Just incase you're tired of the carpet getting just a little moisture in there and causing a mildew smell, the compartment is finished JUST LIKE the cooler with gelcoat. At least it is in my 2000 Cobra. I pulled the carpet up and used a little goof off and bam, nothing but a gel compartment which will wipe clean and dry in minutes as opposed to hours.
Just thought I'd pass this on as it has been a big issue with me.
I'm also going to sand my front center storage smooth and paint with bilgekote as I want the carpet out of there as well.