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Show • Capital expenditures ( capital investment and operation and maintenance costs) over an eleven year period range from a high of $ 227 million ( no pumping) to a low of $ 65 million ( pumping at 4205 feet). No expenditure estimates are made for those sectors which did not return surveys. Estimate of capital expenditures for current management is $ 100 million and $ 94 million for alternative A. ( See Table 1- 4 and Figure 3.) • Under the assumptions of the economic model, the most significant differences in capital expenditures among the pumping alternatives occurs as the lake is rising rapidly. Under this scenario, entities around the lake are investing to protect facilities, with the most investment for the current management option at $ 50 million and the least for alternative C at $ 25 million. Costs are also incurred for operation and maintenance costs over the eleven year hypothetical period. These are similar among all the pumping options, ranging from $ 50 million for the current management and $ 40 million for alternative C. For the no pumping alternative, capital expenditures turn into losses as facilities are flooded. ( See Table 1- 3 and Figure 1 for estimates of capital expenditures under each of the alternatives as lake level rises.) • Comparing the current management pumping alternative with pumping alternatives A and C, the economic study predicts differences of revenues at high lake levels of $ 80 million for alternative A and $ 100 million for alternative C. These differences in revenues are born almost entirely by private industry. IMC Kalium and UPRR are the industries most likely to suffer reductions in revenues or business interruption at high lake levels. For IMC Kalium, these interruptions can be for 2- 5 years as the lake level rises and primarily mean cessation of potash operations; the company could probably maintain salt and magnesium salt operations. Salinity management decisions would also have an impact on when the company would cease production as costs exceed revenues. For UPRR, the economic model predicts equal reductions in revenues over current management for both alternatives A and C. • For recreation, the economic model predicts no difference in revenues among the pumping alternatives. This is because under all pumping alternatives, the Davis County Causeway must be closed at lake elevations approaching 4208 feet and may close 2- 3 feet below 4208 feet depending on wind and wave action. Inundation of mineral industry and railroad facilities occurs only with the no pumping options. ( Table 1- 5 and 1- 6.) • Closing the Davis County Causeway results in revenue losses to local economies, because the closure prevents visitation to AISP and thus eliminates visitor spending associated with the state park. The economic study found no significant difference in these lost revenues among the pumping options. However, the study does estimate $ 35 million loss in revenues for the no pumping alternative as compared to the pumping options over the 11 year period. ( Table 1- 6.) 215 |