FLIP wants to answer your questions about the pool project and the #1 question is, “What about maintenance costs?” We have an exciting announcement to share that will help answer this! Recently, we just received a gift of $500,000, to be allocated solely to a Reserve Fund for maintenance and operations (M & O). Although the projected M & O budget figures for the indoor facility do not show a shortfall, this fund would cover one. It serves as “insurance” for a sustainable facility.
Our conservative revenue projections (based on stats compiled from the USA Swimming Association, the National Aqua Master Plan Study, Lopez Island demographics and an independent feasibility study completed for FLIP), show that the annual revenues for a year-round pool on Lopez should well exceed annual expenses. The independent study was of eleven pool facilities in Washington that operate in communities of similar size to Lopez. The new maintenance reserve fund and our detailed revenue projections give us more confidence than ever that our pool facility is a wise investment for our community!
In addition, check out our web site’s Building Plans page to learn about our low maintenance pool and bathhouse.
For other questions you may be wondering about, visit our website’s FAQs page at www.lopezislandpool.org.