5. Facility Funding for New Astros & Nationals Spring Training Facility

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  • 8/11/2019 5. Facility Funding for New Astros & Nationals Spring Training Facility

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    West Palm Beach, Florida

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    Washington Nationals & HoustonAstros

    Spring Training Construction BudgetU13" W/&K X V315131"2 Y*LH?A*HM(>

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    ANNUAL RENTPAID BY THETWO TEAMS

    Rent $2.2M for 8 yrs - $2.5 M for 12yrs - $2.65 M for 8 yrs @ 4.32%

    $38,465,000 bondingcapacity

    =:D@EEB@BBB 9"/8%/F

    50-05%'3PALM BEACH

    COUNTYCurrent TDC $3M for 30yrs @ 4.28%

    STATE OFFLORIDA Florida Statutes $2.0M for 25yrs @4.14%

    $31,365,000 bondingcapacity

    =E:@E>B@BBB 9"/8%/F

    50-05%'3REQUEST

    Financial Analysis

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    1st& 4thCent Committed Expenses

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    !"#$%&' )*+*,"-.*/' 0"#/1%,

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    Revenue Growth 3.5%/ No EscalationBaseCase

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    Revenue Growth 3.5%/ 3.1% Escalation

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    Lost $ Marketing & Grants by Risk to Agencies Budgets

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    Washington Nationals & Houston AstrosSpring Training Construction Budget

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