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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 operationl <br /> <br /> Minnesota Sports Federation is request, ing direct participation from a' Community to <br /> §upport 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 f°i: the project~ <br />only participation in the form of a financing vehicle,· due t° MSF's non-profit'status. <br /> <br />This Project has Strong ~'°tential of signi.'ficant!y enhancing recreational oppc~rtunities <br />available for local residents as.well as providing the "imPortation" of a natural on- <br />going tourist attractiom As such,~ the location of this facility !n 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 two weeks to discuss the project in greater detail and t° determine <br />your interest in participating in the project. <br /> <br />lC) <br /> <br /> <br />