The project will have two
subsequent phases costing about $ 1.2 million, including the building of a 100 - foot pier, beach, amphitheater for public concerts, and other amenities.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its
cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and
cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the
phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any
subsequent quarterly reports on Form 10 - Q (the «Reports»).
Missions to develop these themes are budgeted with a total
cost that includes construction, mission operations, and data analysis as one package in the mission's prime
phase; the funding level for operations and data analysis during the mission's
subsequent extended
phase is determined by competitive review among all operating missions (NASA's Senior Review process).
However, the more sophisticated securities listed in the final IRS regulations on
cost basis for debt instruments and option reporting are
phased - in during the
subsequent one to two years.