The document provides details of a proposed plan to construct a 10,000 seat FIFA standard international soccer stadium in Corozal Town, Belize. The total estimated cost of construction is $12.7 million USD. The stadium aims to provide facilities and opportunities for youth in Belize to develop their soccer talents, reduce unemployment, and benefit the local economy through hosting events. Revenue from the stadium is estimated to be over $1.9 million BZE annually from sources such as luxury suites, ticketing, concessions, parking, and concerts.

1. The cost estimated for the construction of the stadium will be $12.7 Million US
Corozal Pride Foundation
Non-ProfitCorporation 501 c3 Entity # C3834667
JPMorgan Chase Bank
Rounting # 322271627
Acount # 777903779
1725 OceanAve Suite 226 #3, 7th
Avenue
Santa Monica CA 90401 Corozal Town
FrederickFlowers Belize Central America
323-304-2861
Fredd.flowers@yahoo.com
Executive summary
Building With Your Help A
FIFA Standard International Soccer Stadium In Belize Central America
Corozal Pride Foundation, is a new non-profit corporation located in USA and Belize Central
America. The company, mission is to sponsor charitable activities in the country of Belize. To
accomplish this task, we solicit funds from counties throughout the world from governments to
corporations and even the private sector. We are the liaison with the respective governments in
Belize to initiate this charitable project. The strength of our organization is measured by its
contribution to society. Corozal Prides Foundation goal is to improve the welfare of citizens in the
country of Belize, most of who live in abject poverty. The primary source of the company’s funds

2. is contributions made by governments, corporations and individuals throughout the world. Grants
collected from these services are core in enabling the organization to meet its obligations.
Today we come to you asking your help financially. We are not asking for money upfront
but a commitment letter stating the amount you are willing to grant us, this will allow us to
work on this project in a timely manner. By knowing who is committed and the amount we
can focus on setting up office, start the hiring process, set up accounts with the different raw
material companies, and coordinate with locals and international supplies.
Like most third world countries, Belize is faced with the challenge of poorly equipped and
inadequate stadiums a scenario which has had several social and economic drawbacks to the
country. Our goal is to build a small but International FIFA Soccer Stadium in Corozal Town
Belize. The plan is to build a FIFA standard Stadium, 10,000 seat capacity. Despite, the fact
that most of the youths in the country are highly talented in sports such as soccer; the available
stadiums are not enough for them to exploit their talents fully. Consequently, most of the talents
have been wasted or inadequately exploited. Instead, due to idleness and high unemployment
levels, most of the youths have resulted to immoral behaviors such a drug abuse. Therefore, by
enabling Corozal Pride Foundation to raise funds to construct a modern stadium in Belize, most
of this social and economic challenges mentioned above will be controlled to a large extent.
Further, the stadium will provide shelter to the citizens during calamities such as hurricanes
which the country is prone to due to its geographical position.
Company Description
Corozal Pride Foundation Company is a new corporation located in USA and Belize. Despite the
company being a non-profit making organization, it has been able to sponsor several small sporting
activities in the US and Belize. This has lead the company to win the trust of more sponsors both

3. locally and internationally. For the past year, the company in collaboration with the government
of Belize in finding land to construct the new stadium on, we now have a site to build on. Indeed,
this has been aligned the mission of Corozal Pride Foundation of improving the welfare of citizens
in country of Belize. One thing we do ask, and that is to please sponsor Corozal Pride
Foundation, leave all funds and affairs in the hands of the private sector, “Corozal Pride
Foundation”, for we have seen and heard of so many sponsorships from international to
locals trying to help the country going through the government, yet nothing has beenseenor
done with the funds. Our goal is to build and manage the daily operation of the stadium. The
foundation for the success of Corozal Pride Foundation, will be to take one project from start to
finish.
Market Analysis
The market for Corozal Pride Foundation has been significantly good. Our goal is to employ
over 1500 part time workers during the construction of the stadium and to keepas many
part time workers on during the day to day operations. Another goal behind building the
stadium is that we can use the stadium to generate funds to support its employees during
operation by having concerts and other sporting events. At this time we are in touch with locals
and international music artists as well as marketing the stadium to off season America football
training camps, something the country has never seen live. This will help us to generate more
funds to build other fun family activities like a water park, golf course, shopping center, bowling
alley, skating rink and even a movie theater. The town of Corozal can use all these family fun
activities. Can you believe that in this modern world we live today we do not have any of these
facilities in Corozal Town, Belize. By constructing a modern and well equipped stadium most of
the youths will have a chance to expose their talents. Sports in modern days are being used as a

4. source of employment which attracts good pay. Therefore, by having youths and an international
male and female soccer organizations identify their talents and use them effectively, the problem
of unemployment which is prevalent in Belize will be reduced significantly. Finally, sports
especially soccer has been used by authorities as a means of enhancing unity and cohesion
among various ethnic groups in the country.
Competitive Analysis
At this time we have no competitive analysis, what we could love to have is a modern FIFA
stadium, this way we can compete and host local and international soccer games. This will help
our economy, lower unemployment and give many the opportunity to have a source of income.
We will be able to host other events like North America, Central America and the Caribbean track
and field and list goes on.
Design and Development Plan
The proposed stadium to be constructed in Corozal Town Belize will have a sitting capacity of
10000 seats. Notably, seats close to the field will be many and will contain luxury boxes. This is
aimed to increase revenues collected from the stadium as majority of the fans prefer seats close to
the field. Besides, the stadium will have the conspicuous and attractive concession area which will
be targeted to increase the revenue collected from the stadium by catering for the affluent fans.
Further, club cafeteria will be constructed to serve various meals to players and attending fans.
Changing rooms will be constructed and fully equipped. For the fans and players owning cars
spacious parking areas will be constructed to cater for their parking space needs. Finally, CCTV
cameras will be installed in various points of the stadium to enhance security.

5. The table below shows the activity and estimated time of completion of tasks of the project.
Activity Projected Completion Time
Clearing land 2 months
Construction of parking space 6 months
Construction and equipping it 13 months
Installation of seats 2 months
Installation of CCTV 2 months
Construction and equipping of changing
rooms
6 months
Total estimated time 2 Year and 7 Months
Operations and Management
(Porterfield, 2012) hold that, proper management and coordination of any project is a
recipe for success of any capital intensive project. Based on Porterfield argument, the following
will be the key officers during the construction of the stadium. First, the project manager will be
mandated to coordinate and control all activities during the construction of the stadium. He will
be conducting routine appraisal of the project to determine how well it is aligned to the
predetermined objectives. He will be able to accomplish this task by liaising with other officers

6. during the design and actual construction of the stadium. Secondly, the financial manager will be
mandated to coordinate with other officers and ensure that funds for the project are prudently
used. The financial officer will be in charge of accounting for all expenditures of the company.
On the other hand, the chief civil engineer and the projects architecture will be responsible in
ensuring that the stadium is constructed in accordance to the required standards of FIFA and
world Cup Stadiums. The I.T specialist will be responsible for installing and troubleshooting all
I.T equipment in the stadium such as CCTV cameras. Finally, the legal officer will be mandated
to ensure the required local laws are complied with during the construction and running of the
stadium after its completion. This will help avoid any legal suites which may derail the
completion and delivery of the project as per the set time.
Financial Factors Cash outflow
The cost estimated for the construction of the stadium will be $12.7 Million US. This cost
will include the total cost and bounding cost. The cost of acquiring a site for constructing the
stadium is $500,000. The organization Corozal Pride Foundation is not going to contract out
the construction work, but the entire work will be done by locals and international experts
hired as employees. This is based on the fact that labor cost in Belize is cheap and available.
The estimated labor cost will be $3,000,000. Construction of the stadium will be $7,600,000. In
order to reduce the cost of equipping the stadium, seats and other amenities will be imported
from the neighboring country of Mexico since their cost is significantly low in Mexico. To
enhance security in the stadium, CCTV cameras will be installed at a cost of $200,000, cost for
constructing a parking site will be$1,300,000, architectural, blue prints $100,000, leaving a
balance of $500,000 for miscellaneous, travel, government fees, marketing and advertising.

7. Expected cash inflow
Revenue stream is estimated to be $300,000 per year. This will be achieved from naming rights,
advertising and concession. The luxury suits constructed in the stadium will be attracting some
income for the locals estimated to be to around $200,000. Further, ticketing revenues estimated
to be $520,000.Finally, revenues from parking is $150,000. This is not the total estimated
income for the years, we are estimating an addition $600,000 for concerts and other events.
The table summarizes estimated costs of constructing the stadium and the annual cash inflow
after its completion.
Activity Capital Outlay Estimated Cash
Inflow per year
Cash outlay $12.7M Cash in stream $ 300,000
Site for
construction of
the stadium
$7,600,000 Luxury suites $ 200,000
Labor $3,000,000 Ticketing
Revenues
$520,000
CCTV Cameras $200,000 Concession $190,000
Parking
Architectural
Concerts /
Events
$1,3000,000
$100,000
$150,000
$600,000

8. Miscel $500,000
TOTAL $12.7M US $1,960,000 BZE
References
Culley, P., & Pascoe, J. Stadium engineering.
Gotham, K. (2011). Public Dollars, Private Stadiums: The Battle over Building Sports Stadiums
by Kevin J. Delaney and Rick Eckstein:Public Dollars, Private Stadiums: The Battle over
Building Sports Stadiums. American Journal Of Sociology, 111(3), 958-959.
doi:10.1086/500781
Llorella, A. (2006). Stadium design. Köln: Daab.
Porterfield, J. (2012). Investment decisions and capital costs. Engelwood Cliffs, N.J.: Prentice-
Hall.
Riahi-Belkaoui, A. (2012). Evaluating capital projects. Westport, Conn.: Quorum Books.
Veeraraghavan, S., & Vaidyanathan, R. (2011). Measuring Seat Value in Stadiums and Theaters.
Production And Operations Management, 21(1), 49-68. doi:10.1111/j.1937-5956.2011.01249.x