Friday, April 03, 2009

Field Turf Loan Paid Off

As was reported in the Cincinnati Enquirer on Monday, March 30, the
Colerain Boosters have indeed made its final payment on the $500,000
loan for the stadium's Field Turf. As a result of the vision put forth
by Coach Kerry Coombs and presented to the organization by Skip MacKay,
Booster President Warren Schulte provided the necessary leadership and
willingness to sign a loan document on behalf of the Boosters. But the
project didn't end with the installation of the field in August 2004.
To reach the point where the loan could be retired, the Boosters relied
on the Field Turf Committee, parents, community members, and alumni to
raise the funds and honor pledges so monthly payments could be met.
This project was in addition to the regular support the Boosters provide
to students in all extracurricular activities at the high school and its
two middle schools.

To everyone who supported this project through contributions or
attendance at one of the many Booster events, the Boosters sincerely
thank you!

Key Facts About The Project
- 1,074 individuals contributed $386,000 with contributions ranging from
$5 to $50,000.
- 87% of the individual contributions came from within the Colerain High
School attendance area.
- Alumni contributed 40% of the funds.
- Contributions were received from Florida to Washington and California
to Vermont and points in between.
- 65 Corporate Partners contributed $216,000.
- It was expected that the loan would be retired in 5 years and was
actually paid off after 57 payments - 3 1/4 years ahead of schedule.
- The Boosters continued to support all extracurricular activities with
other major projects completed at the same time, i.e. Soccer and
Softball storage buildings, Cardinal Village, Concession Stand
renovations, Wrestling Mats at the two middle schools, student
scholarships, etc.

The anticipated benefits of installing Field Turf have been realized:
- Consistent, safe playing surface for football
- All students are able to use the field for PE classes
- Middle Schools play all of their home games at the high school
- The Band has a safe place to practice and perform
- Soccer can use the field if the Soccer field is deemed unplayable
- Baseball & Softball can use the field for practice when necessary
- Community use - Lacrosse, Youth Football

A Vision became Reality as a result of a carefully crafted plan. It
clearly wasn't easy and there were some on the outside who thought we
would fail expecting that we would be looking for a bailout. But that
wasn't about to happen because.....................'We Are Colerain!'

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