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NEWS

Cost for equestrian center nearly doubles

Friday, February 5, 2010
(Updated 7:44 am)

WENTWORTH — Livestock equipment broker Emery Thibodeaux is one of those horse owners you may have heard about. You know, the ones so excited about the prospects of an equestrian center in Rockingham County that they pack up their horse trailers and move here before the first 100-stall barn goes up.

Thibodeaux said he bought 25 acres near Stoneville two years ago and has no regrets about his decision, even as County Manager Tom Robinson tries to close a funding gap for a project that has almost doubled in price during the past few months.

“I am very impressed with Tom (Robinson) because he is being totally honest with the people,” said Thibodeaux, who attended a special meeting about the horse park on Thursday. “His numbers are sound. But I think he is underestimating the involvement of the private sector. I believe the private sector needs to step up to the plate and make this happen.”

More than 100 people, including backers and opponents, packed a board room to hear Robinson update the Rockingham County Board of Commissioners on the status of the Horse Park of the South, a Reidsville facility that has been in the works for about six years. Unanticipated infrastructure costs drove up the price of the first phase from $6.8 million to as much as $13.3 million.

“No pun intended, but with these figures that pretty much just shoots us out of the saddle,” Robinson told the public during the meeting.

Robinson didn’t ask the commissioners to move forward with the project on Thursday; he plans to present his final request within three months. But Robinson did reveal possible funding sources to cover a shortfall that ranges from $6.4 million to $8.4 million.

Those sources include:

-- $600,000 from the state Transportation Department to pay for road improvements.

-- $400,000 from the N.C. Rural Center to pay for water and sewer pipes.

-- $500,000 from the N.C. Tobacco Trust Fund.

-- $500,000 in foundation grants from MillerCoors, which has a plant in Eden.

-- $1 million in private donations and corporate naming rights.

-- $3.5 million in commercial property sales.

-- $4.3 million in federal low-interest bonds.

The county so far has about $5 million in contributions, including $2.4 million from the General Assembly and

$1.5 million from the Golden Leaf Foundation. Phase one of the 160-acre park would include 300 stalls, four outside show rings and classroom space for partner N.C. A&T.

Glenn Petty, a horse industry veteran and adviser on the project, told commissioners that he still thinks the equestrian center is a good investment, despite the current recession.

“I feel just as strongly now that this is something that can benefit the citizens of Rockingham County as I did going in on this six years ago,” Petty said.

And Thibodeaux, wearing a “Horses Rock” sticker on his blue plaid shirt, said he hopes to bring to the county an annual cattle roping competition that now takes place at a South Carolina facility.

“We’re ready to book us a date now,” he said.

Contact Morgan Josey Glover at 627-4881, Ext. 119, or morgan.josey@news-record.com 

Accompanying Photos

File photo (News & Record)

Comments

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summerfield01

February 5, 2010 - 6:46 am EST

This would bring a lot of jobs to the area, especially if local firms are used during construction. After it's built, local people will be needed for maintenance and support staff, people from out of town will stay in local hotels, eat at local restaurants, buy gas at local stations, and buy things they forgot to pack from local stores. If you think about this project as a new industry for the area, the economic impact is tremendous. We need new industries that can replace jobs lost. This isn't about building a new toy for horse people, but about providing a way the equestrian community can be tapped to put their money back into the local area instead of having to go out of town to spend those same dollars. "If you build it they will come..."

Panacea

February 5, 2010 - 6:53 am EST

Thibodeaux, stated “I believe the private sector needs to step up to the plate and make this happen.”

Really? You think the private sector has some obligation to pay for your park? You sound just like the swim center supporters in Greensboro.

Norm*

February 5, 2010 - 7:03 am EST

Swim center. Equestrian center. Same thing, same demographic except more rural zip code for one. I hope I can get me a job cleaning either the pool or stalls.

Mick

February 5, 2010 - 12:07 pm EST

I have no hard evidence to back this up but I think that more people swim than ride horse. Of course, I could be wrong.

newkid

February 6, 2010 - 10:48 am EST

Or luxury hotel downtown. Perhaps a different demographic, but the same unrealistic cost projections that plague all these proposals.

speakup2

February 5, 2010 - 7:37 am EST

If this deal is so Lucrative. How come some wealthy person hasn't already built it years ago? Whenever they ask for Tax Payer Dollars to build something...You know that there is no money in it...

jstevenh1952

February 5, 2010 - 9:23 am EST

Good point! We could include a hotel in this mix as well. The U.S. taxpayer is the patsy for alot these days.

tledford

February 5, 2010 - 9:32 pm EST

Isn't just "these days."

Mick

February 5, 2010 - 12:09 pm EST

because much of the income (sales taxes, hotel taxes) from these types of facilities do not go to the buiding itself. Therefore they do not make good private businesses. Most major pools are municipally or university owned. No idea about horse facilities.

jeaniegnc

February 5, 2010 - 9:57 am EST

I wonder if the taxpayers paid for a feasibility study that was kept secret until after this project was voted on? Any stimulus money involved? County Manager taking it slow and easy and gathering information so he must not be from Greensboro/Guilford County. I also wonder if any of the staff stands to make a broker's commission on this one?

Illiterati

February 5, 2010 - 10:07 am EST

Rockingham residents didn't get to vote on the horse park. The county commissioners took it upon themselves to spend all this money for us. Millions of dollars for something that has been shown by the executive director of the Lexington Horse Center (in a detailed letter presented to the commission) to be a money-losing venture. Meanwhile, our infrastructure needs a lot of work, but those projects are put on hold for lack of funds.

Panacea

February 5, 2010 - 11:17 am EST

Heaven forbid either Rockingham or Guilford County fix all the potholes from our current bad winter.

hugh

February 6, 2010 - 9:49 am EST

Remember, Moss Creek Subdivision in Brown's Summit started out 20+ years ago as a planned equestrian center. The huge barn that was built off Hwy. 150 is now someone's house.

lwwilli

February 5, 2010 - 10:07 am EST

Sounds like a nother penn plantation to me. What is going to happen when all the local investors are paid out. Who then will be ask to pay. WHAT! I know we taxpayers will get the shaft then. Another Nelson Cole will come to the rescue like he did for the penn plantation. Im still feeling the burn from that one.

Illiterati

February 5, 2010 - 11:31 am EST

"$4.3 million in federal low-interest bonds"

Those are the same bonds that GSO allocated for the hotel project. It's interesting to see what other NC municipalities want to use these bonds for: mostly things like schools, libraries, road improvements, water/sewer upgrades, and the like. Rockingham County, one of the poorest in the Triad and with the highest unemployment, wants to grab $4.3 million for a horse park. The commissioners' priorities do not lie with their constituents, it seems.

msmithwick

February 5, 2010 - 11:37 am EST

This is a Capitalist, not Socialist country. If the Equestrian Center is such a great thing there would be lots of private capital to finance it. That is not happening because the people with money know that it is not a good investment. The County Manager and Commissioners do not need to be gambling taxpayers money. Our tax rates are too high as it is. The County Manager needs to focus on other things or seek other employment.

citycritic

February 5, 2010 - 1:09 pm EST

It would appear that the county fathers have instructed Mr. Robinson that the smoke signals they see from the citizens are negative concerning the Pony Farm. If that were not the case our over paid county manager would be advising to get this thing built now. In a county as economically depressed as Rockingham is how can anyone in their right mind think this is a wise investment ? Remember folks, if the government is your largest employer, you have systemic problems of a rather large magnitude. Oh, and the Civic Center over at Wentworth University, don't get people started on that.

ravencottage

February 5, 2010 - 5:07 pm EST

Wentworth University...that is soooo funny but so true!

timflowers

February 5, 2010 - 1:27 pm EST

Since I don't live in Rockingham County I want take a stand one way or the other as to whether or not the center should be built. But I find it interesting that when health care reform is mentioned, people start crying "socialist!". But those same people are strangely quiet when public (taxpayer) funds are used for libraries, clinics, highways, parks, and countless other functions, including horse parks.

Why the double standard?

CADDMAN

February 5, 2010 - 2:37 pm EST

Tim think its not fair to compare a "Pony Palace" to highways that we all use.

BTW , I think health care needs reform when they charge $100.00 for a Aspirin, I just don't want the Government
telling me to use there health care when politicians wouldn't use it.

HotRodLincoln

February 5, 2010 - 2:18 pm EST

Hard heads, that describes the Rockingham County Commissioners to a "T". Sneaky too, when public opinion doesn't agree with them their favorite move is to "table the issue till the next meeting". Then they drag it out till public out cry clams down. That's what they've done with the "Pony Palace", that's what they're doing with the dog ordinance.

tomdian

February 5, 2010 - 4:04 pm EST

I do not understand how Rockingham County can own a horse park using taxpayer money. I do not recall that anyone voted for it. If it is so great, why haven't private investors already built it. I would say that one reason is that these investors have already heard what has been stated about the Lexington, VA horse park....It is a 'BUST' so, why do we want one? Rockingham County, listen to what "THE WILL OF THE PEOPLE" says. County residents, join "THE WILL OF THE PEOPLE" so that citizens' voices can be heard instead of having items rammed down our throats. Taxes are high enough - work on good jobs - not low-class jobs cleaning horse stalls.

bettejayne

February 5, 2010 - 7:55 pm EST

Rockingham County commissioners will find out the same thing a few of the Greensboro Council found out and the Mass. liberals found out a few weeks ago. The people are tired of elected representatives not doing their will. The peoples memory will not fade so quickly this time. Enjoy the benefits (what ever they are) of your positions and spend like you want to until the next election.

NRay

February 6, 2010 - 11:38 am EST

The annual economic impact of the equine industry in North Carolina is $1.9 billion. That's right, billion. 72% of these expenditures are made in the county where any particular operation is located. It's no reach of logic to suppose that growth of an industry of this size would have a substantial effect on the state and local economies. North Carolina is perfectly positioned for growth in equine operations. We have the land, the weather, and the human know-how is already in place. If there is an economic impact study that supports a forecast of a substantial growth of industry as a result of the expenditure of a few million dollars, I don't see the Equine Center as any different from an investment in roads, airports or fire departments. Despite the facts that most of us will never fly, and even fewer of us will ever call the fire department, I believe few would deny the economic benefits of these services. Let the facts speak for themselves; if the numbers say they will come if we build it, then let's show some confidence in ourselves and build the Center.

DocF

February 6, 2010 - 6:44 pm EST

So this promises to be a big boondoggle instead of a moderate sized one.

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