LID Boundary
6. How To Repay the 7 Million Bond
Making Dreams a Reality
Use the district property base to secure 7 million dollar bond.
Borrowing costs on a 7 million dollar bond is $33,400/month.
Use the district tax base to secure 7 million dollar bond.
Pay back bond with the event center naming rights and corporate sponsorships.
Our goal is to mitigate the amount assessed.
Assessed
Rate
2. Propose a LID (Local Improvement District)
Time is of the essence
Our #1 job is to build the facility with little to no adverse financial impact on the business property owner.
Pay back bond with the event center naming rights and corporate sponsorships.
Depends on the success of the naming rights & corporate sponsorships.
Need to have a building before securing naming rights and corporate sponsorships
Use the district tax base to secure 7 million dollar bond.
Pay back bond with the event center naming rights and corporate sponsorships.
$86K / $208 million assessed value in the LID would $41/year/100K valuation.