Our Current Impact and Our Plan Moving Forward
where did the design come from
Approximately one year ago, a small conversation turned into a big dream. With that dream the McKinley Park Aquatic Center Committee was formed. Over the past year, our committee has worked to make that dream a reality. We wanted to create a state of the art facility that would include all populations wanting to be active. Every detail, from design, to features, to program scheduling has our youth, parents, grandparents and everyone in between in mind.
In June of 2017, our committee asked the City of Creston to engage Waters Edge Aquatic Design in providing a comprehensive feasibility study and concept plan for a facility that met our community's needs. Through months of research, hard work, and community input, Waters Edge working along side the committee & community, developed a concept plan. With that plan a potential budget for construction and a budget for future operation, for the new McKinley Park Aquatic Center was also created. More details of the design can be found under Our Design on this page.
what are our hopes for the new mckinley park aquatic Center
We hope to provide an aquatic center that is inclusive to all populations, and that will benefit our community with a safe, water themed environment. In doing so we also want to provide enough options that appeal to all family members, ensuring a successful experience. Creating an amenity for the community that is also affordable and offers a place for children of all ages to grow and develop, as we believe positive chance in the community begins with its youngest citizens.
In addition to this, we hope that the McKinley Aquatic Center will also provide an attraction to people from outside the area, where they can enjoy additional summer fun such as camping, disc golf and our beautiful trails.
what are our plans moving forward
Our committee has set the goal to not only raise the funds required to convert our existing pool into a genuine aquatic center, but to also raise the necessary funding that will help support the operation and maintenance for years to come. Our goal is for the aquatic center to be no more of a burden on the City of Creston than the existing pool. We feel that through additional fundraising and increased income from the new pool, that this is an attainable goal.
To accomplish this we have established a MPAC Capital Campaign Fund to cover the cost of construction for the new Aquatic Center. It is our intention to raise enough money during the capital campaign to fund an endowment. The endowment will be used to cover any costs that the new facility incurs in excess of current pool expenditures. We believe the funds from an endowment, in conjunction with increased revenue, would adequately cover any such increase in the operations and maintenance budget for the City of Creston.
“An update is needed! We haven’t gone the last two summers and we live 3 blocks away.”
Creston Parent | Community Feedback
Construction Cost, Project Costs, and Operation Cost Estimates
Utilizing the existing structure as a solid foundation to build from the concept design was created from a collaboration and input between the committee, our community and Waters Edge. Below is an estimated construction cost. Please note this does not account for inflation, unforeseen project difficulties, or actual design.
Construction Cost Estimate................$3,604,801
Includes General Conditions, Site Work, Pool Construction, New Water Features, Shade Structures, Bathhouse / Entry / Concessions Renovations, Night Lighting & Basic Sound Equipment.
Project Cost Estimate.............................$468,000
Includes Design Budget, Fixtures, Furnishings & Equipment, Additional Expenditures and Project Contingency.
Total Project Cost Estimate...........................$4,432,801
Operations & Maintenance Endowment.........$1,000,000
To Fund Future Operations & Maintenance
*Total Funds to be Raised..............................$5,432,801
Operations & Maintenance Cost Breakout
current city pool vs new mpac
As mentioned previously, it is our intention to raise enough money during the capital campaign to fund an endowment. The endowment will be used to cover any costs that the new facility incurs in excess of the current pool expenditures. We believe the funds from an endowment, in conjunction with increased revenue, would adequately cover any such increase in the operations and maintenance budget for the City of Creston. Below is an estimated budget comparing the new facility to the old pool's current operation costs.
While the costs seem significantly higher for the operations of the new aquatic center, once you take into consideration annual funds generated from the aquatic center and increased revenue, we believe the City will not incur an additional burden to operate the new Aquatic Center.
Revenue & Attendance
current city pool vs new mpac
Revenue generation is an extremely important component of this project. We need to generate enough revenue through admissions, concessions and programming to adequately cover costs of the new facility. A study was conducted to project attendance, and revenue based on a comparison of similar communities and facilities within the area as well as Creston's current population and attendance. Along with projecting attendance, a cost recovery projection was created.
An important aspect of revenue generation will be the types of fees charged and their respective amounts. When determining these amounts, it is typical to incorporate an increase in the operation programs to reflect the increased value of the facility as well as cover the increased costs of a renovated facility. Also including revenues from additional programs such as concessions, swim lessons and fitness classes to name a few. As previously stated we hope the design of the new facility will allow more of the population to enjoy all that swimming has to offer. We plan to have structures that are adaptive to include those with special swimming needs, a zero depth entry to allow for citizens of all ages to enter the pool with ease, and amenities that are unique to our facility.
Currently the Creston Pool operates at a $38,637 deficit, with a 53% cost recovery. The goal for the new MPAC facility would be for cost recovery (Pool revenue/expenditures), to exceed current standards and meet 75-80%. If the revenues generated by the new facility are close to those projections, the City's overall cost to operate and maintain the pool would not increase. In addition, the funds from a $1,000,000 endowment could potentially produce up to $50,000 in income annually, to be used to maintain and operate the pool.
This would allow the endowment funds to cover any deficit the City would have in operating and maintaining a larger facility, as well as provide a means to continually update and improve MPAC, keeping it on the cutting edge of design, while also generating more visitors and in-turn more revenue.