The vision is that the Maple Leaf will provide seating for 2,000 patrons

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5 The vision is that the Maple Leaf will provide seating for 2,000 patrons

6 Pictures are provided for concept purposes. The design elements still need public input.

7 Pictures are provided for concept purposes. The design elements still need public input.

8 It is proposed that The Maple Leaf will provide beverage and concession service and have a log cabin feel in appearance. It will not compete with local restaurants.

9 The Maple Leaf will use materials native to the area such as Brown County stone, whenever possible. LEED certification will be pursued to the extent the budget allows.

10 Construction Innkeepers Tax & CVB Operating Numbers

11 (How much will it cost to build?)

12 EXPENSE (Total Building Costs to Construct MLPAC) Land, Site Work, Building $8,025,500 Sound System, Furniture Etc. $747,500 Contingency $650,000 Total $9,423,000

13 EXPENSE (Total Administrative Costs to Construct MLPAC) Legal, Title, Survey, Appraisal, etc. $180,000 Civil Engineer, Architect, Soils $314,300 Total $494,300 EXPENSE (Total Financing Costs to Construct MLPAC) Bond Sale $130,000 Interest Carry (Under Construction) $216,356 Total $346,356 Total Administrative & Financing Costs $840,656

14 Building Costs $9,423,000 Administrative & Financing Costs $840,656 Grand Total $10,263,656* *These estimates are based on significant experience in the commercial real estate development area but they are estimates only. Actual bids will be taken prior to the funding of the bonds to make sure these estimates are accurate.

15 Amount of Bonds* (Loan/Total construction costs of the Maple Leaf) $10,263,656 Coupon Rate (Interest rate) 3.50% Call Date (Amortization Schedule) 30 Years Annual Bond Payment (Mortgage Payment) $553,061 *Maple Leaf will not negatively impact the County s ability to do future projects.

16 (How will bond payments affect the CVB budget?)

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18 The Innkeepers Tax is calculated by taking 5% of the fee charged for all overnight stays in Brown County that do not exceed 30 days for all establishments except camp grounds. Those funds are collected by the Brown County Convention and Visitor's Commission (CVC). Statute provides that those funds be distributed to non profit agencies for the sole purpose of marketing Brown County to potential guests who will spend the night in the County. The CVC has hired the Convention and Visitors Bureau (CVB) in the recent past to fulfill the requirements mentioned above. The CVC sets the annual budget of the CVB which may not be for 100% of the Innkeepers Tax collected, which leaves potential funds available for other needs or organizations.

19 REVENUE (Innkeepers Tax Collection by Year) Innkeepers Tax CVB Budget 2007 $617,510 $570, $629, % $550, $657, % $580, $662, % $600, $645, % $600, $714, % $693, $745, % $693, $714, % $693, $776, % $693, $813, % $693, $868, % $712,500 Estimate

20 Innkeepers Tax CVB Budget Estimated Innkeepers Tax 2017 $868,683 $712,500 Estimated Innkeepers Tax 2018 (5% increase) $912,117 $712,500 Estimated Innkeepers Tax 2019 (25% increase) $1,140,146 $712,500 Less Bond Payment ($553,061) Innkeepers Tax Available to CVB $587,085 ADD: Cost Savings Associated w/mlpac $150,000 Projected CVB Budget $737,085 $712, Business as Normal, 2018 Business as normal-under construction-bond pmt in proceeds

21 (How will the Maple Leaf pay its bills?)

22 A County Commissioner appointed Redevelopment Authority will be responsible for hiring the management team or entity to handle the day to day operations of the venue. We have had extensive conversations with Live Nation and their sister company Ticketmaster on providing the booking service for bringing musical acts to this venue but no decision has been made.

23 An analysis of the economic impact of a reopened music venue would have on the Nashville economy was conducted and based on a custom economic and revenue impact program developed by Allied Economics and based on assumptions about daily expenditures by tourists provided by D.K. Shifflet and Associates, a Virginia-based travel research and consulting firm. The analysis used the following attendance figures to compile their findings, assuming a grand opening in 2014: Annual attendance of 130,000 people based on a 9 month season, 40 weekends, with two shows each weekend. Attendance assumed to be 1,625 people per show, or 80% occupancy. Study stated that it based its study on 130,000 attendees but that estimate could be boosted to 240,000 attendees if a third show was added per week. The owner of a former local music venue was quoted in the study as saying that the local venue s worst year for attendance was 60,000 attendees. Assuming the above, the increase in annual revenue to Nashville businesses was projected to be $10,366,836* *This is a VERY conservative number as the study used $29 per night as the hotel stay and the study stated that only 15% of attendees spent the night.

24 Income Ticket Sales 60,000* Guests at $45/ticket $2,700,000 Food $60,000 Beverage $300,000 Total $3,060,000 Expense Performers $900,000 Food, Beverage, Production, Booking Fees $679,760 Payroll, Marketing, Maint., Insurance, Energy, Reserves $727,200 Total ($2,306,960) Net Operating Income (Profit Before Making Bond Payment) $753,040 *equates to 60,000 annual attendance as compared study that assumed 130,000

25 Net Operating Income (Profit before making bond payments) $753,040 Less Bond Payment ($10,263,656,3.5% Coupon, 30 yr amort) ($553,061) Estimated Annual Profit $199,979

26 Estimated Annual Profit $199,979 based on 60,000 guests $390,989 based on 75,000 guests $709,339 based on 100,000 guests $1,091,359 based on 130,000 guests

27 *Assuming the MLPAC generates a profit, the profit could be used for purposes other than paying down the bonds. PILOT (Payment In Lieu Of Taxes) As suggestions: a percent to go back to the Convention and Visitor s Bureau until funds reach their 2017 levels, A percent to go to County Government to help offset future tax burdens on residents a percent donated to the Community Foundation, a percent to go to the Playhouse to provide for its long term viability, a percent to go to the Town of Nashville to offset costs, an initiative to fund broadband internet to rural county residents All of the above! Input needed

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29 Convention and Visitor s Bureau Convention and Visitor s Commission Redevelopment Commission Redevelopment Authority (To be appointed) Board of Commissioners County Council Area Planning Commission Nashville s Town Council

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31 View of the site from the east looking west.

32 View of the site from the south looking north.

33 Walking distance from every major hotel in the county Parking is shown as a yellow P. Site plan will show that Maple Leaf will provide for 585 parking spaces. Far more than code requires.

34 Two entrances/exits. Hawthorne Drive and the future Maple Leaf Boulevard Propose to widen Hawthorne Drive to three lanes. Two lanes in and then two lanes out Propose extending Chestnut for two means of ingress/egress from Hawthorne Dr. Access from Hawthorne Dr. proposed to be through police station or around police station as depicted here.

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37 TOURISTS WHO BOOK OVERNIGHT STAYS

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39 JOINT ADVERTISING AND MUTUAL BOOKING DECISIONS MORE OVERNIGHT GUESTS TO THE COUNTY WILL HELP THE PLAYHOUSE. FINANCIAL CONTRIBUTIONS CAN BE MADE TO THE PLAYHOUSE FROM THE PROFITS OF THE MAPLE LEAF TO HELP SUSTAIN PLAYHOUSE AS THE FACILITY WILL BE COUNTY OWNED, THERE WON T BE THE TRADITIONAL COMPETITION FOR BOOKING ACTS AS THERE WOULD BE IN THE PRIVATE SECTOR.

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42 DON T CONFUSE PREPAREDNESS AND HOMEWORK WITH TRYING TO AVOID PUBLIC INPUT. THIS PROJECT CAN ONLY HAPPEN WITH ALL YOUR SUPPORT AND WE WELCOME ALL INPUT AS THIS IS YOUR MAPLE LEAF.

43 LOOK AT WHAT WE CAN ACCOMPLISH! WE CAN SHAPE THIS COUNTY S FUTURE AND DO SOMETHING AMAZING THAT WILL NOT ONLY BENEFIT OURSELVES BUT GENERATIONS OF BROWN COUNTY RESIDENTS TO COME AND IT STARTS RIGHT HERE! THIS IS THE FIRST STEP, NOT THE LAST