2022 Annual Comprehensive Financial Report

Greensboro Aquatic Center , a state-of-the-art, 78,323 square-foot indoor swimming facility, with seating capacity of 1,850 and total capacity of 2,500 has been in operation since September 2011. Built at a cost of $19 million, the GAC features leading edge concepts in aquatic design. The GAC brings together all major aquatic sports - competitive swimming and diving, water polo, synchronized swimming and other unique sports all in

one venue. The GAC has provided Greensboro the opportunity to host high school and collegiate events, USA swimming meets, Master’s swimming and U.S. Water Polo events as well as many local, regional, national and international competitions. The GAC hosted the 2015 NCAA Division I Women’s Swimming & Diving Championships, 2016, 2019 and 2020 Division III Women’s & Men’s Championships, and 2021 NCAA Division I Championships. The 2022 NCAA Division II Championships were held and 2023-2025 NCAA Division III Championships will be hosted at the GAC. Along with hosting NCAA Championships, the Aquatic Center also hosts numerous regional, state and national

competitions. The GAC currently has nine future championship events scheduled frommid-2021 through 2025. With the increase in demand, the GAC completed a fourth pool in September 2019, housed in a 27,600-square foot building attached to the existing GAC by a breezeway corridor. The $8.3 million project, funded by hotel occupancy tax revenue, provides 19 additional lanes making the Greensboro Aquatic Center one of the top aquatic venues in the nation. The Greensboro Area Convention & Visitors Bureau has projected the economic impact of GAC events at more than $180 million over its first 10 years of operation. In October 2016, The Fieldhouse was completed and is home to the NBA Charlotte Hornets G-League team affiliate, the Greensboro Swarm. The 30,000-square-foot, column-free facility seats over 2,100 fans and houses the team’s training facility, equipment room, basketball operations, merchandise stand, concessions, VIP area and kid zone. In addition to 24 annual Swarm home basketball games, The Fieldhouse also hosts other sporting events including roller derby, boxing, gymnastics and wrestling, as well as meetings, tradeshows, graduation ceremonies and concerts. The White Oak Amphitheatre is located on the southern end of the Greensboro Coliseum Complex campus. The Amphitheatre features outdoor seating capacity of 7,061, including more than 2,000 reserved seats and general admission lawn seating for more than 5,600 patrons. This facility hosts a diverse selection of community events, music, arts and crafts and festival type events. The venue also supports entertainment at the annual Central Carolina Fair. The name White Oak was selected in honor of the City of Greensboro’s “official” tree and a grove of white oaks surround the venue’s seating area. The traditional amphitheater season is a six-month schedule of events running from May through October. The ACC Hall of Champions opened in 2011 and honors the league’s schools, athletes and coaches with displays of sports memorabilia and interactive games to celebrate the storied history of the ACC conference. Funding of the $2.3 million project was provided by the State of North Carolina for tourism and economic development activities. The $94 million project for the Steven Tanger Center for the Performing Arts (Tanger Center), with seating capacity of approximately 3,000, is located in downtown Greensboro and was completed in March 2020. The project was funded by a public/private partnership with $43.4 million in public funds provided by the City and $41.8 million in private funds raised by the Community Foundation of Greater Greensboro and approximately $8.8 million in other contributions. Donor pledges towards funding of the project include a single private pledge of $7.5 million from Steven Tanger, granting naming rights for the facility. The center, designed as a multi-

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