Minutes

OM

Our next steps

Recommendation

>< Pursue $15.5MM Bond - subject to private
donations/contributions being raised in
advance for an endowment fund to sustain
operations

>< Immediate Issue(s)
>< Alec Shoes — An option is necessary
>* Bond Request — Develop financing plan

>< Capital Campaign — Develop infrastructure to
raise $4M to capitalize endowment

>* Seed capital — to advance fundraising and
physical planning

Webb Management Services Inc.

Page 46

NASHUA PERFORMING ARTS FACILITIES CRITICAL PATH PLAN

OM

Responsibility Q3 Q4 Qi Q2 Q3 Q4 Q1 Q2 Q3 Q4 Qi Q2 Q3 Q4

SN3d0 OVd ‘LS NIV

Webb Management Services staff Staff

Contractors in place Staff

building creativity

Economic impacts - qualitative

Qg0M

A catalytic project for the redevelopment
of downtown Nashua.

Attracting companies, workers, and
residents to downtown Nashua.

A key attraction within a district for tourism
development.

ey
im
i re
ak
2
oad
a

—

Webb Management Services Inc. Page 44

building creativity

Economic impacts - quantitative

Qg0M

Summary of Economic Impacts on Hillsborough County

Qg0M

Estimating Audiences

Economic impacts - quantitative

Year 3 Paid Theater Attendance
Hillborough County Attenders
Recovered County Attenders
Non-County Attenders

70%
20%
30%

26,000
18,200
5,200

7,800

building creativity

Ancillary Spending Impacts of the Center Theatre on Hillborough County

Total New Outputs

Ancillary Spending impacts Par Capita Expenditure Total Direct (Induced)

building creativity

Economic impacts - quantitative

Qg0M

Annual Operating Impacts on Hillborough County
Bill of Goods Approach (Year 3)

; Inputs Multipliers Outputs
Category Re ronan ane Fiuanernen ants Output (dollars) Fn Empl't (jobs) naa Earnings New Empl't (jobs)

building creativity

=

O
©...
o

One-time Impacts of Construction on Hillborough County

Economic impacts - quantitative

Input - Construction Budget $ 12,000,000
Final Demand Multipliers

Outputs (Industry 2332C0) Project Outputs

Sales 1.6609 $ 19,930,800
Earnings 0.4942 $ 5,930,400
Employment (person-years of 9.3501 112

employment)

Webb Management Services Inc. Page 40

OM

Economic impact analysis

Calculates the economic impacts of building and operating new
facilities in Nashua.

Informed by RIMS Type II multipliers purchased from the Federal
Bureau of Labor for Hillsborough County.

Direct, indirect, and induced impacts based on construction,
operations, and audiences.

Year three of operations for new facilities.

Webb Management Services Inc. Page 39

Qg0M

Pro-forma
operating
budget

Pro-forma Budget Summary Pre-Opening

Earned Income
Ticket Sales

Rental Income
Theater User Fees.
Food Service
Miscellaneous Income

Contributed Income
Individual Contributions
Corporate Contributions
Foundation Grants
Government (non-local)
Endowment Income

i |

Total Income

Operating Expenses
Total Personnel
Programming Costs
Fundraising

Box Office
Administration
Occupancy Costs

Qg0M

Pro-forma operating budget

building creativity

Pro-forma Activity Summary