2. Due to a lack of available game days, we will need to play approximately 28 high school and middle school football games at a location other than Milton Frank Stadium. Since middle schools play double headers these games equate to 21 dates that will need to be scheduled at a location other than Milton Frank Stadium. There are four possible options.

3. Option 1 Rent the Louis Crews Stadium at AAMU
Facility Rent $3500/day $73,500
Custodial $1000/day $21,000
Security $0/day $4,200
($98,700)
Parking /day $42,000
Net Annual Cost ($56,700)
This option may not satisfy our requirements since, absent the installation of turf, AAMU would not want to lease their facility prior to a Saturday home game.

4. Option 2: Pay up to $289,000 (a third of the cost) for turf at AAMU in exchange for nine years use of Louis Crew Stadium on Mondays, Thursdays, and Fridays.
Facility Rent $875/day $18,375
Custodial $1000/day $21,000
Security $200/day $4,200
Turf Cost $36,125/yr $32, ($75,686)
Parking /day $42,000
Net Annual Cost ($33,686)
This option is feasible and presents the lowest cost.

5. Option 3: Renovate Goldsmith Schiffman Stadium at a cost of $400,000 (amortized at $20,000/yr for 20 years)
Renovation $13,333/year $20,000
Custodial $1,000/day $21,000
Security $200/day $4,200
Maintenance $20,000/year $20,000
($65,200)
Parking ___0___
Net Annual Cost ($65,200)
There are no parking revenues associated with this option.

6. Option 4: Build a new stadium at a cost of $4 million amortized over 30 years
Construction $133,333/year $133,333 Custodial $1,000/day $21,000
Security $200/day $4,200
Maintenance $70,000/year $70,000
($228,533)
Parking $2,000/day $42,000
Net Cost $186,533
This option would not provide an alternative venue for at least 18 months.

7. Option Recap – Annual Cost 2012 to 2021
Rent Louis AAMU ($52,000)
Nine Year Agreement with AAMU ($37,700)
Renovate Goldsmith Schiffman ($65,200)
New Stadium ($186,533)