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Agenda - 6-16-14 Budget Work Session
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Agenda - 6-16-14 Budget Work Session
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6/11/2014 1:03:33 PM
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P. A I <br />C0NSULTIN6 <br />■ Analyze tournament potential and the local capacity to sponsor tournaments, or be a `landlord <br />operation" <br />■ Pros and cons of various ownership models model through a SNXIOT analysis. Alternative ownership <br />structures, including but not limited to, Private Ownership, Public Private Partnerships, Public <br />Concession and Joint Venture <br />• Alternative board structures, board appointments, and governance strategies <br />• Considerations and typical business terms of management and service contracts <br />FUNDING MODEL <br />Johnson Consulting and DPFG will outline potential funding options that could be considered for the <br />conference centers and recreational facilities that will consist of a detailed SWOT analysis for each option. <br />Based on our experience in numerous other cities throughout the U.S. Johnson Consulting will outline <br />finance strategies that have been used to develop public assembly and sports facilities in other destinations <br />and prepare a discussion of their application in Lee County. We will also identify to what degree businesses, <br />industries, and other potential partners are benefiting from the project to gauge if public- private partnership <br />funding categories are clearly indicated or other incentives or partners may exist In a number of destinations, <br />ne%v tax categories, such as meals taxes and auto rental taxes were considered or enacted and national or state <br />grants were achieved based on our analyses. <br />These approaches may include private investments, incentives, sales, meals and room taxes, Tax Increment <br />Finance Districts, revenue bonds, empowerment /enterprise zones, tax - exempt bonds, and taxable bond <br />revenue streams, among other tools. <br />TASK 10-- ECONOMIC AND FISCAL IMPACT ANALYSIS <br />DPFG has vast experience in projecting economic and fiscal impacts for events and activities held at various <br />types of facilities and locations. These analyses arc used for determining spending and employment generated <br />by those events and activities. <br />Visitor Spending Summary — Applying the spending data established in the preceding analyses (and from <br />third -party sources, as necessary), we will develop a spending model for events and activities at the complex <br />and its surrounding areas. Our model will include variables gathered from preceding analyses. Financial <br />variables will be adjusted for the local market cost levels. <br />Based on the above information, the Consulting Team will develop an economic impact summary that will <br />include: <br />6 East Monroe Street I Fifth Floor I Chicago, Illinois 60603 I Phone: 312.447.2010 I Fax 312.444.1125 <br />wvw�.chiC.com I clohnsonAchic.com <br />
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