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

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Five Flags Center Located in downtown Dubuque, the Five Flags Center consists of newly renovated Five Flags Theater (711 seats), Five Flags Arena, Basement Bijou and other meeting space. The facility’s “ballroom” is configured at the east end of the arena floor with a moveable wall for added flexibility. When opened and the ice sheet is removed, floor space totals 25,000 SF. While hosting various minor league hockey teams over the years, the Arena is presently home to the Dubuque Thunderbirds of the Central States Hockey League (junior hockey). The recent completion of the Grand River Center (offering 86,000 SF of convention space) has moderated recent convention, conference and tradeshow usage of Five Flags. However, the facility typically hosts nearly 300 local and non-local events each year. Feasibility Analysis of a New Sports and Event Complex in Coeur d’Alene Comparable Facilities Analysis Page 31 Five Flags Center City, State: Dubuque, IA City Population: 57,200 25-mi Pop. 149,800 50-mi Pop. 345,900 Year Opened: 1979 Ownership: City of Dubuque Management: SMG Tenants: CSHL Arena: Seating Capacity: 3,260 (sports) 5,200 (concerts) Floor SF: 25,000 Convention Space: Exhibition SF: 0 Ballroom SF: 5,500 Meeting SF: 5,300 Sellable SF: 10,800 Events: Tenant 32 Non-Tenant: 268 Total: 300 Total Attendance: NA
La Crosse Center Located in downtown La Crosse, Wisconsin, the La Crosse Center is nestled along the Mississippi River. The Center opened in 1980, under the ownership and operation of the City of La Crosse. In the spring of 2000, the Center underwent a major $14 million renovation that resulted in nearly twice as much event space. In addition to the 4,880-fixed seat arena, the Center incorporates nearly 60,000 square feet of sellable event space, including 50,200 square feet of exhibit space, 6,700 square feet of ballroom space and 2,700 square feet of meeting space. The La Crosse Center has had a number of minor league sports tenants since its opening, including the Bobcats of the Continental Basketball League and the River Rats of the Indoor Football League. At present, the Center does not currently host a major sports tenant. In an average year, the La Crosse Center hosts approximately 20 state/ regional conventions/conferences, 20 public/consumer shows, 12 concerts, 7 family shows and a large number of small meetings Feasibility Analysis of a New Sports and Event Complex in Coeur d’Alene Comparable Facilities Analysis Page 32 La Crosse Center City, State: La Crosse, WI City Population: 50,500 25-mi Pop. 174,300 50-mi Pop. 363,800 Year Opened: 1980/2000 Ownership: City of La Crosse Management: City of La Crosse Tenants: None Arena: Seating Capacity: 4,880 (sports) 8,000 (concerts) Floor SF: 21,000 Convention Space: Exhibition SF: 50,200 Ballroom SF: 6,700 Meeting SF: 2,700 Sellable SF: 59,600 Events: Tenant 0 Non-Tenant: 330 Total: 330 Total Attendance: NA
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 and 34: Spokane Convention Center The Spoka
Page 35 and 36: III. Comparable Facilities Analysis
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: Cabarrus Arena & Event Center Locat
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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