Presented by: Proposed Sports and Event Complex in Coeur d ...
Presented by: Proposed Sports and Event Complex in Coeur d ...
Presented by: Proposed Sports and Event Complex in Coeur d ...
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Tour<strong>in</strong>g <strong>Sports</strong> <strong>Event</strong>s<br />
Indoor event facilities also often have the capability of host<strong>in</strong>g sports events such as professional<br />
wrestl<strong>in</strong>g, rodeos, monster truck shows, motocross races <strong>and</strong> other such events. While events<br />
such as wrestl<strong>in</strong>g <strong>and</strong> exhibitions are generally one-time performances, other events such as<br />
rodeos <strong>and</strong> motocross events have the potential to play several consecutive performances at each<br />
tour stop. <strong>Event</strong>s such as these often f<strong>in</strong>d success <strong>in</strong> niche markets <strong>and</strong> therefore may not have<br />
the same population or demographic requirements of event promoters for concerts <strong>and</strong> family<br />
shows. If a rodeo or motorsports event f<strong>in</strong>ds success <strong>in</strong> a market one year they are more likely<br />
to return the follow<strong>in</strong>g year <strong>and</strong> potentially <strong>in</strong>clude additional event days.<br />
As with concerts <strong>and</strong> family shows, the best opportunity for a new facility <strong>in</strong> <strong>Coeur</strong> d’Alene to<br />
attract these types of events is likely <strong>by</strong> provid<strong>in</strong>g a more <strong>in</strong>timate, lower cost alternative to<br />
Spokane Arena, particularly for events that are not likely to approach capacity <strong>in</strong> Spokane.<br />
Flexible seat<strong>in</strong>g configurations will also be important, as many of these events, particularly<br />
motorsports <strong>and</strong> rodeos, require relatively large floor areas. If the facility is designed <strong>in</strong> such a<br />
way that rows of seat<strong>in</strong>g located closest to the event floor can be removed or retracted while still<br />
offer<strong>in</strong>g at least 4,000 to 5,000 seats, the facility may have opportunities to attract various<br />
tour<strong>in</strong>g sports events. The follow<strong>in</strong>g table summarizes the estimated event <strong>and</strong> attendance levels<br />
for these events at a new event facility <strong>in</strong> <strong>Coeur</strong> d’Alene.<br />
Other Sport<strong>in</strong>g <strong>Event</strong>s<br />
Estimated <strong>Event</strong>s <strong>and</strong> Attendance - Tour<strong>in</strong>g <strong>Sports</strong> <strong>Event</strong>s<br />
<strong>Event</strong> Days Average Total Attendance<br />
Base High Attendance Base High<br />
6 - 8 3,500 21,000 - 28,000<br />
Based on conversations with project representatives, the analysis of <strong>Coeur</strong> d’Alene’s local<br />
market characteristics, the type/size of facility envisioned <strong>and</strong> our past <strong>in</strong>dustry experience, a<br />
new event facility <strong>in</strong> <strong>Coeur</strong> d’Alene is not envisioned to house a full-time m<strong>in</strong>or league or<br />
collegiate sports tenant. These types of tenants can often be significant revenue generators for<br />
arena facilities <strong>and</strong> the lack of an anchor tenant will have certa<strong>in</strong> implications on the use <strong>and</strong><br />
f<strong>in</strong>ancial operations of the proposed facility.<br />
However, a number of potential non-tenant sports events could be held at the facility, <strong>in</strong>clud<strong>in</strong>g<br />
the motorsports, rodeos <strong>and</strong> other promoted sports events discussed previously, as well as high<br />
school <strong>and</strong> collegiate events, amateur tournaments, exhibition games, postseason events <strong>and</strong><br />
various other types of sport<strong>in</strong>g events. The follow<strong>in</strong>g is a discussion of various additional sports<br />
events that could represent sources of utilization for a new event facility <strong>in</strong> <strong>Coeur</strong> d’Alene.<br />
Feasibility Analysis of a New <strong>Sports</strong> <strong>and</strong> <strong>Event</strong> <strong>Complex</strong> <strong>in</strong> <strong>Coeur</strong> d’Alene<br />
Market Dem<strong>and</strong> Analysis<br />
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