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We have attached a preliminary economic analysis based upon just the <br />basketball/volleyball participants as well as an article assessing the economic impact <br />of the Amateur Softball Association of America's facility in Oklahoma City. <br />Although the facility in Oklahoma is a national facility, versus this statewide facility, <br />it is estimated that the National Softball Hall of Fame and headquarters generates over <br />$27,000,000 of local impact into their community. <br /> <br />COMMUNITY PARTICIPATION <br /> <br />The Minnesota Sports Federation has a strong on-going annual membership base <br />which provides significant annual revenue for operations. The tournament and <br />membership fees, based upon trends already established, generates sufficient revenue <br />to operate this facility. As a non-profit organization, the Minnesota Sports Federation <br />is also in the process of raising a significant capital contribution to be utilized for this <br />project. Upon initiation of serious discussions with a community, Minnesota Sports <br />Federation will provide a detailed analysis of its organization's current financial <br />standing, status of its fund raising, and anticipated cash flows from the operatiOn. <br /> <br />Minnesota Sports Federation is requesting direct participation from a community to <br />support this project. Based upon meeting the initial site requirements, the Sports <br />Federation would request direct assistance from the community in the form of making <br />appropriate land available for the facility and to provide bond financing for the <br />facility. The bonds would be repaid by the operating revenue generated by the <br />Minnesota Sports Federation. <br /> <br />The Sports Federation is not seeking any direct operating subsidies for the project; <br />only participation in the form of a financing vehicle, due to MSF's non-profit status. <br /> <br />This project has strong potential of significantly enhancing recreational opportunities <br />available for local residents as well as providing the "importation" of a natural on- <br />going tourist attraction. As such, the location of this facility in your community will <br />provide increased opportunities for local residents as well as significantly enhanced <br />commerce in the local community. <br /> <br />We encourage you to review this profile and the attached information to gain a better <br />understanding of the MSF and proposed project. We would anticipate meeting with <br />you within the next tw° weeks to discuss the project in greater detail and to determine <br />your interest in participating in the project. <br /> <br /> <br />