Convention, Sports & Entertainment Facilities Consulting - Overview

THE HOSPITALITY INDUSTRY'S CHALLENGE

In an increasingly competitive environment, many communities continue to seek the development of convention centers, sports facilities, and performing arts venues to stimulate their local economies and improve the quality of life of their citizens. Whether public agencies or private developers undertake these projects, careful planning is required for successful implementation.

Planning challenges include defining the appropriate market niche for the proposed facility, testing its feasibility, selecting a site, creating a physical development plan, and financing the operations and construction of the project. Communities need to understand the costs, benefits and risks of public facilities development and to communicate this understanding to elected leaders and the general public.

Who can you call to help you meet these challenges? A firm that has studied and guided convention center, sports, and entertainment facility planning throughout the world. A firm that is not only experienced, but also trusted to bring impartial advice to the table. HVS Convention, Sports & Entertainment Facilities Consulting is that firm.

THE HVS CLIENT

State and local governments, convention and visitors bureaus, economic development agencies, and private developers have all benefited from the research and advice provided by HVS. This advice may span the entire lifetime of a project, from the early planning stages through financing, development and operations. Some clients, who have little experience in the development and operation of public facilities can benefit from HVS’ knowledge of comparable projects. Other clients with existing projects benefit from the independent analysis and creative thinking of HVS consultants.

HVS brings a track record of success in helping our clients to realize the best means to implement their development goals. Many of our clients have turned to HVS repeatedly as they seek new opportunities for public facility development.

THE HVS SOLUTION

As a part of the HVS global network, the Convention, Sports & Entertainment Facilities Consulting division brings more consulting resources to a project than any of our competitors. Having already worked in thousands of cities, towns and villages worldwide, HVS usually offers experience in the local market. Over this broad network of consultants, the staff of HVS Convention, Sports & Entertainment brings the highly specialized expertise necessary to analyze and implement public facilities projects. Each of the principals at HVS CSE has experience in state and local government, knowledge of public financing strategies, and masters degrees in public policy.

THE HVS TOOLS

Our services include:

• Market analysis
• Attendance projections
• Feasibility testing
• Financial analysis
• Development assistance
• RFQ/RFP management
• Economic and fiscal impact studies
• Demand projections
• Financing strategies
• Tax revenue projections

We work on many types of facilities/developments: convention centers, headquarters hotels, civic centers, stadiums, arenas, motor sports facilities, recreational facilities, tourism attractions, fairgrounds, water parks, theme parks, entertainment/urban development districts, and museums.

HVS staff has performed more than 150 assignments to analyze the feasibility of public involvement in these venues. HVS Convention, Sports & Entertainment Facilities Consulting has service delivery methods that set industry standards and our techniques are based on sound economics and rigorous analytical methods.