Sport Complex Feasibility and Cost Study

Visit Meridian

The buyer seeks qualified firms with knowledge of the sports industry to conduct a feasibility analysis for a Sports Complex in Meridian, MS. The study includes market analysis, site evaluation, financial forecasting, and economic impact projections. The buyer aims to determine the viability and optimal structure for the proposed complex. The project involves stakeholder engagement and comprehensive reporting on market conditions, facility requirements, and financial sustainability.

• 12/5/2024 - Proposal Due Date
• 12/10/2024 - Zoom interviews with chosen agencies
• 12/16/2024 - Agency chosen and contract negotiated
• 1/6/2025 - Work begins

• Conduct market opportunity analysis identifying competitors and industry factors
• Evaluate potential sites and existing facilities for cost savings
• Conduct stakeholder interviews to gather insights and gauge demand
• Produce 5-year cash flow forecast and 20-year financial outlook
• Project economic impact of the facility on an annual basis
• Analyze proposed funding sources and identify additional revenue streams
• Provide summary of findings addressing market, facilities, and financial outcomes
• Develop construction cost estimate and facility program
• Analyze demographic and socioeconomic factors, participation rates, and market insights
• Recommend optimal operational structure for the Sports Complex