Memo-Hopkins Pavilion Mezzanine
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Hopkins Pavilion
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Memo
To:
Steve Mielke
From:
Don Olson
Steve Stadler & Jay Strachota
April 30, 2003
Hopkins Pavilion Mezzanine
cc:
Date:
Re:
The purpose of this memo is to provide background information on finishing the Pavilion
mezzanine and the installation of an elevator. Listed are projected construction costs,
operational expenses, revenues generated from leases to offset construction and operation,
and revenues to offset future replacement costs. Also outlined are the needs of the Off
Campus Hopkins Alternative Program for the Hopkins School District. Attached is a
conceptual floor plan for the mezzanine.
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Page 1
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PAVILION MEZZANINE
Construction Costs- Estimated figures provided by'Bonestroo Engineers & Architects and
Langerquest Elevator Company \
. Mezzanine Finishing: 5300 SF @ $35-$40 PSF =$185,000-$212,000
. Elevator Shaft (16'x7'6"): 120 SF @ $70-$75 PSF =$8,400-$9,000
. Elevator and Mechanical Equipment: $45,000-$55,000
· Contingency and Development: $47,750-$55,500
Total Project Cost: $286,000-$332,000
Operational Expenses-Estimated additional operational expenses
· Utilities: $4,500 annually (10% increase over current expenses)
· Staffing: 1 hour extra per day @ $14 per hour = $5,000 annually
· Maintenance and Supplies: $1,000 annually
Total projected increase to operational budget $10,500 annually.
Revenue Generating Usage To Offset Construction Costs And Operational Expenses
Page 2
· Ten year Lease to Hopkins School District $73,000-$81,000 for years 1-5,
then $8,000-$9,000 for years 6-10.
· Lease of storage space: 250 SF @ $10 PSF = $2,500 annually
Total projected revenue for years 1-5 $75,500-$83,500 to offset construction
and operation, for years 6-10 $10,500-$11,500 to offset operational
expenses.
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Additional Revenue Of Mezzanine Use To Offset Future Replacement Costs -
· User fees for meeting/classroom space at $10 per hour.
· Increase in dry floor rental: Rentals have been lost in the past due to lack of
smaller meeting space to go along with the arena floor rental.
· Annual leases to use meeting/classroom space to HYHA, HHS, and other
organizations that have the potential for multiple rentals ($1,000-$2,000)
Estimated total possible of revenue generated $4,000-$6,000
Off Campus Hopkins Alternative Pro~ram Facility Needs-
· Dedicated office space for three teachers (250-350 SF)
· Dedicated computer lab (300-400 SF)
· Three classrooms (600 SF per classroom)
· Open for operation from beginning of September Through end of May and
possible year round operation in the future
· Open for operation from 7:00 am-3:00 pm, Monday - Friday
. Fiber optic and telephone links
Page 3
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