stakeholder meeting - wake county, north carolina review... · 2019. 3. 12. · wakemed...
TRANSCRIPT
Town of CarySports Venues:COMPETITVEENHANCEMENTPROJECTS
Stakeholder MeetingFebruary 28, 2019
Venue Capital Needs
Ancillary programming (locker rooms, practice areas, a weight or training room, restrooms, etc.)
Meeting space/flexible classroom space
Spectator amenities (e.g., activities between games or matches, waiting areas with Wi-Fi, gathering spaces, etc.)
Ample storage space
Space for tournament management
USA BASEBALL NATIONAL TRAINING COMPLEX
1. Performance Training Facility
2. USA Baseball Offices
3. Video Board
4. Locker Rooms & Multipurpose Center
5. Scout Tower
6. Shade Structures
7. Batting CagesCompetitiveEnhancement Projects
12
3
4
56
7
USA Baseball Offices
Inside Training Facility
USAB Office Building/ Training Facility
USAB Office Building Entrance
Main Entrances
Existing Retail
New Training Facility
Coleman Field
USA BaseballCorporate Office
Existing Parking
Main Entrance
New Town Restrooms
New TownOffices
Performance Training Facility
Performance Training Facility
MULTI-PURPOSE ROOM
Team Locker Rooms
SCOUT TOWER
• Concessions• Restrooms• Storage• Scorekeeping• Video Streaming
SHADE COVERS & VIDEO BOARD
USABaseball National Training ComplexCapital Enhancement PlanYears 1 – 5 Years 6 – 10 Years 11 – 20 TOTAL
A&I $ 94,500 $ 9,597,798 $ 9,692,298Turf & Irrigation $ 738,728 $ 738,728Major SystemsStructure $ 1,466,005 $ 1,466,005Technology $ 12,600 $ 1,108,092 $1,831,159 $ 2,951,851RoofTOTALAvg Per Year
$107,100 $ 12,910,623 $1,831,159 $ 14,848,882$ 742,444
Capital Enhancement ProjectsWAKEMED SOCCER PARK
LIGHTING UPGRADES & STADIUM WIFI
ARTIFICIAL TURF FIELDS
• $10M
• Completing current project and looking to future turf fields
REDESIGN SAHLEN’S STADIUMMAIN ENTRANCE GATE
• Improve Security• Expand Concourse• Provide Overlook• Expand Concessions• Renovate Retail• Improve Ticket office
PRESS BOX FOR KOKA BOOTH STADIUM
VIDEO RIBBON BOARD
WakeMed Soccer ParkCapital Enhancement PlanYears 1 – 5 Years 6 – 10 Years 11 – 20 TOTAL
A&I $492,188 $2,224,660 $ 2,244,660Turf & Irrigation $5,864,021 $ 38,483 $ 6,394,691
Major SystemsStructureTechnology $ 25,000 $ 702,550 $ 1,171,009 $ 1,899,559RoofTOTALAvg Per Year
$517,188 $8,812,231 $ 1,209,492 $10,538,910$ 526,945
CapitalEnhancement Projects
CARY TENNIS PARK
Clubhouse ExpansionTournament CourtImprovements
Championship Court Improvements
Championship Court
Improvements
Championship Court
Improvements
Championship Court Improvements
Clubhouse Expansion
Tournament Court Improvements
Tournament Court Improvements
Cary Tennis ParkCapital Enhancement Plan
Years 1 – 5 Years 6 – 10 Years 11 – 20 TOTAL
A&I $ 262,500 $1,628,895 $11,972,376 $13,863,771
Major Systems
Structure $ 945,000 $ 945,000
Technology
Vertical Transp
Roof
TOTAL
Avg Per Year$1,207,500 $1,628,895 $11,972,376 $ 14,808,771
$ 740,438
$4.2M Average Annual Capital Maintenance Costs
$2.0M Average Annual Capital Enhancement Costs
$6.2M Average Overall Annual Capital Costs
LOOKING FORWARD…
INDOOR MULTI-USE SPORTS FACILITY
PROJECT LOCATION
MARKET DEMAND STUDY
“Our teams love Wake County. We would book there more often if there was a facility that could accommodate all of our court needs under one roof.”—National Basketball Tournament Organizer
PROPOSED PROGRAM & FACILITIES
• Hockey
REGIONAL & NATIONAL BENEFIT
Estimated attendance: 140,000 – 213,000 Direct Spending: $9.6M – $14.4M 35,000 – 50,000 Room Nights
Construction: $130 - $200? MILLION
Operating: Expenses - $750 – 850,000? annually Revenue - $750 – $1.1 million?
annually
COST
Why locate the facility in Cary? Cary’s track record Location Excels in hosting sports tourism Strong relationship with GRSA
Interlocal Presentation
forThe Business Development Fund
andThe Signature Event Fund
History of the BDF
• Launched in FY ‘08 with the 13 Amendment to the Interlocal Agreement.
• Initially funded at $350,000 per Fiscal Year until FY 2015. Four other amendments (17th,18th, 19th and 20th) extend to FY 2028 at $600,000 per Fiscal Year.
• Hospitality Committee developed Guiding Principles and Qualifiers.
• GRCVB acts as Fund Administrator. City and County have final sign-off.
• Fund is an industry leader is transparency and returning ROI to City and County.
Current Situation
Since the inception of the Business Development Fund from FY 2009-2018, with the BDF investment of $4,889,322 million, we were able to actualize the following:• Book 166 events at the Raleigh Convention Center.• Generate 478,791 new hotel room nights for Wake County
Hotels.• Generate $270,536,367 million in direct economic impact• Generate $10,379,169 million in projected lodging, food &
beverage and sales tax receipts.• Averages 2-to-1 BDF Investment to Tax Generation Ratio
The Ask
• Extend the BDF from FY 2028, another 5 years to FY 2033.
• Keep the BDF at the current funding level of $600,000 per Fiscal Year.
• Allows the joint sales teams of the GRCVB and RCC to pursue multi-year agreements with long time, loyal event customers.
• Events continue to grow, increase their space usage, transportation needs for overflow hotel rooms not currently within walking distance.
• More development of full-service downtown hotels will lead to larger RCC groups who may need less BDF $$$.
Signature Event Fund
• Outlined in the Wake County Destination Strategic Plan - 2028. • Countywide program to provide development funds for
qualifying events and blockbuster exhibitions based on overnight rooms usage, direct economic impact and attendee satisfaction.
• Funding source would be a new column within the interlocal model from “uncommitted funds” due to retiring debt service.
• Framework for Special Event Fund would be patterned after the Business Development Fund used for Meetings & Conventions.
• Evaluation Matrix and Minimum Qualifications include (14) Areas of Review and Measurement.
Signature Event Fund cont.
• Proposed Qualifying Criteria = 1-Year Event, $5M Direct Economic Impact and 10,000 Total Room Nights or Multi-Year Event, $2.5M Direct Economic Impact and 5,000 Total Room Nights Rooms.
• Hospitality and Municipal Committee to further develop Guiding Principles and Qualifiers prior to final submission to Wake Co.
• Contributions to start in FY 2020 and run 10-years to FY 2029.
• Ask would be for $250,000 per Fiscal Year.
Interlocal Presentation
GREATER RALEIGH CONVENTION AND VISITORS BUREAU@visitRaleigh :: #visitRaleigh
{ March 28, 2019 Stakeholders Meeting
Small Capital Projects Funding
• Began providing $2M per year in FY2017 to support “Small Capital Projects” consistent with 20th Amendment
• Funding decisions made by Wake County Board of Commissioners through competitive process
• Criteria include:• Project minimum cost $100,000• Maximum contribution $1,500,000• Maximum percent of total project 35%
Funding History
• Enhance quality of life and economic development for visitors, newcomers and long-time residents
• Leverage partnerships • Support long-term vision • Consider emerging experiences
and unmet needs
Operating Principles Related to Small Project Process
• Consistent with enabling legislation
• Drive measurable visitation and positive return on investment
• Support existing facilities• Long-term operating viability• Project mix that considers
location and type of use
• Project purpose - unmet need; partnerships; funding need
• Funding - availability (commitment for at least 50%); maintenance plan
• Timeline -12 months to building permit; 36 months to completion
• Operations – 10-year plan; marketing; financial stability• Performance Targets – visitor estimates; ROI,
performance measures• Organization – structure; experience; similar projects
Scoring Criteria
• $3.6M available for award• Request for Proposals (RFP)
resulted in 9 submittals • ~$78M total project costs• ~$10M in funding requests
2017/2018 process
Paleontology Lab – NC Museum of Natural Science$500,000
Pleasant Park – Town of Apex$500,000
Soccer Park LED Lights – Town of Cary$400,000
Forestville Rd Athletic Complex – Town of Knightdale$1,000,000
Triangle Aquatic Center$1,250,000
Funding Recipients
Historical Funding(From 2003 through 2016 from 2 for 1 funds and other Section 3 commitments)
Jurisdiction ProjectApex Apex Performing Arts CenterCary Sports Facilities 20 Year Comp PlanFuquay Varina Fuquay Varina Honeycutt Road Park
Fuquay Varina Fleming Loop Recreational Park
Garner Garner Centennial Park
Holly Springs North Main Athletic Complex
Morrisville Wake Competition Center
Morrisville Church Street Park Cricket Fields Lights
Raleigh WRAL Soccer Center
Raleigh Carolina Ballet
Jurisdiction Project
Raleigh NC Museum of Natural Sciences
Raleigh NC Museum of Art
Raleigh St. Augustine's Track
Raleigh NCSU Gregg Museum
Raleigh The CAP (Capital Athletic Pavilion)
Raleigh Museum Park Expansion Project
Wake County Yates Mill Pond
Wake Forest Factory Kids Foundation
Wake Forest Renaissance Centre for the Arts
• Thursday, March 14, 2019 - 8:30 am (2 hours)NC Museum of Art
• Thursday, March 28, 2019 - 8:30 am Raleigh Convention Center – Room 304
Future Meeting Dates
52