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As the City of Mount Ayr considered different options to renovate or construct a new facility, one of the most interesting reports was prepared by Stone Planning in February of 2020.
They completed a feasibility analysis of potential new recreation facilities in Mount Ayr comparing options for an outdoor pool, a limited fitness center with an indoor/outdoor pool, and a comprehensive fitness center with an indoor pool.
Their research, analysis, findings, and conclusions and recommendations were prepared solely for use by the City of Mount Ayr and its stakeholders to assist in strategically planning for potential facility development.
The report included a local market analysis, site analysis, funding analysis, and an operational analysis based on the study of eight other communities.
All four outdoor pools studied (Akron, Bedford, Lenox and Leon) were noted as losing money as financial figures were analyzed.
The Adams Community Aquatic Center in Corning, IA was the exception, as they saw positive net revenues between $14,935-$25,485 in 2018 and 2019 according to Stone Planning’s financial analysis.
Of the four wellness center facilities studied in Corning, Manning, Stanton, and the Dekko Community Center in Ada, MN, most are not profitable, but rather operate as a community benefit. Stanton stands out as they have had ongoing contirbutions and grant revenue and are operated privately by Stanton Friends.
According to Stone Planning’s operational analysis of different facility options, a new outdoor pool is the most economical option. Their findings show a new pool could have a lower operating deficit due to higher expected usage.
A summary of estimated construction costs, revenues and expenses for all facility types were provided with their report (shown in Chart A).
With a funding plan now in place, the community looks forward to the day that they can dive in and enjoy all the time, energy and money spent to continue providing a public pool in Mount Ayr.