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MAJOR CAPITAL PROJECT DESCRIPTION <br />FOR YEARS 2005 - 2008 <br />square foot expansion would provide a highly attractive gathering space for conventions, while <br />providing additional revenue to the City of South Bend. The expansion would generate revenue by <br />expanding current conventions, adding addlitional trade shows and public shows, and increase <br />banquet and meeting business. This expansion would also increase the economic impact for the <br />community at an estimated $20 million annually. <br />If expanded, anticipate additional hotel and parking accommodations. <br />Fundin Source <br />General Obligation Bond <br />Activi , Date <br />2007 $30,000.000 <br />TOTAL $30,000,000 <br />Projected Ongoing_Operating Cost Impact <br />A 60,000 square foot expansion would increase the operating expense budget approximately <br />$750,000 annually. This would include additional labor, energy costs, supplies and services. The <br />operating revenue impact would be estimated at $750,000 annually. There are no impact numbers <br />for hotel and parking expansion at this timE;. <br />D-54 <br />