Presented by: Proposed Sports and Event Complex in Coeur d ...

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Northern Quest Casino Owned and operated by the Kalispel Tribe, the Northern Quest Casino currently offers approximately 1,400 machines on its gaming floor and can accommodate 1,240 people within its entertainment venues. A major expansion is being considered to add a 350-room hotel, a 1,500-stall parking garage and a theater with as many as 3,000 seats. Summary This section has provided an overview of the demographic composition and public assembly facilities within the Coeur d’Alene and Spokane markets. The market’s population, age and income parameters are generally within the requirements needed to support an event facility. Many sports tournaments and other events that could be held at the proposed facility draw participants and attendees from outside of the local market. The diversity of hotel properties in the Coeur d’Alene market provides the capability to accommodate these non-local visitors. The market is home to several event facilities, each of which largely serves its own distinct market niche. Coeur d’Alene’s primary event venues are the Coeur d’Alene Resort and Conference Center and the Kootenai County Fairgrounds. The Resort offers upscale meeting, banquet and conference space, while the Fairgrounds offers flat floor exhibition space with a relatively low level of amenities. Neither facility is capable of hosting significant sports and spectator entertainment events. Spokane Arena represents the region’s primary indoor sports and entertainment event facility. The proposed Coeur d’Alene facility may have an opportunity to attract concerts and other touring events by providing a more intimate, lower cost alternative to Spokane Arena. Feasibility Analysis of a New Sports and Event Complex in Coeur d’Alene Local Market Conditions Analysis Page 17
III. Comparable Facilities Analysis This chapter provides a review of the various physical characteristics and resources of existing spectator and/or convention venues that can be considered comparable to a potential new facility in Coeur d’Alene. The facilities reviewed were selected based on their facility characteristics and the size and location of the markets in which they are located. The following table presents a list of the selected comparable facilities and markets evaluated as a part of this analysis. Comparable Facilities Comparable Arenas Budweiser Event Center Loveland, CO Dodge Arena Hildalgo, TX Qwest Arena Boise, ID Tim's Toyota Center Prescott Valley, AZ Toyota Center Kennewick, WA Tsongas Arena Lowell, MA Tyson Events Center Sioux City, IA Yakima Valley SunDome Yakima, WA Comparable Arena/Convention Centers Alltel Center Mankato, MN Cabarrus Arena & Events Center Concord, NC Five Flags Center Dubuque, IA La Crosse Center La Crosse, MN Mayo Civic Center Rochester, MN Mid-America Center Council Bluffs, IA Sioux Falls Conv. Center & Arena Sioux Falls, SD Swiftel Center Brookings, SD Through research of existing facility databases, information received from various publications and discussions with facility management, information was gathered on these comparable facilities, including physical characteristics, event levels, rental rates and other developmental and operational issues. Based on this research, we have developed case studies with regard to each of the identified venues, as presented on the following pages. The following exhibit outlines the basic physical components of the identified comparable facilities. Feasibility Analysis of a New Sports and Event Complex in Coeur d’Alene Comparable Facilities Analysis Page 18
Page 1 and 2: Feasibility Study: Proposed Sports
Page 3 and 4: Mr. David Tomson February 6, 2008 P
Page 5 and 6: - Executive Summary - Conventions,
Page 7 and 8: • These types of arenas can offer
Page 9 and 10: part of the Visitor and Convention
Page 11 and 12: • Because the proposed Coeur d’
Page 13 and 14: • As shown, the estimated operati
Page 15 and 16: • The following table illustrates
Page 17 and 18: • Based on conversations with pro
Page 19 and 20: Organizations and Stakeholders Cont
Page 21 and 22: II. Local Market Conditions Analysi
Page 23 and 24: The following exhibit illustrates t
Page 25 and 26: Income Another socioeconomic variab
Page 27 and 28: The Kootenai Medical Center is the
Page 29 and 30: Summary of Event Space at Couer d'A
Page 31 and 32: As shown, six indoor venues are off
Page 33: Spokane Convention Center The Spoka
Page 37 and 38: Budweiser Events Center Located in
Page 39 and 40: Qwest Arena The 5,190-seat Qwest Ar
Page 41 and 42: Toyota Center Originally known as t
Page 43 and 44: Tyson Events Center Located in Siou
Page 45 and 46: Comparable Arena/Convention Facilit
Page 47 and 48: Cabarrus Arena & Event Center Locat
Page 49 and 50: La Crosse Center Located in downtow
Page 51 and 52: Mid-America Center The Mid-America
Page 53 and 54: Swiftel Center The Swiftel Center i
Page 55 and 56: While the multi-purpose nature of t
Page 57 and 58: • Meetings/Banquets - Events incl
Page 59 and 60: Arena Football Arena football has g
Page 61 and 62: 12,000 10,000 8,000 6,000 4,000 2,0
Page 63 and 64: Touring Sports Events Indoor event
Page 65 and 66: also serve as a valuable recruiting
Page 67 and 68: o Presence of a minimum of 150 comm
Page 69 and 70: Amateur Sports Another potential us
Page 71 and 72: USA Judo • Potential exists for a
Page 73 and 74: • The event attracts over 100 tea
Page 75 and 76: Conventions, Conferences, Exhibitio
Page 77 and 78: A facility offering a clear span co
Page 79 and 80: While a sports tenant could add app
Page 81 and 82: West Coast League Attendance Sorted
Page 83 and 84: The development of two fields is li
Page 85 and 86:
Seating Capacities of Regional Faci
Page 87 and 88:
Premium Seating Many modern sports
Page 89 and 90:
One option would be for the Fairgro
Page 91 and 92:
Gate Receipts/Rental Revenue Summar
Page 93 and 94:
concession profits allocated to fac
Page 95 and 96:
Parking Based on conversations with
Page 97 and 98:
Naming Rights Agreements at Selecte
Page 99 and 100:
As shown, based on an estimated 10
Page 101 and 102:
Estimated Financial Results The tot
Page 103 and 104:
Tenant Sports Impact In order to es
Page 105 and 106:
VI. Economic and Fiscal Impact Anal
Page 107 and 108:
In order to estimate the incrementa
Page 109 and 110:
The appropriate multipliers to be u
Page 111 and 112:
Based on this direct spending estim
Page 113 and 114:
Based on the in-facility spending e
Page 115 and 116:
As detailed in the previous table,
Page 117 and 118:
VII. Funding Analysis The purpose o
Page 119 and 120:
The P&R District could generate the
Page 121 and 122:
Once the referendum has passed, the
Page 123 and 124:
Year Public Contribution Facility L
Page 125 and 126:
Laredo Entertainment Center The Lar
Page 127 and 128:
Sovereign Center The 9,000-seat Sov
Page 129 and 130:
The City’s lease payments are der
Page 131 and 132:
In addition to the bonds, a $25.0 m
Page 133 and 134:
TIF The proposed event facility sit
Page 135 and 136:
Hotel/Motel Tax As discussed previo
Page 137 and 138:
Facility Fee A potential means of r
Page 139:
Summary The intent of this section
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