Estimated CostsFIVE FLAGS CENTER
ESTIMATED COSTS
Option Architect's Estimate East Half of Block
Full Block
A Partial restoration and
Phase One New Construction (1) $
1,280,538
(2) $ 1,414,S38
B Partial restoration with added
levels and audio visual center (1) $
1 , 772 ,292
(2) $ 1,906,292
C Full restoration with Option B (1) $
2,071,834
(2)$ 2,205,834
RESOURCES
Private Pledges to Date
$ 720,S34
Grant from Iowa American Revolution
Bicentennial Commission
5,000
Grant from Department of Interior
25,000
TOTAL Resources to Date
$ 750,534
Phase II Local Campaign Goal
250,000
Phase II Pion -Local Private and
Governmental Participation_ 300,000
:TOTAL Resources
$1,300,534
TIME SCHEDULE
Exterior Restoration Bid Date
Purchase of Half Block
Exterior Restoration Work Starts
Phase II Campaign
New Construction and Partial
Interior Restoration Bid Date
Exterior Restoration Work Completed
New Construction and Partial Interior
Restoration Completed
Open for Occupancy
Dedication of Completed Facility
Y f,
f
x
February 28, 1974
April 1, 1974
April 1, 1974
April -May, 1974
September 3, 1974
December, 1974
August 1, 1975
September 2, 1975
Early 1976
9-7.f
Recommended Rate Structure
The rental schedule established for the Five Flags Civic Center
should event
developed on a sliding scale based on both the sponsor
of the event as well as the factor of admission being charged.
I• A nonprofit community organization sponsoring the event
without an admission charge.
No charge (actual cost of any special setup)
I1. A nonprofit community organization sponsoring the event with
an admission charge.
Nominal rates (plus actual cost of any special setup
lII. Ice facility.
Based on suggested minimum charges for public skating
(50 cents for children, one dollar for adults), it is
estimated that this facility can more than cover its
operating cost.
IV. A convention or trade show.
Competitive rate
V• A commercial walk -around show in which space is sold by
the promotor to individual exhibitors
Competitive rate
V!. An entertainment event conducted for profit, utilizing
progressional entertainment
Competitive rate
FINANCIAL ANALYSIS
Five Flags Center
INCOME
Community use, I and II $ 5,000
Community use (ice facility), III 112,268
Convention, exhibition, commercial, IV, V and VI 53,100
Concessions
7,900
Total income ..........................................$ 178,268
EXPENSES
Personnel
Supplies
Services
Equipment
$ 101,200
20,500
42,700
7,000
Total expenses ........................................$ 171,400
Anticipated Use of the Five Flags Civic Center by Type and Number of Days Used
Estimated days % of available time
Exhibition Hall
Categories I and II
Community 230 63
Categories IV, V and VI
Commercial 135 37
Theatre
Categories I and 11
Community 290 80
Categories IV, V and VI
Commercial 75 20
Level Two - Mezzanine
Categories I and II
Community 339 90
Categories IV, V and VI
Commercial 36 10
Level Zero
Categories I and 11
Community- 365 100
Categories IV, V and VI
Commercial 0 0
*Bicentennial exhibit for 1976
Ice Facility
Category III
Community 290 80
Categories IV, V and VI
Commercial 75 20