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HomeMy WebLinkAboutCSD-06-077 - Ottawa Street Message Centre Screen Replacements ) ~ Community Services ~ Report To: Date of Meeting: Submitted By: Prepared By: Ward(s) Involved: Date of Report: Report No.: Subject: Community Services Committee June 12, 2006 Keith Baulk, Director, Enterprise Kim Kugler, Manager, Kitchener Memorial Auditorium Complex Gary England - Project Manager, Energy Management All May 29,2006 CSD-06-077 OTTAWA STREET MESSAGE CENTRE SCREEN REPLACEMENTS RECOMMENDATION: That the electronic message display screens on the Ottawa Street pilon sign be replaced with new technology, and further; That the screen replacements be funded over the next five years on a business case basis through advertising revenues, energy savings and savings in bulb replacements. BACKGROUND: An outdoor double faced message centre was installed 10 years ago on the city owned parcel of land on Ottawa Street by the expressway off ramp. The sign is used to advertise upcoming event activity scheduled at the Aud and as a revenue source currently generating $13,000 in revenue annually. The revenue has been used to offset the original capital cost. The original capital costs for the message centre including the sign pilon, electrical upgrades and installation was $185,000. To date there is a deficit balance in the capital account of $22,000. The sign is aging and the technology is outdated. During the last two years significant dollars have been invested maintaining the sign and additional dollars are required once again to make the sign operational. Annually, the operating costs for the light bulbs are $4,000 and the utility bill averages $6,000. REPORT: Currently the sign on Ottawa Street has one side of the message centre turned off and the other side is running at approximately 80% of its capacity. As a result of winter damage the repair and replacements of the bulbs will cost in excess of $6,000 and lost revenues for a sign running at partial capacity is costing approximately $1,000 per month. Due to the significant investment required to maintain the screens, staff undertook a review of the current operating costs of the message board and a review of the new technologies now available in outdoor signs. CSD-06-077 - 2- Display technology has changed drastically over the past ten years. The LED or light emitting diode technology has taken over the lighting aspect of outdoor digital signage. The fact that the power consumption of an LED has reduced operating costs by as much as 85 - 90 per cent and the 100,000 hours life expectancy of LED technology has substantially lower replacement costs. With LED technology the annual maintenance costs will drop from $4,000.00 per year to $1,000.00 per year and the energy costs of $6000 will decrease to $2,000 per year. Staff would like to obtain quotes immediately so that the screens could be replaced and running for mid August just prior to hockey season and event announcements. FINANCIAL IMPLICATIONS: Staff have worked with Facility Management staff in determining the amount of energy savings to be realized. Funding required for the two electronic screen replacements and installation is approximately $75,000. Sources of funding will be $4,000 from Energy Management, $3,000 in capital cost savings and $13,000 in advertising revenue. This totals $100,000 over 5 years. A summary of the revenues and costs are as follows: Revenues 1. Annual energy savings 2. Advertising revenues 3. Maintenance cost avoidance Total/year 5 year total revenues Costs 1. Capital costs of electronic boards 2. Current deficit Total costs $ 4,000 13,000 3000 $ 20,000 $100,000 $75,000 22 000 $97,000 CONCLUSION: Replacing the Ottawa Street message centre screens will improve the aesthetics of the sign, lower operating and energy costs and provide a valuable advertising medium for revenues. These savings and advertising revenues will pay 100% of the cost of the sign over 5 years. Keith Baulk, Director Enterprise Division