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Who Conducted the Study?

•   Conventions, Sports and Leisure International
    • Headquartered in Minneapolis
    • Specializes in providing consulting services to the
      convention, sport, civic, entertainment and visitor
      industries
    • Has completed more than 500 market, financial and
      economic impact studies




                                      Vote Yes! For the Civic Center on Nov. 6
A Look Back Helps Us Move Forward

•   1987 Original Master Plan Developed
    •   1992   Master   Plan   Update
    •   1997   Master   Plan   Update
    •   2001   Master   Plan   Update
    •   2003   Master   Plan   Update
    •   2005   Master   Plan   Update
•   2007 New Master Plan Developed
    •   2008   Feasibility Study Developed
    •   2009   Master Plan Update
    •   2012   Master Plan Update
    •   2012   Feasibility Study Update


                                             Vote Yes! For the Civic Center on Nov. 6
A Look Back Helps Us Move Forward

•   2008 CSL feasibility study included:
    • Telephone interviews with 72 state and regional event
      planners
    • Representation of 100+ individual rotating conventions,
      conferences, tradeshows, meetings and other events
    • Concluded that measurable market demand existed for
      an expanded and improved Civic Center




                                      Vote Yes! For the Civic Center on Nov. 6
2012 Feasibility Update Process

•   Analysis included a review of:
    • Recent year performance
    • Local visitor industry infrastructure changes
    • Industry trends
•   Current study included a new set of telephone
    interviews with event planners to:
    • Assess relevant changes since the previous study to their
      event(s)
    • Gauge their group’s interest in an expanded Civic Center



                                        Vote Yes! For the Civic Center on Nov. 6
2012 Feasibility Update Results

•   Overall, the telephone interviews   confirmed
    the market demand findings outlined in
    the 2008 study, with minor variations noted since
    the original study in terms of event duration,
    square footage required and attendance
    expectations.




                                 Vote Yes! For the Civic Center on Nov. 6
%
4r8wth       %
         8r0wth
G o      G o




   %
130wth      %
         182wth
G ro     Gro
Return on Investment
 $10.00



          $26.20
          $16.10

           Vote Yes! For the Civic Center on Nov. 6
The Impact is Real
•       Economic Benefits
    •     $26.1 to $31.6 million in annual economic output within
          the Bismarck area.
    •     440 to 533 jobs throughout the local economy
    •     $599,000 to $736,000 in City sales, hotel, liquor,
          restaurant and car rental tax revenue
•       Intangible Benefits
    •     Quality of life
    •     Ancillary economic development facilitation
    •     Employment opportunities
    •     Community pride

                                          Vote Yes! For the Civic Center on Nov. 6
Questions?
Civic Center Economic Impact Results

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Civic Center Economic Impact Results

  • 1.
  • 2. Who Conducted the Study? • Conventions, Sports and Leisure International • Headquartered in Minneapolis • Specializes in providing consulting services to the convention, sport, civic, entertainment and visitor industries • Has completed more than 500 market, financial and economic impact studies Vote Yes! For the Civic Center on Nov. 6
  • 3. A Look Back Helps Us Move Forward • 1987 Original Master Plan Developed • 1992 Master Plan Update • 1997 Master Plan Update • 2001 Master Plan Update • 2003 Master Plan Update • 2005 Master Plan Update • 2007 New Master Plan Developed • 2008 Feasibility Study Developed • 2009 Master Plan Update • 2012 Master Plan Update • 2012 Feasibility Study Update Vote Yes! For the Civic Center on Nov. 6
  • 4. A Look Back Helps Us Move Forward • 2008 CSL feasibility study included: • Telephone interviews with 72 state and regional event planners • Representation of 100+ individual rotating conventions, conferences, tradeshows, meetings and other events • Concluded that measurable market demand existed for an expanded and improved Civic Center Vote Yes! For the Civic Center on Nov. 6
  • 5. 2012 Feasibility Update Process • Analysis included a review of: • Recent year performance • Local visitor industry infrastructure changes • Industry trends • Current study included a new set of telephone interviews with event planners to: • Assess relevant changes since the previous study to their event(s) • Gauge their group’s interest in an expanded Civic Center Vote Yes! For the Civic Center on Nov. 6
  • 6. 2012 Feasibility Update Results • Overall, the telephone interviews confirmed the market demand findings outlined in the 2008 study, with minor variations noted since the original study in terms of event duration, square footage required and attendance expectations. Vote Yes! For the Civic Center on Nov. 6
  • 7. % 4r8wth % 8r0wth G o G o % 130wth % 182wth G ro Gro
  • 8.
  • 9. Return on Investment $10.00 $26.20 $16.10 Vote Yes! For the Civic Center on Nov. 6
  • 10. The Impact is Real • Economic Benefits • $26.1 to $31.6 million in annual economic output within the Bismarck area. • 440 to 533 jobs throughout the local economy • $599,000 to $736,000 in City sales, hotel, liquor, restaurant and car rental tax revenue • Intangible Benefits • Quality of life • Ancillary economic development facilitation • Employment opportunities • Community pride Vote Yes! For the Civic Center on Nov. 6