Estimated income (Room, Labor and Equipment use) from the three new Event Spaces (Two in the MU East Wing and Plaza) reflected in FY 15 budget is approximately $110,000.  However, the full benefit from these additional sales will not be fully realized until the following fiscal year when the MU Ballroom returns to use for a full year.  The Ballroom is closed for the final stage of MU East Wing renovation from June thru August of 2014, causing a significant loss of income for three months, which impacts the MUNAVS index.