Ryan, a lot of people are where you are: confused about the potential benefits and very reasonably concerned about lots of hard work without adequate returns.
I'd say the benefits are mostly intangible. Dean Voss has already stated that MCC is actually losing money on this. Our financial returns, as you calculated, are minimal as well.
The real value, at least to me, is having a partnership with the school, whereby students can work on projects at our space that they might not have otherwise been able to do. This could later extend to engineering, chemistry, biology, electronics, art and various trades such as welding.
We'd have an influx of STEAM-oriented students who all might potentially become members.
We could re-establish the maker club of MCC, or even a HSL club, and actually have a vote on their senate. I used to be the MCC student body vice president and senate chair and we regularly voted on things that were thousands of dollars. Put less delicately, they let children play with that kind of money because it was "small" to them. I also appointed independent senators who were not affiliated with any group on campus. We could "recommend" some independent senators to increase our voting power, as well as partner with affiliated clubs such as engineering, mathematics, art, and so on.
MCC does not have a maker space and I am sad for their lack of opportunity. Why should ASU get everything?
While a lot of people don't like conformity in principle, me included, partnering with an institution of higher education would lend more legitimacy to our organization. I don't think it's fair that we should have to prove our worth, but that is what it's like in the modern world. People care about that paper that says you're qualified for something. DIYers still don't have the proper respect and this might help catapult our work into the legitimate world of peer review, publication and maybe job opportunities.
We'd suddenly become eligible for lots of grants pertaining to minority groups, low-income individuals, community education and who-knows-what through the school.
MCC honors program has mandatory volunteer hours to be filled, which could be used at our space, benefitting both parties.
MCC students and instructors could teach classes, workshops and events which would bring 30% to the house every time. College students in particular, notoriously lacking money, tutor regularly and would jump at the opportunity to have a built-in clientele.
We'd have more people around who could help other people with advanced projects. It would be a union of our innovative, DIY creativity and the "normal" world's traditional learning.
MCC, being a lower-division school (freshman and sophomore), have a certain type of class that is basically upper-division, called special projects. A student basically goes out into the "world" and works on a single project for an entire semester. When I went to MCC, I synthesized L-DOPA and I had my own student lab, ample grant funding, full creative control doing my own research (not working for some professor), and any help I could imagine. It's like a mini-master's thesis and they could do it at our space. The special projects are often canceled because of a lack of venue.
I could go on and on, but everyone is right; this is a gamble and a big change. We could change our direction, decide we don't like it, and get rid of it, or it could open the door to being eligible for contests, competitions, scholarships, grants, labor, prestige, research, publication and so much more. I will be voting yes on this proposal. However, I will respect all votes and honor our community's wishes no matter which way we go tonight. See you tonight, Ryan!
Shaundra