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Expenditure – Revenue Comparison <br />Category Existing Facilities1 New Facility Phase 2 Phase 3 <br />Expenditures $1,203,340 $1,271,622 $1,443,051 $1,691,452 <br />Revenue $823,762 $972,530 $1,236,610 $1,545,030 <br />Difference ($379,578) ($299,092) ($206,441) ($146,422) <br />Recovery percentage 68% 77% 86% 91% <br /> <br />Without question, a new community recreation will enhance the quality of life in Elk River while <br />improving recreation, sport and leisure opportunities. A new center will become a source of <br />tremendous community pride and will bring the community together along with making Elk <br />River a more attractive place to live and work. The center will also help establish and recognize <br />the facility as a contributor to the economic health of the community by providing jobs, through <br />the purchase of local goods and services and by generating tourism trade for the City of Elk <br />River. <br /> <br /> <br /> <br /> <br />1 Includes Ice Arena, Activity Center and Lion’s Park facilities <br />APPENDIX A