10-16-2018 Item No. 14 Peforming Arts Center Marke and Operations Feasibility Study - Presentationcc 10/16/18, #14
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Study Will Analyze
• Economic Viability
• Performing Arts Center Trends
• Performance of Existing PAC' s
• Comparable and Competitive Facilities
• Optimal Size and Seating for Venue
• Feasibility of the Site and Location
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Study Will Analyze
• Potential Joint Use or Tenant Opportunities
• Market Demand Projections
• Financial Projections and Venue Use Fees
• Expected annual operating costs
• Cost Estimates for Completion of Tenant
Improvements
Post Request For Proposal
Choose and Contract w / Consultant January 2018
Prepare Feasibil ity Study February-June 2019
June 2019
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Recommended Action
1 J Amend operating budget to appropriate
$200,000 from the General Fund to
complete feasibility study.
2) Authorize staff to hire consultant in
amount up to $200,000 for study.
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