FCC White Paper Report

o While a total gut renovation is costly, it is the most cost-effective approach in the long run. Addressing all compliance issues simultaneously reduces the need for multiple future renovations, minimizing disruption and additional expenses.

6. If the existing building must be gutted, why not build a new building instead? Answer: The Committee strongly considered whether it would be best to tear down and build a new structure rather than gutting and renovating the existing building. The estimated cost for a new building was approximately $60 - $70 million versus $38 - $42 million for a significant renovation and expansion. The Committee and the Board have focused on renovation, believing it was possible to address the new requirements and provide desired upgrades more cost- effectively. Additionally, feedback from the focus groups revealed that a renovation was overwhelmingly preferred to a new building. 7. What are the functional and aspirational capital improvements? Answer: In addition to mandatory code upgrades, the possible improvements include: • Enhanced Member Experience: o Welcoming Lobby: Creating a more inviting entrance for members and guests. o Expanded Dining Capacity: Increasing seating capacity from 130 indoors and 60 outdoors to 158 indoors, 25 hybrid indoor and outdoor, and 88 outdoor. In addition, there will be an indoor and outdoor bar with 24 stools in a seamless indoor-outdoor dining setting, all offering the complete dining menu. o Outdoor Dining Space: Adding a covered wrap-around patio overlooking Long Mean's 9th and 18th greens. o Larger Bar Seating: Increasing bar seating capacity from 15 to 24.

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