TCTA Rent

                                                                                                                           
                                                                                                                           

ALLIANCE OPERATING RESULTS

   

2007

 

2008

 

2009

 

2010

 

2011

 

2012

 

2013

 

2014

 

2015

 

2016

 

2017

 

2018

 

2019

 

2020

 

2021

 

2022

 

2023

 

2024

 

2025

 

2026

 

2027

 

2028

 

2029

 

2030

 

2031

 

2032

 

2033

 

2034

 

2035

 

2036

                                                                                                                           

OPERATING REVENUES

                                                                                                                         

Ticket Sales and Other Presentation Revenue

$

 

28,185,200

 

28,225,000

 

28,400,400

 

28,566,000

 

28,980,000

 

29,849,400

 

30,744,900

 

31,667,200

 

32,553,900

 

33,530,500

 

34,536,400

 

35,676,100

 

36,746,400

 

37,775,300

 

38,870,800

 

40,075,800

 

41,278,100

 

42,516,400

 

43,749,400

 

45,061,900

 

46,413,800

 

47,806,200

 

49,240,400

 

50,717,600

 

52,239,100

 

53,806,300

 

55,420,500

 

57,083,100

 

58,795,600

 

60,559,500

Fundraising

   

4,000,000

 

4,200,000

 

4,200,000

 

4,500,000

 

4,400,000

 

4,400,000

 

4,500,000

 

4,500,000

 

4,600,000

 

4,600,000

 

4,800,000

 

4,800,000

 

4,800,000

 

4,800,000

 

5,000,000

 

5,000,000

 

5,100,000

 

5,200,000

 

5,200,000

 

5,200,000

 

5,300,000

 

5,400,000

 

5,500,000

 

5,500,000

 

5,500,000

 

5,500,000

 

5,700,000

 

5,700,000

 

5,700,000

 

5,700,000

Gross Use Fees

   

1,385,500

 

1,400,000

 

1,442,000

 

1,442,000

 

1,450,000

 

1,460,000

 

1,503,800

 

1,548,900

 

1,595,400

 

1,643,300

 

1,692,600

 

1,743,400

 

1,795,700

 

1,849,600

 

1,905,100

 

1,962,300

 

2,021,200

 

2,081,800

 

2,144,300

 

2,208,600

 

2,274,900

 

2,343,100

 

2,413,400

 

2,485,800

 

2,560,400

 

2,637,200

 

2,716,300

 

2,797,800

 

2,881,700

 

2,968,200

Net Concession and Merchandise

   

650,000

 

660,000

 

686,400

 

690,000

 

690,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

 

705,000

Interest Income

   

600,000

 

610,000

 

630,000

 

640,000

 

650,000

 

750,000

 

770,000

 

800,000

 

810,000

 

930,000

 

940,000

 

960,000

 

1,070,000

 

1,260,000

 

1,270,000

 

1,470,000

 

1,550,000

 

1,600,000

 

1,620,000

 

1,760,000

 

1,920,000

 

1,960,000

 

2,005,000

 

2,160,000

 

2,305,000

 

2,600,000

 

2,575,000

 

2,715,000

 

2,875,000

 

3,040,000

Net Box Office Revenues

   

341,600

 

358,700

 

380,000

 

399,000

 

410,000

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

 

422,300

Management Fee From City of Minneapolis

   

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

TOTAL OPERATING REVENUE

$

 

35,162,300

 

35,453,700

 

35,738,800

 

36,237,000

 

36,580,000

 

37,586,700

 

38,646,000

 

39,643,400

 

40,686,600

 

41,831,100

 

43,096,300

 

44,306,800

 

45,539,400

 

46,812,200

 

48,173,200

 

49,635,400

 

51,076,600

 

52,525,500

 

53,841,000

 

55,357,800

 

57,036,000

 

58,636,600

 

60,286,100

 

61,990,700

 

63,731,800

 

65,670,800

 

67,539,100

 

69,423,200

 

71,379,600

 

73,395,000

                                                                                                                           

OPERATING EXPENSES

                                                                                                                         

Artist Fees and Direct Show Expenses

$

 

24,811,200

 

24,875,000

 

24,900,000

 

25,100,000

 

25,200,000

 

25,905,600

 

26,631,000

 

27,376,700

 

28,143,200

 

28,931,200

 

29,741,300

 

30,574,100

 

31,430,200

 

32,310,200

 

33,279,500

 

34,211,300

 

35,203,400

 

36,189,100

 

37,202,400

 

38,244,100

 

39,314,900

 

40,415,700

 

41,547,300

 

42,710,600

 

43,906,500

 

45,135,900

 

46,399,700

 

47,698,900

 

49,034,500

 

50,407,500

Education, MOSAIC, subsidized rents for local non-profits

   

975,000

 

1,000,000

 

1,025,000

 

1,050,000

 

1,075,000

 

1,107,300

 

1,140,500

 

1,174,700

 

1,209,900

 

1,246,200

 

1,283,600

 

1,322,100

 

1,361,800

 

1,402,700

 

1,444,800

 

1,488,100

 

1,532,700

 

1,578,700

 

1,626,100

 

1,674,900

 

1,725,100

 

1,776,900

 

1,830,200

 

1,885,100

 

1,941,700

 

2,000,000

 

2,060,000

 

2,121,800

 

2,185,500

 

2,251,100

Payroll and Payroll Taxes (non-show)

   

5,249,700

 

5,407,100

 

5,550,000

 

5,716,500

 

5,800,000

 

5,900,000

 

6,077,000

 

6,200,000

 

6,325,000

 

6,514,000

 

6,709,000

 

6,900,000

 

7,100,000

 

7,300,000

 

7,500,000

 

7,725,000

 

7,956,000

 

8,194,000

 

8,439,000

 

8,692,000

 

8,952,000

 

9,220,000

 

9,496,600

 

9,781,000

 

10,074,000

 

10,376,000

 

10,687,300

 

11,007,900

 

11,338,100

 

11,678,200

Building related expenses (non-payroll, Repair and Maintenance, Insurance, etc)

   

3,073,300

 

3,145,000

 

3,220,000

 

3,316,600

 

3,415,100

 

3,517,000

 

3,622,000

 

3,700,000

 

3,811,000

 

3,925,000

 

4,042,000

 

4,160,000

 

4,285,000

 

4,413,000

 

4,545,300

 

4,681,000

 

4,821,000

 

4,965,000

 

4,965,000

 

5,113,000

 

5,266,000

 

5,423,000

 

5,585,000

 

5,752,000

 

5,924,000

 

6,101,700

 

6,284,800

 

6,473,300

 

6,667,500

 

6,867,500

Other (institutional advertising, travel, fundraising expenses, office lease, office supplies, etc)

 

505,000

 

520,000

 

535,600

 

551,700

 

568,000

 

580,000

 

597,400

 

615,000

 

630,000

 

648,000

 

667,000

 

687,000

 

707,600

 

728,800

 

750,600

 

773,000

 

796,000

 

819,000

 

843,500

 

868,000

 

894,000

 

920,000

 

947,600

 

976,000

 

1,005,000

 

1,035,000

 

1,066,100

 

1,098,100

 

1,131,000

 

1,164,900

Rent Payment to City of Minneapolis

   

500,000

 

500,000

 

500,000

 

500,000

 

500,000

 

562,800

 

562,800

 

562,800

 

562,800

 

562,800

 

652,400

 

652,400

 

652,400

 

652,400

 

652,400

 

756,300

 

756,300

 

756,300

 

756,300

 

756,300

 

876,800

 

876,800

 

876,800

 

876,800

 

876,800

 

1,016,400

 

1,016,400

 

1,016,400

 

1,016,400

 

1,016,400

Management Fee

   

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

TOTAL OPERATING EXPENSES

$

 

35,114,200

 

35,447,100

 

35,730,600

 

36,234,800

 

36,558,100

 

37,572,700

 

38,630,700

 

39,629,200

 

40,681,900

 

41,827,200

 

43,095,300

 

44,295,600

 

45,537,000

 

46,807,100

 

48,172,600

 

49,634,700

 

51,065,400

 

52,502,100

 

53,832,300

 

55,348,300

 

57,028,800

 

58,632,400

 

60,283,500

 

61,981,500

 

63,728,000

 

65,665,000

 

67,514,300

 

69,416,400

 

71,373,000

 

73,385,600

                                                                                                                           

NET OPERATING RESULTS

   

48,100

 

6,600

 

8,200

 

2,200

 

21,900

 

14,000

 

15,300

 

14,200

 

4,700

 

3,900

 

1,000

 

11,200

 

2,400

 

5,100

 

600

 

700

 

11,200

 

23,400

 

8,700

 

9,500

 

7,200

 

4,200

 

2,600

 

9,200

 

3,800

 

5,800

 

24,800

 

6,800

 

6,600

 

9,400

                                                                                                                           
                                                                                                                           

CASH ON CASH RETURN

   

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

                                                                                                                           

INTERNAL RATE OF RETURN

   

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

 

See Narrative

                                                                                                                           
                                                                                                                           
                                                                                                                           

DEBT SERVICE RESULTS

   

2007

 

2008

 

2009

 

2010

 

2011

 

2012

 

2013

 

2014

 

2015

 

2016

 

2017

 

2018

 

2019

 

2020

 

2021

 

2022

 

2023

 

2024

 

2025

 

2026

 

2027

 

2028

 

2029

 

2030

 

2031

 

2032

 

2033

 

2034

 

2035

 

2036

                                                                                                                           

RESTORATION FEE INCOME

   

1,456,400

 

1,476,510

 

1,476,510

 

1,476,510

 

1,476,510

 

1,650,950

 

1,650,950

 

1,650,950

 

1,650,950

 

1,650,950

 

1,713,250

 

1,713,250

 

1,713,250

 

1,713,250

 

1,713,250

 

1,806,700

 

1,806,700

 

1,806,700

 

1,806,700

 

1,806,700

 

1,806,700

 

1,806,700

 

1,806,700

 

1,806,700

 

1,806,700

 

815,482

 

-

42,250,440

-

 

-

 

-

                                                                                                                           

DEBT SERVICE PAYMENT - CITY OF MINNEAPOLIS

   

1,205,898

 

1,205,898

 

1,205,898

 

1,205,898

 

1,327,554

 

1,325,733

 

1,328,510

 

1,471,874

 

1,470,690

 

1,473,570

 

1,626,234

 

1,628,414

 

1,628,989

 

1,798,278

 

1,796,013

 

1,791,608

 

1,979,168

 

1,978,128

 

1,973,817

 

2,170,515

 

2,167,674

 

2,165,339

 

2,377,239

 

2,377,694

 

2,372,154

 

2,598,942

 

-

43,052,787

-

 

-

 

-

                                                                                                                           

INCREASE OR DECREASE IN DEBT SERVICE RESERVE

   

250,502

 

270,612

 

270,612

 

270,612

 

148,956

 

325,217

 

322,440

 

179,076

 

180,260

 

177,380

 

87,016

 

84,836

 

84,261

 

(85,028)

 

(82,763)

 

15,092

 

(172,468)

 

(171,428)

 

(167,117)

 

(363,815)

 

(360,974)

 

(358,639)

 

(570,539)

 

(570,994)

 

(565,454)

 

(1,783,460)

 

-

(802,347)

-

 

-

 

-

                                                                                                                           

ANNUAL NET DEBT SERVICE INCOME (EXPENSE)

   

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

                                                                                                                           

END OF YEAR BALANCE FOR FUTURE YEARS DEBT SERVICE,

                                                                                                                         

INCLUDING INTEREST

   

250,502

 

531,134

 

822,991

 

1,126,523

 

1,320,540

 

1,698,579

 

2,088,962

 

2,351,596

 

2,625,920

 

2,908,337

 

3,111,686

 

3,320,990

 

3,538,090

 

3,594,586

 

3,655,606

 

3,816,923

 

3,797,132

 

3,777,589

 

3,761,575

 

3,548,223

 

3,329,178

 

3,103,707

 

2,657,316

 

2,192,614

 

1,714,865

 

-

 

-

 

-

 

-

 

-

Last updated Sep 27, 2011