Creative Ways to Find Money for the Facilities

That You Desperately Need.

Connecticut Recreation and Parks Association

November, 2013

Tom O’Rourke, Executive Director

Charleston County Park and Recreation

Commission

www.ccprc.com/orourke

3 Issues to Discuss

1. What does it take to build a first class facility?

2. How much does it cost?

3. Where do you find the money to pay for it?

What kind of project will this be?

... or you can do it like this.

First, Educate Yourself

Be aware of the LIMITING factors.

Take into consideration multi-use.

Now that you are Educated,

Who Do You Hire?

• Know what are the main issues with your project.

• Know the difference between the professionals;

Architect

Landscape Architect

Civil Engineer

Electrical Engineer

Soil Consultant

Landscape Contractor

How much does it cost to build

this field?

Factors Affecting Costs

Topographic and Soil Conditions

Vegetative Cover – (Not just clearing!)

Fill Materials

Irrigation Source and local regulations

A professional project will have

Clearing

Grading

Lighting

Grass

Underdrain

Fencing

Bleachers

Design Fees

Parking

Restrooms

Press box

Land Costs

How much does it cost to build

this field?

Back to the Original Question

One Full Size Baseball Field

Minimum 300’ to Fence

• Baseball Field

• Electrical General 1,000

• Lighting 160,000

• Underdrain/Drainage 16,000

• Clay 6,000

• Fencing/Dugouts/Backstop 21,000

• Foul Poles 4,500

• Furnishings 5,000

• Irrigation 22,000

• Sod 44,000

• Rough Grade 38,000

• Fine Grade 18,000

• Clearing/Grubbing 14,000

• Total - $349,500

Soft Costs – 8% = $27,960

Contingency – 10% = $37,746

TOTAL FOR PROJECT

$416,206

One Full Size Softball Field

190’ - 225’ to Fence

• Softball Field

• Electrical General 1,000

• Lighting 140,000

• Underdrain/Drainage 13,000

• Clay 4,000

• Fencing/Dugouts/Backstop 18,500

• Foul Poles 4,500

• Furnishings 4,000

• Irrigation 15,000

• Sod 18,000

• Rough Grade 17,000

• Fine Grade 7,6,00

• Clearing/Grubbing 7,000

• Total – 249,600,500

Soft Costs – 8% = $19,968

Contingency – 10% = $26,956.80

TOTAL FOR PROJECT

$296,524.80

How Do You Pay For It?

You first need to know

EXACTLY how much you

need

You need $ 416,206…Right?

Instead of $ 416,206

• Assuming a 5% interest rate

• Assuming paying back over 20 years

• $ 2,937 / Month

• $ 35,244 / Year

If you need $1,000,000

• Assuming a 5% interest rate

• Assuming paying back over 20 years

• $ 7,048 / Month

• $ 84,576 / Year

Bond Costs

• 1 million - $84,500 / year

• 5 million - $422,500/year

• 10 million - $845,000/year

• 20 million - $1,690,000/year

Where Do You Get the Money?

Real Sources

• Existing Capital Funds

• Revenue Bond

• Hospitality Taxes – Accommodations Taxes

• User Fees

• Lease Agreements

Your Own Capital Budget

• Norwalk CT. $ 19,684,000 / Year

• City of Watterbury. $ 17.1 Million / Year

• South Windsor $ 280,000/ Year

Other Sources of Capital Revenue

• Outside Sports groups, using your fields, are raising a lot of money.

• Hotel – Motel Taxes – Getting an Advance?

• Don’t own – Lease

• Grants – (Maybe)

• Rich People

• Foundation Formulation – 501 c 3

Summary • Understand true costs to construct.

• Understand your communities capital budget

• Have your program do more than the direct

impacts to open yourself up to philanthropic dollars

and donations.

• Get in the FOUNDATION game.

Thank You

www.ccprc.com/orourke