Sierra Planning and Management Velodrome - Town of Milton

Velodrome Business Plan – Town of Milton v
The importance of the achievement of an effective management organization and governance structure
cannot be overstated in terms of its impact on the ability of the facility to maximize revenues, achieve its
potential for international event hosting, and satisfy the needs of local users.
FUNCTIONAL SPACE PROGRAMMING
The Town of Milton along with consulting team members are currently working with Toronto2015 and
Infrastructure Ontario and their retained project design consultant (PDC), B&H Architects, to address the
need for greater specification the functional program to meet the needs of the Town of Milton and the
potential users of the facility from the local community. The resulting statement of functional program
will be subject to further capital cost estimates by Infrastructure Ontario and the results would be made
known to the Town of Milton upon receipt of these estimates. It is likely, that a process of iteration will
be required to achieve an appropriate balance between those functional spaces that are essential, those
which are desired but not mandatory, and other opportunities as measured against the incremental
capital costs associated with each item.
INDICATIVE FINANCIAL ANALYSIS OF FACILITY REVENUES AND EXPENSES
The assessment of indicative financial performance of the velodrome is based on the following
framework:
Option A: Community Legacy Facility Option B: Community Legacy with Laurier
University
Scenario 1: Lower revenue potential, higher Scenario 1: Lower revenue potential, higher
operating costs
operating costs
Scenario 2: Moderate revenue base Scenario 2: Moderate revenue base
Scenario 3: Higher revenue potential Scenario 3: Higher revenue potential
Section Executive Summary
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