Stadium Budget 2022-2023 by Tampa Sports Authority

A message from the

PRESIDENT/CEO

E R I C D . H A R T, C V E PRESIDENT/CEO I AM PLEASED TO PRESENT THE RECOMMENDED BIANNUAL OPERATING AND CAPITAL BUDGET FOR FISCAL YEARS 2022 AND 2023. THIS BUDGET WAS DEVELOPED BY STAFF AND INCLUDED CONSULTATION BY HILLSBOROUGH COUNTY AND THE CITY OF TAMPA FINANCE STAFFS, ALONG WITH THE AUTHORITY’S FINANCE COMMITTEE. THIS BUDGET REFLECTS THE COSTS ASSOCIATED WITH THE ON-GOING SUCCESS OF OUR TENANTS ALONG WITH A CONTINUED EMPHASIS ON CAPITAL REPAIRS TO THE VENUE. WHILE MOST OF THE WORLD REMAINED IN REMOTE WORKING, OUR STAFF AT RAYMOND JAMES STADIUM WORKED FROM THE SITE IN PREPARATION FOR ONE OF OUR GREATEST EVENT YEARS. THE AUTHORITY SUCCESSFULLY HOSTED SUPER BOWL 55, WRESTLEMANIA 37, THE OUTBACK BOWL, 3 MONSTER JAM’S AND A FULL SEASON OF COLLEGE AND PROFESSIONAL FOOTBALL. IN A NON-PANDEMIC YEAR, THIS WOULD BE A HISTORIC EFFORT, BUT IN A PANDEMIC YEAR, THEIR SUCCESSFUL EFFORTS ARE UNPARRALLED BY ANY OTHER VENUE IN THE WORLD! OUR STAFF IS THE KEY TO THE SUCCESS OF THE AUTHORITY AND THIS BUDGET MAKES EFFORTS TO THANK OUR STAFF FOR ALL THEY HAVE ACCOMPLISHED FOR THE CITIZENS OF HILLSBOROUGH COUNTY AND THE CITY OF TAMPA. THE COVID-19 PANDEMIC HAS HAD A SIGNIFICANT IMPACT THROUGHOUT AUTHORITY OPERATIONS. OVER THE CURRENT FISCAL YEAR, STAFF HAS SUCCESSFULLY MONITORED EXPENSES AND TOOK STEPS TO REDUCE OPERATING COSTS WHILE STILL MAINTAINING THE VENUES. HILLSBOROUGH COUNTY PROVIDED ADDITIONAL CARES ACT FUNDING TO COMPLETE SAFETY IMPROVEMENTS TO THE VENUE IN ACCORDANCE WITH CDC GUIDELINES. RAYMOND JAMES STADIUM HAS RETURNED TO HOSTING FULL OCCUPANCY EVENTS IN THE STADIUM. WE ANTICIPATE A RETURN TO PRE-PANDEMIC EVENT BOOKINGS AND HAVE RESCHEDULED A ROLLING STONES CONCERT IN OCTOBER OF 2021 AND A KENNY CHESNEY CONCERT IN APRIL OF 2022. THE AUTHORITY CONTINUES TO PLACE A SIGNIFICANT EMPHASIS ON CAPITAL IMPROVEMENTS. IN FY 21, RAYMOND JAMES STADIUM RECEIVED OVER $60 MILLION IN PRIVATE INVESTMENT WITH THE ADDITION OF A 5G TELECOMMUNICATIONS SYSTEM ALONG WITH VARIOUS OTHER PUBLICLY FUNDED VENUE IMPROVEMENTS. STAFF CONTINUES TO REVIEW THE ORGANIZATIONAL STRUCTURE AND MAKE MODIFICATIONS IN OPERATING AND EVENT STAFFING POLICIES WHICH ARE DESIGNED TO REDUCE COSTS, IMPROVE EFFICIENCY AND BETTER MEET THE NEEDS OF THE COMMUNITY AND AUTHORITY CLIENTS AND TENANTS. AS PART OF THIS BUDGET PROPOSAL, STAFF IS PROPOSING THE ADDITION OF IN-HOUSE MANAGEMENT OF HOUSEKEEPING SERVICES. DUE TO SIGNIFICANT LABOR SUPPLY ISSUES ALONG WITH THE NEED TO IMPROVE CLEANING AND SANITIZATION PRACTICES IT BECAME APPARENT THAT THE STAFF NEEDED TO PROVIDE ADDITIONAL MANAGEMENT OVERSIGHT OF THESE SERVICES.

AUTHORITY MANAGEMENT HAS CONTINUED TO STRIVE TO ATTRACT NEW EVENTS TO RAYMOND JAMES STADIUM. THIS BUDGET REPRESENTS A RETURN OF MAJOR EVENTS AT THE VENUE AND WE ANTICIPATE ADDITIONAL MAJOR EVENTS BEING CONFIRMED IN THE COMING YEAR. BASED UPON THE UNCERTAINTY WITH COSTS AND THE LOCAL LABOR POOL AVAILABILITY, THE MANAGEMENT TEAM WILL BE TASKED WITH FINDING NEW AND CREATIVE WAYS TO OPERATE THE STADIUM AND INCORPORATE ADDITIONAL PRIVATE SECTOR PRACTICES INTO OUR OPERATIONS. RESPECTFULLY,

MISSION STATEMENT

TO PROVIDE ECONOMIC DEVELOPMENT AND ENHANCE THE QUALITY OF LIFE THROUGH SPORTS AND RECREATION.

PROVIDING SPORTS & ENTERTAINMENT TO THE TAMPA BAY AREA

VISION STATEMENT

OUR ROLE

TO PLAN, DEVELOP, PROMOTE AND MAINTAIN A COMPREHENSIVE COMPLEX OF SPORTS AND RECREATION FACILITIES FOR THE USE AND ENJOYMENT OF THE CITIZENS OF TAMPA AND HILLSBOROUGH COUNTY.

ABOUT

THE AUTHORITY

THE TAMPA SPORTS AUTHORITY, A GOVERNMENT ENTITY, IS AN INDEPENDENT SPECIAL DISTRICT CREATED BY THE FLORIDA LEGISLATURE IN 1965 TO CONSTRUCT AND MANAGE SPORTS AND RECREATIONAL FACILITIES IN THE TAMPA SPORTS AUTHORITY, A GOVERNMENT ENTITY, IS AN INDEPENDENT SPECIAL DISTRICT CREATED BY THE FLORIDA LEGISLATURE IN 1965 TO CONSTRUCT AND MANAGE SPORTS AND RECREATIONAL FACILITIES IN HILLSBOROUGH COUNTY. THE AUTHORITY’S MISSION IS TO PROVIDE ECONOMIC DEVELOPMENT AND ENHANCE THE QUALITY OF LIFE THROUGH SPORTS AND RECREATION. THE AUTHORITY HAS NO TAXING POWER, BUT RATHER ACTS AS AN ENTERPRISE FUND UTILIZING USER-FEES TO SUBSIDIZE ITS OPERATING COSTS. AS A RESULT, ALL OF ITS MAJOR CAPITAL CONSTRUCTION PROJECTS FROM THE ORIGINAL TAMPA STADIUM, GOLF COURSES, HILLSBOROUGH COUNTY TOURNAMENT SPORTSPLEX, AMALIE ARENA, GEORGE STEINBRENNER FIELD AND RAYMOND JAMES STADIUM HAVE BEEN ACCOMPLISHED BY WORKING CLOSELY WITH THE APPROVALS AND FINANCIAL SUPPORT OF HILLSBOROUGH COUNTY AND THE CITY OF TAMPA. RAYMOND JAMES STADIUM WAS CONSTRUCTED WITH FUNDS FROM THE COMMUNITY INVESTMENT TAX (CIT). THE CIT IS A 30-YEAR HALF-CENT LOCAL OPTION SALES TAX. THE FIRST 25% OF THE TOTAL PROJECTED CIT COLLECTIONS GOES TO BUILD NEW SCHOOLS. THE NEXT AMOUNT IS APPLIED TO DEBT PAYMENTS ON THE STADIUM BONDS (APPROXIMATELY 7% OF THE TOTAL) AND THE REMAINING 68% IS DIVIDED BETWEEN THE COUNTY AND THE THREE CITIES IN HILLSBOROUGH COUNTY FOR ROADS, SIDEWALKS, BUILDINGS AND PUBLIC SAFETY NEEDS. (SEE PAGE 25) MORE THAN 270,000 FANS (IN A NON-COVID IMPACTED YEAR NORMALLY 800,000 to 1,000,000) ENJOYED THE VARIOUS EVENTS AND FUNCTIONS HELD AT RAYMOND JAMES STADIUM THIS PAST YEAR. DESPITE THE CHALLELENGES INTRODUCED BY THE PANDEMIC, IN ADDITION TO HOSTING THE BUCCANEERS AND USF FOOTBALL SEASONS, THE AUTHORITY ALSO HOSTED MAJOR EVENTS SUCH AS THE SUPER BOWL, A TWO NIGHT WRESTLEMANIA, THE OUTBACK BOWL, SUNSET MUSIC FESTIVAL AND THREE MONSTER JAMS. ALL OF THESE EVENTS WERE MANAGED ALONG WITH MORE THAN 25 BANQUETS, SPECIAL EVENTS, FESTIVALS AND PARKING LOT EVENTS. THE NFL PLAYERS ASSOCIATION CONTINUES TO RANK RAYMOND JAMES STADIUM AS ONE OF THE BEST PLAYING FIELDS IN THE NFL.

TABLE OF

CONTENTS ADMINISTRATIVE TAMPA SPORTS AUTHORITY BOARD OF DIRECTORS

5-6

TAMPA SPORTS AUTHORITY ORGANIZATIONAL CHART

EVENTS YEAR IN REVIEW

8-12

BUDGET REQUEST AND ASSUMPTIONS CONTRIBUTION REQUESTS

BUDGET REVENUE & EXPENSE ASSUMPTIONS

BUDGET NOTES

15-16

STATEMENT OF REVENUE AND EXPENSES-COMPARATIVE

17-19

CAPITAL PROJECTS 2021 CAPITAL PROJECT HIGHLIGHTS

PROPOSED CAPITAL PROJECT BUDGET (THROUGH 2023)

PROPOSED CAPITAL PROJECTS (FY 2022)

PROPOSED CAPITAL PROJECTS (FY 2023)

PROJECTED CAPITAL COSTS OVERVIEW (THROUGH 2028)

DEBT SERVICE HILLSBOROUGH COUNTY COMMUNITY INVESTMENT TAX (CIT)

DEBT SERVICE REQUIREMENTS

TAMPA SPO RTS AUTHORITY

BOARD OF DIRECTORS ANDY JOE SCAGLIONE

MARK S. WOODARD

THOMAS SCOTT

CHAIRMAN

VICE CHAIRMAN

SECRETARY/TREASURER

JOHN JAEB

PATRICK MANTEIGA

TONY MUNIZ

DON DEFOSSET

HON. ORLANDO GUDES

HON. KEN HAGAN

PENNY PARKS

LUCIANO PRIDA, JR.

PRESIDENT/CEO

ERIC D. HART, CVE

YEAR

ORGANIZATIONAL

IN REVIEW

CHART

BO ARD OF DIRECTORS

PRESIDENT/CEO ERIC HART VP/FINANCE & ADMINISTRATION

SR VP/STADIUM OPERATIONS

VP/MARKETI NG & COMMUNICATIONS

HUMA N R ES OURCE S

E V E N T O P E R AT I O N S

MARKETING

FINA NC IAL P L ANNI NG

M E R C H A N D I S E S A LE S

MEDIA

R ISK MANAG E M E NT

C A P I TA L P R O J E C T S

C O M M U N I C AT IO NS

PAYR OLL/A P/ R

FA C I LI T I E S M A N A G E M E N T

G R A P H I C D E SIG N

B OND O VERS IGHT AND MANAG EME NT

FO O D & B E V E R A G E

S O C I A L M E D IA

P UR CHAS I NG

HOUSEKEEPING

W E B S I T E / M A I N T E NA NC E

DAVI D BY R N E

MICKEY FARREL L

BOBBY SILVEST

B UD GETING CO OR DINAT I ON

C AS H HANDL I NG

TAMPA SPORTS AUTHORITY: EXECUTIVE TEAM (PICTURED RIGHT) (L-R) MICKEY FARRELL (SR. VP OF STADIUM OPERATIONS), BOBBY SILVEST (VP OF MARKETING & COMMUNICATIONS), ERIC HART (PRESIDENT/CEO), DAVID BYRNE (VP OF FINANCE/ADMINISTRATION), REBECCA SKYLES (EXECUTIVE ASSISTANT TO CEO), KENNIE SIMS (VP OF GOLF OPERATIONS)

SUPER BOWL LV THE NATIONAL FOOTBALL CONFERENCE (NFC) CHAMPION TAMPA BAY BUCCANEERS DEFEATED THE AMERICAN FOOTBALL CONFERENCE (AFC) CHAMPION KANSAS CITY CHIEFS, 31–9. THE GAME TOOK PLACE ON FEBRUARY 7, 2021, MARKING THE FIRST TIME THAT A TEAM PLAYED A SUPER BOWL IN ITS HOME STADIUM. DUE TO COVID-19 PROTOCOLS LIMITING THE STADIUM’S SEATING CAPACITY TO 25,000 FANS, IT WAS THE LEAST ATTENDED SUPER BOWL. EVEN WITH LIMITED ATTENDANCE, THE EVENT PROVIDED A MUCH NEEDED ECONOMIC BOOST TO THE TAMPA BAY AREA . THIS WAS EVIDENCED BY A HOTEL OCCUPANCY RATE WELL OVER 90%.

YEAR

IN REVIEW

YEAR

IN REVIEW TAMPA BAY

BUCCANEERS

THE 2020 SEASON WAS THE TAMPA BAY BUCCANEERS’ 45TH IN THE NATIONAL FOOTBALL LEAGUE AND THEIR SECOND UNDER HEAD COACH BRUCE ARIANS. THE CLUB IMPROVED ON THEIR 7–9 RECORD FROM THE PREVIOUS SEASON BY FINISHING 11–5 TO QUALIFY FOR THE PLAYOFFS FOR THE FIRST TIME SINCE 2007. THEY ADVANCED THROUGH THE PLAYOFFS TO REACH AND WIN SUPER BOWL LV. THEY WERE THE FIRST WILD CARD TEAM AND FIRST TEAM ONLY HAVING ONE PRO BOWLER TO DO SO SINCE THE 2010 PACKERS AND 2007 GIANTS RESPECTIVELY. THEY WERE THE FIRST TEAM TO PLAY IN AND WIN THE SUPER BOWL IN THEIR HOME STADIUM, RAYMOND JAMES STADIUM. THE 2020 OFFSEASON WAS HIGHLIGHTED BY THE ACQUISITION OF LONG-TIME NEW ENGLAND PATRIOTS QUARTERBACK TOM BRADY. THE BUCCANEERS ALSO TRADED FOR BRADY’S FORMER PATRIOTS TEAMMATE, TIGHT END ROB GRONKOWSKI. THE BUCS HAVE RE-SIGNED ALL PLAYERS FROM LAST YEAR’S TEAM, SO EXPECTATIONS ARE HIGH FOR THEM TO REPEAT AS SUPER BOWL CHAMPIONS IN 2022.

USF

FOOTBALL WRESTLEMANIA 37

WRESTLEMANIA 37 TOOK PLACE AS A TWO-NIGHT EVENT ON APRIL 10 AND 11, 2021, AT RAYMOND JAMES STADIUM. THE EVENT WAS ORIGINALLY SCHEDULED TO TAKE PLACE ON MARCH 28, 2021, AT THE SOFI STADIUM IN INGLEWOOD, CALIFORNIA; HOWEVER, DUE TO COVID-19 RESTRICTIONS IN CALIFORNIA, WWE RESCHEDULED AND MOVED THE EVENT TO RAYMOND JAMES STADIUM, WHICH WAS THE ORIGINALLY PLANNED VENUE FOR WRESTLEMANIA 36 BEFORE THE PANDEMIC FORCED THE EVENT TO BE RELOCATED AND HELD BEHIND CLOSED DOORS AT THE WWE PERFORMANCE CENTER IN ORLANDO, FLORIDA— IN AUGUST 2020.

ON DECEMBER 9, 2019, USF ANNOUNCED THAT JEFF SCOTT WOULD BE THE PROGRAM’S FIFTH HEAD COACH. SCOTT WAS PREVIOUSLY THE CO-OFFENSIVE COORDINATOR AT CLEMSON, WHERE HE WON TWO NATIONAL CHAMPIONSHIPS (2016 & 2018). THE PANDEMIC PRESENTED AN EXTREME CHALLENGE OF NOT ONLY TRYING TO FIELD A COLLEGE FOOTBALL TEAM, BUT TO IMPLEMENT EVERYTHING THAT WAS NEEDED FOR A FIRST YEAR COACH. BULLS NATION IS VERY OPTIMISTIC WITH HAVING COACH SCOTT IN PLACE FOR THE 2021 SEASON. ONE OF THE HIGHLIGHTS OF THIS SEASON WILL BE SEPTEMBER 11TH, WHEN THE BULLS HOST THE FLORIDA GATORS AT RAYMOND JAMES STADIUM.

THE TWO NIGHT EVENT WAS BROADCAST LIVE ON NBC’S PEACOCK, WITH OVER 37,000 FANS IN ATTENDANCE.

YEAR

2020

MONSTER

THE 2020 OUTBACK BOWL WAS THE 35TH GAME OF THIS CLASSIC COLLEGE BOWL TRADITION. THE MATCH UP FEATURED THE OLE MISS REBELS OF THE SEC AND THE INDIANA HOOSIERS OF THE BIG 10. THE REBELS DEFEATED THE HOOSIERS 26-20.

FELD ENTERTAINMENT CONTINUES TO PROVIDE EXCELLENT EVENT PROGRAMMING WITH MONSTER JAMS EACH SEASON. THIS YEAR’S STOP AT RAYMOND JAMES STADIUM WAS FOR 3 SHOWS-FRIDAY AND SATURDAY NIGHT PLUS SUNDAY AFTERNOON.

IN REVIEW OUTBACK BOWL

UNION HOME MORTGAGE

GASPARILLA BOWL THE 2020 EDITION OF THE BOWL WAS SET TO MATCHUP SOUTH CAROLINA AND UAB. HOWEVER, ON DECEMBER 22, SOUTH CAROLINA HAD TO WITHDRAW FROM THE BOWL DUE TO COVID-19 ISSUES WITHIN THEIR PROGRAM. AS NO REPLACEMENT TEAM WAS AVAILABLE, THE BOWL GAME WAS SUBSEQUENTLY CANCELED.

IN REVIEW JAM

SUNSET MUSIC

FESTIVAL

THE SUNSET MUSIC FESTIVAL (SMF) IS A TWO DAY EVENT HELD OVER THE MEMORIAL DAY WEEKEND. SMF BROUGHT IN OVER 60,000 FANS TO SEE SOME OF THE TOP ACTS OF ELECTRONIC DANCE MUSIC. THIS YEARS’ EVENT WAS HEADLINED BY INTERNATIONAL SUPERSTARS SUCH AS REZZ, LSDREAM, NGHTMRE, SLANDER, ZOMBOY AND MORE. THIS EVENT HAS GREATLY IMPACTED THE LOCAL ECONOMY AND HOTEL INDUSTRY ON WHAT HAS TRADITIONALLY BEEN A LOW OCCUPANCY WEEKEND.

CONTRIBUTION

BUDGET REVENUE &

REQUESTS THIS YEAR’S ANTICIPATED PROPERTY TAXES, ALONG WITH THE STADIUM’S OPERATING AND MAINTENANCE (O & M) EXPENSES OUTLINED IN THIS DOCUMENT, REQUIRE THE AUTHORITY TO REQUEST CONTRIBUTIONS OF $2,734,515 FROM THE CITY AND COUNTY TO MEET NEXT YEAR’S CONTRACTUAL OBLIGATIONS. THE AUTHORITY HAS EXISTING INTER-LOCAL AGREEMENTS WITH THE CITY OF TAMPA AND HILLSBOROUGH COUNTY, WHICH PROVIDE THAT IN THE EVENT THE AUTHORITY IS UNABLE TO PAY ITS OPERATING COSTS, THE CITY WILL PAY ONE THIRD (1/3) AND THE COUNTY WILL PAY TWO THIRDS (2/3) OF ANY DEFICIT AFTER THE AUTHORITY DEPLETES ITS O & M RESERVE FUND. THEREFORE, THE AUTHORITY WILL BE ASKING THE CITY OF TAMPA TO CONTRIBUTE $911,505 AND HILLSBOROUGH COUNTY TO CONTRIBUTE $1,823,010 TO FUND NEXT YEAR’S OPERATIONS. THE FOLLOWING SCHEDULE SHOWS ACTUAL AND PROJECTED CONTRIBUTIONS FROM THE CITY AND COUNTY:

BUDGETED FY-2021*

FORECAST FY-2021*

PROPOSED FY-2022**

PROPOSED FY 2023***

CITY (1/3)

955,404 $

961,809 $

911,505 $

1,289,926

COUNTY (2/3)

1,910,808 $

1,923,619 $

1,823,010 $

2,579,851

TOTAL REQUEST (OPERATIONS AND MAINTENANCE)

2,866,211 $

2,885,428 $

2,734,515 $

3,869,777

CAPITAL REQUEST

0 $

1,163,261 $

418,472

TOTAL REQUEST (O&M AND CAPITAL)

2,866,211 $

2,885,428 $

3,897,776 $

4,288,249

CAPITAL REQUEST FUNDED BY 4TH CENT TOURIST DEVELOPMENT TAXES AND SAVINGS GENERATED FROM AUTHORITY BOND REFUNDINGS. * 2021 FUNDING AMOUNT REDUCED BY FY-2018 $720,455 NET GAIN. ** 2022 FUNDING AMOUNT REDUCED BY FY-2019 $1,065,791 NET GAIN. *** 2023 FUNDING AMOUNT REDUCED BY FY-2020 $699,260 NET GAIN. IMPACT OF NFL PLAYOFFS NOT INCLUDED WITHIN THIS BUDGET (ESTIMATED AT $320,000 PER GAME)

EXPENSES

REVENUES FOR FY-2022 WERE DEVELOPED FROM THE FOLLOWING ASSUMPTIONS: 1. 9 BUCCANEER GAMES (1 PRESEASON) 2. 6 USF GAMES 3. 2 MONSTER JAMS 4. OUTBACK BOWL 5. GASPARILLA BOWL 6. 2 NON-PROMOTED CONCERTS 7. 1 PROMOTED CONCERT 8. 2-DAY SUNSET MUSIC FESTIVAL 9. NO INCREASE IN PARKING RATES 10. INCREASE IN CONCESSION FEES 11. USE OF 2019 NET GAIN TO REDUCE FY-2022 OPERATING SUBSIDY REQUEST

EXPENSES FOR FY-2022 WERE DEVELOPED FROM THE FOLLOWING ASSUMPTIONS: 1. 9 BUCCANEER GAMES (1 PRESEASON) 2. IMPACT OF NFL PLAYOFFS NOT INCLUDED (ESTIMATED AT $320,000 PER GAME) 3. 6 USF GAMES 4. 2 MONSTER JAMS 5. OUTBACK BOWL 6. GASPARILLA BOWL 7. 2 NON-PROMOTED CONCERTS 8. 1 PROMOTED CONCERT 9. 2-DAY SUNSET MUSIC FESTIVAL 10. 4.15% COLA AND 0-2% MERIT INCREASE FOR ELIGIBLE FULL TIME EMPLOYEES A 8% INCREASE IN FRS RETIREMENT COSTS, RATES DETERMINED INDEPENDENT OF AUTHORITY 11. 13% INCREASE IN INSURANCE DUE TO GLOBAL INSURANCE MARKET CONDITIONS 12. 16.8% INCREASE IN FLORIDA MINIMUM WAGE IS INCLUDED FOR PART-TIME PERSONAL 13. NO INCREASE IN UTILITIES 14. NO INCREASE IN HEALTH INSURANCE COSTS 15. COMPLETING MANY CAPITAL PROJECTS WITH IN-HOUSE STAFF VS. USING CONTRACTED STAFF 16. INCREASE IN MAINTENANCE WAGES TO SUPPORT IN-HOUSE EVENT CLEANING SERVICES- REDUCTION IN MAINTENANCE CONTRACTRUAL EVENT CLEANING SERVICES 17. INCREASE IN 24-HOUR BUILDING SECURITY COSTS- DUE TO MINUMUM WAGE AND INCREASED COVERAGE 18. 2.5% PROPERTY TAX INCREASE 19. INCREASE IN TRAVEL/EDUCATION AND MARKETING EXPENSES COMPARED TO PANDEMIC REDUCED EXPENSES 20. INCREASE IN CONSULTANT COSTS RELATED TO NEW TENANT ACQUISITIONS, BY $75,000 21. $0 DROP IMPACT *THESE WERE PREPARED WITH FULL ATTENDANCE EXPECTATIONS.

14 12

BUDGET

NOTES

1. ACCRUAL ACCOUNTING: THE AUTHORITY’S BUDGET IS PRESENTED ON AN ACCRUAL BASIS. MONTHLY

FINANCIAL STATEMENTS ALONG WITH BUDGET DOCUMENTS ARE PRESENTED ON A FULL ACCRUAL BASIS OF ACCOUNTING. PRESENTED ON AN ACCRUAL BASIS. MONTHLY FINANCIAL STATEMENTS ALONG WITH BUDGET DOCUMENTS ARE PRESENTED ON A FULL ACCRUAL BASIAC 2. CAPITAL IMPROVEMENTS: CAPITAL IMPROVEMENT ACTIVITY IS NOT INCLUDED IN THE BUDGET SUMMARY, BUT IS SHOWN AS A SEPARATE SCHEDULE IN THIS REPORT. THE AUTHORITY IS RESPONSIBLE FOR THE ONGOING CAPITAL REPAIRS AT RAYMOND JAMES STADIUM. BETWEEN FISCAL YEARS 2007-2023, AUTHORITY WILL RECEIVE $15,000,000 FROM THE TOURIST DEVELOPMENT TAX (TDT) TO FUND STADIUM CAPITAL REPAIRS AND IMPROVEMENTS OVER 20 YEARS.PITAL IMPROVEMENT ACTIVITY IS NOT INCLUDED IN THE BUDGET SUMMARY, BUT IS SHOWN AS A SEPARATE SCHEDULE IN THIS REPORT. THE AUTHORITY IS RESPONSIBLEAPITAL 3. DEBT SERVICE: DEBT SERVICE ACTIVITY IS NOT INCLUDED IN THE BUDGET SUMMARY, BUT IS SHOWN AS A SEPARATE SCHEDULE TO THIS REPORT. FUNDING SOURCES FOR THE STADIUM FROM DEBT SERVICE ACTIVITY ARE PRIMARILY FROM SALES TAX FUNDING. NO NEW DEBT RELATED TO RAYMOND JAMES STADIUM IS ANTICIPATED FOR THE NEXT FISCAL YEAR.

4. SALARIES: WAGES INCLUDE FULL-TIME, PART-TIME AND OVER-TIME ESTIMATES AND CORRESPONDING BENEFITS SUCH AS SOCIAL SECURITY, RETIREMENT AND HEALTH INSURANCE. BENEFITS SUCH AS SOCIAL SECURITY, RETIREMENT AND HEALTH INSURANCE. 5. BUCCANEERS LICENSE FEE: IN ACCORDANCE WITH THE TERMS OF THE STADIUM AGREEMENT BETWEEN THE AUTHORITY AND THE TAMPA BAY BUCCANEERS, DATED AUGUST 28, 1996, THE BUCCANEERS PAY AN ANNUAL RENT OF $3,500,000. THE BUCCANEERS RETAIN ALL ADMISSIONS, CONCESSIONS, PARKING AND ADVERTISING REVENUES GENERATED AS A RESULT OF THEIR EVENTS. ADDITIONALLY, THE BUCCANEERS RETAIN ALL SUITE LEASE REVENUES AND ADVERTISING REVENUES AT RAYMOND JAMES STADIUM. 6. TICKET SURCHARGES: A SURCHARGE OF 8% IS PLACED ON ALL TICKETS SOLD AT RAYMOND JAMES STADIUM WITH A MAXIMUM SURCHARGE AMOUNT OF $2.50 PER ADMISSION TICKET. TICKET SURCHARGES ARE CHARGED ON EVERY PAID ENTRY TICKET AND ARE PAID TO THE AUTHORITY, NOT TO EXCEED $1,930,000 ANNUALLY (BEGINNING FEBRUARY 1 OF EACH YEAR). SURCHARGE REVENUES THAT EXCEED $1,930,000 ARE PLACED IN A RESTRICTED RESERVE ACCOUNT. SURCHARGE RESERVES ARE PERMITTED TO BE USED BY THE AUTHORITY TO REACH THE $1,930,000 ANNUAL SURCHARGE CAP. IF THE CUMULATIVE SURCHARGE RESERVE EXCEEDS $1,000,000, ALL RESERVE AMOUNTS IN EXCESS OF $1,000,000 CAN BE USED BY THE BUCCANEERS FOR CAPITAL INVESTMENTS IN RAYMOND JAMES STADIUM. IN THE EVENT THAT SURCHARGE REVENUES DO NOT REACH THE $1,930,000 ANNUAL SURCHARGE CAP, THE AUTHORITY USES ANY EXCESS FUNDS IN THE SURCHARGE RESERVE ACCOUNT TO REACH THE $1,930,000 SURCHARGE CAP. IN THE EVENT THE SURCHARGE RESERVE DOES NOT HAVE SUFFICIENT FUNDS TO BE APPLIED TO REACH THE SURCHARGE CAP, THE AUTHORITY HAS THE RIGHT TO IMPLEMENT SURCHARGES ON FOOD AND BEVERAGE AND/ OR PARKING TO ADDRESS ANY SURCHARGE SHORTFALLS. THE BUCCANEERS HAVE THE RIGHT TO PAY ANY SURCHARGE REVENUE CAP SHORTAGES IN LIEU OF THE AUTHORITY IMPLEMENTING ANY NEW SURCHARGES.

8. TAXES:

A. INCOME TAX: THE AUTHORITY IS A GOVERNMENTAL AGENCY AND THEREFORE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER PROVISIONS OF THE INTERNAL REVENUE CODE AND THE FLORIDA INCOME TAX CODE, RESPECTIVELY. THERE ARE NO PROVISIONS FOR INCOME TAXES IN THE BUDGET. B. AD VALOREM AND TANGIBLE PROPERTY TAX: AD VALOREM AND TANGIBLE PROPERTY TAXES ARE ESTIMATED BASED UPON AVAILABLE ASSESSED PROPERTY VALUES FROM THE HILLSBOROUGH COUNTY PROPERTY ASSESSOR’S OFFICE AND THE ESTIMATED TAX MILLAGE AVAILABLE AT THE TIME THE BUDGET IS PREPARED. WHEN THE ACTUAL AD VALOREM AND TANGIBLE TAX NOTICES ARE RECEIVED IN NOVEMBER OF EACH FISCAL YEAR, THE ESTIMATED TAX AMOUNT DETERMINED FOR BUDGET PURPOSES WILL BE ADJUSTED TO REFLECT THE ACTUAL TAX AMOUNT. THE ACTUAL TAX AMOUNT WILL BE REFLECTED ON THE REQUESTS FOR REIMBURSEMENT FROM THE CITY OF TAMPA AND FROM HILLSBOROUGH COUNTY. THE AUTHORITY’S BUDGET CONTAINS AD VALOREM PROPERTY TAX PAYMENTS FOR NEW YORK YANKEES MINOR LEAGUE COMPLEX, PORTIONS OF RAYMOND JAMES STADIUM AND THE SOUTH PROPERTY WHICH IS OWNED BY THE AVIATION AUTHORITY AND LEASED BY THE AUTHORITY. ADDITIONALLY, THE AUTHORITY BUDGET CONTAINS TANGIBLE PROPERTY TAX PAYMENTS FOR THE BUCCANEERS PROPERTY WITHIN RAYMOND JAMES STADIUM.

9. PRODUCE EVENTS: THE AUTHORITY SUCCESSFULLY CO-PRODUCED SUPERCROSS EVENTS IN FY-2018-

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

THE BUCCANEER’S AGREED TO FUND ANY SHORTFALL IN 2022 IN LIEU OF ANY SURCHARGE IMPLEMENTATION. THE PRESENT BALANCE IN THE SURCHARGE RESERVE FUND, AFTER THE BUCCANEER’S SHORTFALL PAYMENT IS $0.

7. OTHER EVENT REVENUES: DURING EACH CONTRACT YEAR BEGINNING FEBRUARY 1, THE AUTHORITY COLLECTS AND PAYS TO THE BUCCANEERS: A. THE FIRST $2,000,000 OF REVENUES (NET OF SALES TAX, SURCHARGES AND DIRECT EVENT COSTS) RECEIVED FROM RENTS, CONCESSIONS AND PARKING FOR ALL STADIUM EVENTS. B. THIRTY THREE PERCENT (33%) OF ALL REVENUES ABOVE THE FIRST $2,000,000 AND BELOW $3,500,000 (NET OF SALE TAX, SURCHARGES AND DIRECT EVENT COSTS) RECEIVED FROM RENTS, CONCESSIONS AND PARKING FOR ALL STADIUM EVENTS. C. FIFTY PERCENT (50%) OF ALL REVENUES ABOVE $3,500,000 (NET OF SALE TAX, SURCHARGES AND DIRECT EVENT COSTS) RECEIVED FROM RENTS, CONCESSIONS AND PARKING FOR ALL STADIUM EVENTS.

16 14

STATEMENT OF

REVENUE & EXPENSES FY 2020

FY 2021

FY 2022

FY 2023

ACTUAL

BUDGET

FORECAST

PROPOSED

OPERATING REVENUES

STATEMENT OF

REVENUE & EXPENSES TOTAL GROSS OPERATING REVENUES LESS: REVENUE SPLITS

BUCCANEERS

TOTAL NET OPERATING REVENUES

FY 2020

FY 2021

FY 2022

FY 2023

ACTUAL

BUDGET

FORECAST

PROPOSED

$ 12,802,268

$ 14,929,412

$ 14,375,281

$ 20,649,844

$ 19,628,186

$ (2,858,112)

$ (3,573,876)

$ (2,490,339)

$ (4,734,924)

$ (3,972,218)

9,944,156

$ 11,355,537

$ 11,884,942

$ 15,914,920

$ 15,655,968

LICENSE FEES

$ 3,500,000 $ 3,500,000 $ 3,500,000 $ 3,500,000 $ 3,500,000

TICKET SURCHARGE

$ 1,063,601 $ 2,060,918 $ 2,221,957 $ 1,202,390 $ 1,389,300

PARKING

$ 9,798 $ 17,857 $ 0 $ 0 $ 0

SALARIES & WAGES

3,140,837

$ 3,058,897

$ 3,234,000

$ 3,474,447

$ 3,605,302

$ 4,573,399 $ 5,578,775 $ 5,721,957 $ 4,702,390 $ 4,889,300

SALARIES & WAGES REIMBURSEMENT

$ (1,104,847)

$ (1,131,538)

$ (1,535,024)

$ (1,384,275)

$ (1,420,542)

FRINGES/RELATED COSTS

1,254,391

$ 1,342,587

$ 1,325,500

$ 1,484,503

$ 1,548,942

COMPUTER EXPENSES

100,835

74,999

88,000

74,999

TOTAL BUCCANEERS

COLLEGE FOOTBALL

OPERATING EXPENSES

LICENSE FEES

$ 1,894,067 $ 2,190,125 $ 1,692,458 $ 2,361,100 $ 2,431,100

LICENSES & PERMITS

27,989

20,000

27,000

29,000

TICKET SURCHARGE

$ 182,902 $ 199,635 $ 165,258 $ 276,110 $ 341,750

MARKETING & ADVERTISING

91,565

131,000

123,000

148,900

CONCESSIONS

$ 787,771 $ 879,585 $ 776,152 $ 1,200,249 $ 1,574,800

MAINT & SUPPLIES FIELDS & BUILDING

245,038

225,500

161,000

205,500

PARKING

$ 334,055 $ 218,045 $ 210,471 $ 450,200 $ 582,800

MAINT - CONTRACTUAL

1,012,371

$ 3,198,795 $ 3,487,390 $ 2,844,339 $ 4,287,659 $ 4,930,450

INSURANCE/BONDING

609,656

EVENT - BUCCANEERS

1,243,804

$ 3,027,668

$ 2,762,099

$ 2,880,000

$ 3,685,000

EVENT - DIRECT COSTS

3,251,898

$ 3,955,257

$ 4,922,779

$ 8,259,900

$ 7,873,400

(16,243)

TOTAL COLLEGE FOOTBALL

CONCERTS & MOTORSPORTS

$ 1,116,840

$ 1,213,500

$ 1,313,500

$ 1,363,500

594,083

634,945

735,325

778,717

LICENSE FEES

$ 529,473 $ 1,515,811 $ 780,858 $ 4,917,200 $ 3,999,000

EVENT - OTHER COSTS

TICKET SURCHARGE

$ 189,937 $ 367,412 $ 78,193 $ 462,100 $ 299,100

EVENT - OFFSITE PARKING

50,019

239,570

27,900

102,000

99,000

CONCESSIONS

$ 629,140 $ 1,337,918 $ 210,781 $ 1,809,535 $ 988,400

PROFESSIONAL SERVICES

340,074

501,000

272,500

574,000

363,800

PARKING

$ 349,748 $ 449,505 $ 123,320 $ 829,500 $ 684,056

HCAA & CONDO RENTS

269,447

295,057

$ 1,698,298 $ 3,670,646 $ 1,193,152 $ 8,018,335 $ 5,970,556

REAL ESTATE TAXES

467,241

487,463

506,679

525,364

544,515

BUCS INTANGIBLE TAX PAYMENT

$ 827,731 $ 101,098 $ 0 $ 1,315,589 $ 1,364,277

BUCS AD VALOREM/TANGIBLE TAX

126,756

133,631

NYY AD VALOREM TAX PAYMENT

60,671

107,060

BUCS AD VALOREM/TANGIBLE TAX PAYMENT

126,756

133,631

SUPPLIES, POSTAGE & SHIPPING

89,909

52,000

9,648

52,250

53,763

NYY AD VALOREM TAX PAYMENT

60,671

107,060

UTILITIES & TELEPHONE

552,510

647,628

566,000

595,000

621,025

187,427

240,691

TRAINING & EDUCATION

20,750

39,875

20,000

52,175

PENSION & EXPENSES

714,014

$ 1,213,362

MISCELLANEOUS OTHER

178,991

105,500

203,000

85,500

65,500

DEPRECIATION

310,183

304,800

301,000

297,035

TOTAL CONCERTS & MOTORSPORTS EXCESS REVENUE OVER $2,000,000

OTHER LICENSE FEES

1,241,886

974,030

2,986,662

1,108,340

TICKET SURCHARGE

44,268

1,040

102,015

400

1,240

CONCESSIONS

337,556

120,766

478,657

78,300

133,700

PARKING

117,584

36,816

276,649

43,400

47,400

PARKING OFFSITE

103,622

296,083

73,010

334,000

305,000

CONTRIBUTED OPERATING REVENUE

RENT

415,098

375,342

378,649

415,740

422,210 110,000

MISCELLANEOUS/OTHER TOTAL OTHER

56,604

100,000

79,500

105,000

2,316,618

1,904,077

4,375,142

2,085,180

$ 2,232,912

TOTAL OPERATING EXPENSES

$ 13,037,861

$ 15,250,003

$ 15,373,665

$ 20,015,262

$ 20,525,280

$ 16,808,785

$ 6,391,903

TSA RESERVE REVENUE

INVESTMENT INCOME

98,929

37,540

29,000

16,740

16,980

BOND GRANTS AND CONTRIBUTIONS

$ 15,682,158

NON OPERATING REVENUES (EXPENSES) 0

$ 15,519,900

$ 15,547,125

$ 15,508,400

$ 15,500,400

STATEMENT OF

CAPITAL

REVENUE & EXPENSES

PROJECTS F Y

GUARD HOUSE ENHANCEMENTS

FY 2020

FY 2021

FY 2022

FY 2023

ACTUAL

BUDGET

FORECAST

PROPOSED

PRACTICE FACILITY CONTRIBUTION

AMORTIZATION OF BOND ISSUE COSTS

AMORTIZATION OF LEASEHOLD INTEREST

$ (28,845,098)

$ (29,974,203)

$ (29,894,111)

$ (30,174,203)

$ (29,182,372)

FORGIVENESS OF DEBT

INTEREST EXPENSE & AMORTIZATION OF BOND

$ (3,200,739)

$ (2,747,535)

$ (2,766,154)

$ (2,133,938)

$ (1,588,488)

GAIN (LOSS) ON DISPOSAL OF ASSETS

(194)

1,000

CAPITAL GRANTS AND CONTRIBUTIONS

TOTAL NON0OPERATING REVENUES (EXPENSES)

543,840

$ (17,163,298)

$ (10,691,236)

$ (16,782,001)

$ (15,252,480)

EXCESS REVENUES OVER EXPENSES

$ (2,549,865)

$ (21,057,764)

$ (14,179,960)

$ (20,882,343)

$ (20,121,791)

TOTAL NET OPERATING REVENUES

$ 9,944,156

$ 11,355,537

$ 11,884,942

$ 15,914,920

$ 15,655,968

LESS: TOTAL OPERATING EXPENSES

$ 13,037,861

$ 15,250,003

$ 15,373,665

$ 20,015,262

$ 20,525,280

$ (3,093,705)

$ (3,894,466)

$ (3,488,723)

$ (4,100,342)

$ (4,869,312)

2 0 2 1

ELECTRONIC GATE ARMS WERE INSTALLED AT THE HIMES AVENUE GUARD HOUSE ENTRANCE. THIS ALLOWS OUR SECURITY PERSONNEL TO BETTER MANAGE THE ENTRANCE AND EXIT ONTO STADIUM PROPERTY.

CCTV ENHANCEMENTS AN ADDITIONAL FOUR (4) CCTV CAMERAS WERE ADDED, GIVING US 16 CAMERA VIEWS ON THE LOWER AND UPPER STAIR LANDINGS. THESE CAMERAS PROVIDE SECURITY ASSISTANCE TO EMERGENCY EXIT STAIRWELLS AND EXIT DOORS.

RECONCILIATION TO CASH BASIS

ADD: TOTAL UNRESTRICTED INVESTMENT INCOME

7,335

3,000

2,000

3,000

3,240

$ (3,086,371)

$ (3,891,466)

$ (3,486,723)

$ (4,097,342)

$ (4,866,072)

LESS: DEPRECIATION

310,183

304,800

301,000

297,035

LESS: NON0CASH PENSION EXPENSE

714,014

NET OPERATING (CASH BASIS) DEFICIT

$ (2,062,174)

$ (3,586,666)

$ (3,185,723)

$ (3,800,306)

$ (4,569,036)

ADD: FUNDS CARRIED FORWARD *

OPERATING DEFICIT & FUNDS CARRIED FORWARD

$ (1,223,195)

$ (2,866,211)

$ (2,465,269)

$ (2,734,515)

$ (3,869,777)

TOTAL SUBSIDIES/DONATED CAPITAL RECEIVED

$ 16,808,785

$ 6,391,903

LESS: COUNTY CAPITAL FUNDING RECEIVED

$ (11,648,144)

LESS: COVID FUNDING

$ (3,238,187)

$ (3,506,475)

LESS: BUCS DONATED CAPITAL

OPERATING SUBSIDY (SHOWN AS ZERO FOR BUDGET)

$ 1,922,454

$ 2,885,428

NET GAIN (LOSS)

$ (2,866,211)

$ (2,734,515)

838,979

699,260

720,455

1,065,791

699,260

420,160

$ 1,922,454

$ 2,866,211

$ 2,885,428

2,734,515

3,869,777

HILLSBOROUGH COUNTY

$ 1,281,636

$ 1,910,808

$ 1,923,619

1,823,010

2,579,851

CITY OF TAMPA

911,505

1,289,926

955,404

961,809

LED LIGHTING UPGRADES

$ (3,869,777)

OPERATING SUBSIDY REQUEST

640,818

FIVE (5) FULL PAN, TILT, AND ZOOM CAMERAS WERE ADDED IN ORDER TO BETTER MONITOR OUR PARKING LOTS. THESE CAMERAS ALSO GIVE US THE ABILITY TO MONITOR TRAFFIC CONDITIONS DURING ENTRANCE AND EXITING OF EVENTS.

THE LED UPGRADES CONTINUED THIS YEAR IN THE SERVICE LEVEL TUNNELS AND QUADS. THIS UPGRADE WILL PROVIDE A SIGNIFICANT COST SAVINGS AND PROVIDE GREATER VISIBILITY IN THESE SERVICE AREAS.

*FY- 2021 OFFSET BY FY-2018 OPERATING SURPLUS, FY-2022 OFFSET BY FY-2019 OPERATING SURPLUS AND FY 2023 OFFSET BY FY-2020 OPERATING SURPLUS.

PROPOSED

CAPITAL

CAPITAL PROJECT BUDGET

PROJECTS

AVAILABLE CASH BALANCE

FY 2022 PROPOSED

CAPITAL PROJECTS

FY 2023 PROPOSED

DESCRIPTION

FY 2022

Architectural Panels and Precast Concrete Caulking

Repairs to portions of vertical and horizontal joint caulking at precast architectural panels, precast concrete panels, control joints and expansion joints each year as required.

45,684

Building Expansion Joints

Repairs to building concourse expansion joints, horizontal endzone expansion joints, and bowl precast construction joints.

12,000

Computers

Replacement and/or purchase of office based computers, printers, servers, and support peripherals plus software upgrades and licenses including vendor labor to install.

70,000

Concourse Restroom Floors

Repaint Endzone, upper and lower concourse floors.

70,000

Concrete Sealing

Apply water repellant to bowl

125,000

Maintenance Equipment

Yearly purchase as required of Maintenance and Field Equipment.

68,000

Masonry

Inspect and repair precast masonry unit walls.

25,000

2,941,450 $

675675,265 $

COMMUNITY INVESTMENT TAX

750,000 $

500,000

BOND PROCEEDS

0 $

STADIUM FUNDS PROCEEDS

0 $

Overhead Coiling Doors

Repair doors at docks and on service level each year as required.

17,000

Retractable Bowl Seats in South Endzone

Perform rust remediation on decking, supports and tracks, Paint as needed.

35,000

Security Enhancements

Various security upgrades each year as required.

100,000

Stadium Rails

Replace glass rail system on stair rails and landings in seating bowl, refinish handrails.

550,000

Stadium Seating (Phase 1)

Address faded front edges on red seat bottoms.

59,000

Structural Precast and Escalator Steel Inspection (Phase 1)

Perform recommended repairs per 2017 Walter P Moore Engineers report: repair spalls, cracks, repair grout and inspect escalator structural support / replace flashing as needed per Schindler Elevator report.

90,000

Videoboards

Videoboard control room equipment replacement per Daktronics agreement.

25,906

East Club Window Refirbishment

Reglaze window seals and replace 3 glass panels on the East Club Windows

30,000

Interior and Exterior Lighting Fixtures

Misc rooms throughout the facility.

44,000

Pipe Hangers

Replace exposed corroded pipe hangers and supports.

10,000

HVAC Upgrades

Replace misc equipment and BMS controls throughout the facility

63,000

Insulation

Repair and replace each year as required.

19,000

Pressure Wash 300 Level Raker Beams

Pressure wash 300 level raker beams and exit seating wall.

15,000

Main HW Boilers

Refurbish existing main hot water boiler tanks in Quads "B" and "D".

120,000

Paving Lots A, B, C, D

Asphalt milling parking lots (A,B,C,D and associated roadways) and repair any damaged areas. Sidewalk demolition & Replacement, removal of old concrete Handi-cap pads.

710,000

Tree Replacement/Landscape

Replacement of diseased or stressed palm and oak trees as required

39,936

Contingency Projects

Unforeseen Projects

245,000

ADD: INTEREST INCOME/REVENUE

COUNTY SUBSIDY LEHMAN BROTHERS, INC. BANKRUPTCY CLAIM PAYMENT

0 $

SUBTOTAL: FUNDS AVAILABLE FOR CAPITAL PROJECTS

3,691,450 $

1,425,265 $

500,000

LESS: COMPLETED AND PROJECTED PROJECTS

(1,332,210) $

(2,588,526) $

(918,472)

LESS: BUCCANEERS PROJECTS

(1,683,975) $

0 $

SUBTOTAL: FUNDS REMAINING

675,265 $

(1,163,261) $

(418,472)

ADD: REQUESTED SUBSIDY FOR CAPITAL

$ 0 $ 1,163,261 $

418,472

TOTAL FUNDS REMAINING AS OF FISCAL YEAR END

675,265 $

0 $

TOTAL TSA CAPITAL PROJECTS

2021

FY 2022

TAMPA SPORTS AUTHORITY CAPITAL PROJECTS FY 2021 FORECAST

$ 2,588,526

PROPOSED

PROJECTED

CAPITAL PROJECTS

CAPITAL COSTS OVERVIEW

FY 2023

CAPITAL PROJECTS

DESCRIPTION

FY 2023

Architectural Panels and Precast Concrete Caulking

Repairs to portions of vertical and horizontal joint caulking at precast architectural panels, precast concrete panels, control joints and expansion joints each year as required.

47,595

Building Expansion Joints

Repairs to building concourse expansion joints, horizontal endzone expansion joints, and bowl precast construction joints.

13,000

Computers

Replacement and/or purchase of office based computers, printers, servers, and support peripherals plus software upgrades and licenses including vendor labor to install.

73,000

Concourse Restroom Walls

Repaint walls in Upper Concourses.

35,000

Escalator Canopies

Paint underside and steel columns of roofs over escalators on ramps.

25,971

Maintenance Equipment

Yearly purchase as required of Maintenance and Field Equipment.

69,000

Overhead Coiling Doors

Repair doors at docks and on service level each year as required.

18,000

Security Enhancements

Various security upgrades each year as required.

100,000

Stadium Seating (Phase 2)

Address faded front edges on red seat bottoms.

30,000

Stadium Seating Painting

Paint first six rows of lower bowl and touch ups as needed

20,000

Structural Precast and Escalator Steel Inspection (Phase 2)

Videoboards

Videoboard control room equipment replacement per Daktronics agreement.

25,906

Pipe Hangers

Replace exposed corroded pipe hangers and supports.

10,000

HVAC Upgrades

Replace misc equipment and BMS controls throughout the facility.

65,000

Cooling Towers Piping System

Re-apply epoxy paint on condenser water lines in cooling tower yard.

20,000

Insulation

Repair and replace each year as required.

19,000

Test & Balance

Rebalance east and west club air side VAV's and quad mechanical room and chiller plant water side.

30,000

Restroom Fixtures

Replace misc toilet, urinal and other plumbing fixture components in the Upper Concourses and West Club restrooms.

41,000

Contingency Projects

Unforeseen Projects

245,000

918,472

TOTAL TSA Capital Projects

PROJECTED CAPITAL COSTS OVERVIEW THROUGH 2028 2021-2025

2026-2028

TOTAL

PROJECTED CAPITAL COSTS

(9,645,024)

(2,643,236)

COMMUNITY INVESTMENT TAX

2,000,000

BOND PROCEEDS

STADIUM FUNDS PROCEEDS

COUNTY SUBSIDY

$ 0

LEHMAN BROTHERS BANKRUPTCY CLAIM PAYMENT

INTEREST

FUNDS CARRIED FORWARD

2,941,450

TOTAL UNFUNDED

(4,703,574)

(2,643,236)

$ (12,288,260)

31,000

2,941,450

$ (7,346,810)

HILLSBOROUGH COUNTY DEBT

COMMUNITY INVESTMENT TAX

SERVICE REQUIREMENTS

COMMUNITY INVESTMENT TAX (CIT) DISTRIBUTION SCHEDULE (FY-2020) PUBLIC SAFETY, ROADS, INFRASTRUCTURE NEEDS

LONG-TERM DEBT: DEBT SERVICE PAYMENTS FOR FY-2022

% OF TOTAL CITY OF TAMPA

18,475,384

CITY OF PLANT CITY

1,903,659

CITY OF TEMPLE TERRACE

1,296,147

SUBTOTAL

83,289,232

67%

OTHER FUNDING RECIPIENTS HILLSBOROUGH COUNTY SCHOOLS

30,990,295

25%

RAYMOND JAMES STADIUM

9,681,654

SUBTOTAL

40,671,949

TOTAL CIT DISTRIBUTIONS $ 123,961,181

PRINCIPAL PAYMENTS

INTEREST HILLSBOROUGH COUNTY SCHOOLS

61,614,043

SAFETY AND ROADS

RAYMOND JAMES STADIUM

HILLSBOROUGH COUNTY BOCC

RAYMOND JAMES STADIUM SAFETY AND ROADS

ANNUAL DEBT PAYMENT

STEINBRENNER FIELD $13,590,000 FLORIDA STATE SALES TAX PAYMENTS REVENUE BONDS, SERIES 2017

439,882

550,000

989,882

439,882

550,000

989,882

$28,790,000 SPECIAL PURPOSE BONDS, STATE OF FLORIDA SALES TAX PAYMENT, SERIES 1995

426,794

1,570,000

1,996,794

$10,300,000 SPECIAL PURPOSE BONDS, CITY OF TAMPA GUARANTEED PARKING REVENUE, SERIES 1995

201,300

545,000

746,300

$2,815,000 SPECIAL PURPOSE BONDS, CITY OF TAMPA SURCHARGE LOAN REVENUE, SERIES 1995

86,215

60,000

246,215

714,309

2,275,000

2,989,309

8,754,400

SUBTOTAL

AMALIE ARENA

HILLSBOROUGH COUNTY SCHOOLS

100%

SUBTOTAL

RAYMOND JAMES STADIUM $63,020,000 LOCAL OPTION SALES TAX REFUNDING REVENUE BONDS, SERIES 2015

1,964,400

6,790,000

$19,240,000 FLORIDA SALES TAX PAYMENTS REFUNDING REVENUE BONDS, SERIES 2015

$ 317,100

1,675,000 $ 1,992,100

SUBTOTAL

TOTAL DEBT SERVICE $ PAYMENTS FY-2022

2,281,500

3,435,691 $

8,465,000

10,746,499

11,290,000 $ 14,725,690