Stakeholder Meeting - Wake County, North Carolina Review... · 2019. 3. 12. · WakeMed...

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

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