Board Of Aldermen

Cost Proposal
Addition of Ground Level Parking
School Street Lofts
Nashua, NH

Dated: August 20, 2020

Appendix E

Technical Memo For Parking On School Street Site

Our next steps

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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

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a i

Webb Management Services

Track One: Fundraising

Bond request

Form endowment campaign
Capital campaign targets
Engage campaign consultant
Campaign planning
Endowment campaign
Bonds issued

Naming rights secured

Track Two: Planning, Design & Construction

Form Building Committee
Design team contracting
Programming and costing study
Schematic design

Design development

Contract documents

Bid period

Construction

Commissioning

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Webb Management Services Inc.

building creativity

Economic impacts - qualitative

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.

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building creativity

Economic impacts - quantitative

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Summary of Economic Impacts on Hillsborough County

Construction Impacts Input (Local Expenditures $12,000,000
Output (Sales) $19,930,800

Earnings $5,930,400

Jobs Created (person-years) 112

Ongoing Annual Impacts Input (Year 3 Spending) $460,000
Operations Output (Sales) $740,674
Earnings $171,111

Jobs Created (annual) dy
Audience Spending Input (Year 3 Spending) $402,220
Output (Sales) $654,165

Earnings $139,015

building creativity

Economic impacts - quantitative

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Estimating Audiences

Year 3 Paid Theater Attendance 26,000
Hillborough County Attenders 70% 18,200
Recovered County Attenders 20% 5,200
Non-County Attenders 30% 7,800

Ancillary Spending Impacts of the Center Theatre on Hillborough County

Per Capita Expenditure Tatal Direct (induead) Output Multiplier Tatal New Outputs Earnings Total Naw Job Creation Total Naw

Ancillary Spending Impacts Estimate Expenditures (Sales) Multiplier Earnings: Multiplier dobs

building creativity

Economic impacts - quantitative

Annual Operating Impacts on Hillborough County

Bill of Goods Approach (Year 3)

: Inputs Multipliers Gutputs
Category ay trans Ne % Spent calle borough Hilary seatey Output (dollars) pack Empl't (jobs) Seen Eamings New Empl't (jobs)

building creativity

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

Outputs (industry 2332CO) Project Outputs

Sales 1.6609 $ 19,930,800

Earnings 0.4942 $ 5,930,400

Employment (person-years of 9.3501 112

employment)

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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.

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