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CITY OF EVERETT AQUASOX PAGE 1 <br />ECONOMIC IMPACT UPDATE SCOPE OF WORK MARCH 12, 2024 <br />Everett AquaSox <br />Economic Impacts Analysis Update <br />March 12, 2024 <br />B ACKGROUND AND P URPOSE <br />Everett, Washington, has long been the home of the Everett AquaSox, now <br />considered a High-A Club, the third-highest level of play in Minor League <br />Baseball. In recent years, sweeping changes were implemented to Minor <br />League Baseball (MiLB), nationwide. New team divisions and multiple <br />ownership consolidations come with new expectations of team operations and <br />playing venues. <br />Funko Field has been a mainstay in Everett since 1947, and home to the <br />AquaSox and its predecessor club since 1984. The stadium underwent <br />extensive renovations in 1998, including many on-site improvements and <br />expansion to 3,700 seat capacity. Funko Field is part of the larger Everett <br />Memorial Stadium sports complex, owned by the Everett School District. <br />Major League Baseball (MLB), now overseeing MiLB, requires new standards <br />for minor league venues that affect Funko Field as the home of the AquaSox. <br />As a result, the City of Everett seeks to understand the economic benefits of <br />the AquaSox at Funko Field and at a potential alternative site. The City of <br />Everett contracted with Community Attributes to conduct a study assessing <br />the economic impacts of the AquaSox at Funko Field, in addition to the <br />potential impacts that may be generated at two downtown alternative sites <br />with varying degrees of non-baseball events was conducted in 2022. <br />The City of Everett has requested an update to the economic impacts of two <br />sites, the AquaSox at Funko Field in 2023 and the estimated potential <br />impacts of a downtown alternative site at Broadway and Hewitt Ave. The <br />following Work Plan presents our approach to this work for the City of <br />Everett. We will welcome additional discussion to refine the plan, as needed. <br />W ORK P LAN <br />Task 1. Data Gathering and Direct Impacts <br />The project will begin with a kick-off meeting to align expectations on <br />deliverables and timeline. Additionally, this kick-off meeting will be <br />leveraged to discuss data collected by the City of Everett, the Everett School <br />District, Funko Field and the AquaSox. Specific data required for the <br />updated analysis includes, but is not limited to: <br />EXHIBIT A: SCOPE OF WORK