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HomeMy WebLinkAbout2008_11_18 CC PKTCity Council Packet November 18, 2008 1 Brookings City Council Tuesday, November 18, 2008 City Hall Council Chambers 311 Third Avenue 5:00 p.m. ~~ Work Session 6:00 p.m. ~~ Council Meeting Mission Statement The City of Brookings is committed to providing a high quality of life for its citizens and fostering a diverse economic base through innovative thinking, strategic planning, and proactive, fiscally responsible municipal management. 5:00 P.M. WORK SESSION ** Work sessions are open to the public. During the work session the city staff would brief the council on items for that particular meeting, introduce future topics, and provide a time for Council members to introduce topics. 1. Consultant report on Swiftel Center feasibility validation study. 2. Update on City Council’s 2008 Strategic Goals. 3. 6:00 p.m. Meeting Review. 4. Council Invites & Obligations 5. City Council member introduction of topics for future discussion. * *Any Council member may request discussion of any issue at a future meeting only. Items can not be added for action at this meeting. A motion and second is required starting the issue, requested outcome, and time. A majority vote is required. 6:00 P.M. REGULAR MEETING 1. Call to order. 2. Pledge of Allegiance. 3. City Clerk records council attendance. 4. Action to approve the following Consent Agenda Items * A. Action to approve the agenda. B. Action on Resolution No. 94-08, for 2009 Medical Insurance Contribution Rates. C. Action on Resolution No. 95-08, for 2009 Dental Insurance Contribution Rates. D. Action on Resolution No. 104-08, for 2009 Vision Insurance Contribution Rates. E. Action on Resolution No. 96-08, authorizing the City Manager to sign a Liquor Operating Agreement renewal for Pheasant Restaurant & Lounge. F. Action on Resolution No. 97-08, awarding bids for City of Brookings Custodial Services. G. Action on Resolution No. 98-08, awarding bids for a front end loader for the landfill. H. Action to approve a contract for the Library Coffee Shop. I. Action on Resolution No. 99-08, authorizing the City Manager to sign a Liquor Operating Agreement renewal for Applebee’s Neighborhood Grill & Bar. J. Action on Resolution No. 100-08, establishing effective date of new fee schedules for the City of Brookings. K. Action on Resolution No. 105-08, Authorizing Uncollectible Accounts to be removed from Liquor Records. City Council Packet November 18, 2008 2 L. Action to appoint Kim Wells to the Committee for People who have Disabilities. Action: Motion to approve, request public comment, roll call * Matters appearing on the Consent Agenda are expected to be non-controversial and will be acted upon by the Council at one time, without discussion, unless a member of the Council or City Manager requests an opportunity to address any given item. Items removed from the Consent Agenda will be discussed at the beginning of the formal items. Approval by the Council of the Consent Agenda items means that the recommendation of the City Manager is approved along with the terms and conditions described in the agenda supporting documentation. Presentations/Reports/Special Requests: 5. Open Forum. 6. SDSU Report. Ordinances – 1st Readings **: ** No vote is taken on the first reading of ordinances. The title of the ordinance is read and the date for the public hearing is announced. Second Readings & Public Hearings: 7. Ordinance No. 41-08: An Ordinance Entitled “An Ordinance Authorizing A Supplemental Appropriation To The 2008 Budget For The Purpose Of Providing For Additional Funds For The Operation Of The City. Action: Motion to approve, request public comment, Roll Call 8. Ordinance No. 42-08: An ordinance amending the zoning ordinance of the City of Brookings and pertaining to Extended Stay Hotels for the purposes of administration of the zoning ordinance. Action: Open & Close Public Hearing, Motion to approve, Roll Call 9. Public hearing and action on Resolution No. 101-08, SRF loan application for Innovation Campus infrastructure. Action: Open & Close Public Hearing, Motion to approve, Roll Call Other Business: 10. Action on Resolution No. 102-08, a resolution authorizing Change Order (CCO#7) for 2008-03STI Downtown Streetscape Project. Action: Motion to approve, request public comment, Roll Call 11. Action on Resolution No. 103-08, setting the fee for (Ordinance No. 30-08) on-sale licenses for full-service restaurants. Action: Motion to approve, request public comment, Roll Call 12. Update on Railroad Safety Projects (crossing arms/whistle free zones). Action: Informational City Council Packet November 18, 2008 3 13. Action on Resolution No. 106-08, A Resolution Providing For The Development And Transfer Of Lot 3, Nelson Eighth Addition For Purposes Of Constructing Homes To Eligible Clients Of The Inter-Lakes Community Action Partnership. Action: Motion to approve, request public comment, Roll Call 14. Executive Session for purposes of discussing marketing or pricing strategies. Action: Motion to enter session – voice vote Motion to leave executive session – voice vote 15. Adjourn. Brookings City Council Scott Munsterman, Mayor Tim Reed, Deputy Mayor Mike Bartley, Council Member Tom Bezdichek, Council Member Ryan Brunner, Council Member Mike McClemans, Council Member Julie Whaley, Council Member Council Staff: Jeffrey W. Weldon, City Manager Steven Britzman, City Attorney Shari Thornes, City Clerk View the City Council Meeting Live on the City Government Access Channel 9. Rebroadcast Schedule: Wednesday @ 1pm, Thursday @ 7 pm, Friday @ 9 pm, and Saturday @ 1 pm. The complete City Council agenda packet is available on the city website: www.cityofbrookings.org If you require assistance, alternative formats, and/or accessible locations consistent with the Americans with Disabilities Act, please contact Shari Thornes, City ADA Coordinator, at 692-6281 at least 3 working days prior to the meeting. City Council Packet November 18, 2008 4 5:00 P.M. WORK SESSION ** Work sessions are open to the public. During the work session the city staff would brief the council on items for that particular meeting, introduce future topics, and provide a time for Council members to introduce topics. 1. Consultant report on Swiftel Center feasibility validation study. TO: Mayor and City Council Members FROM: City Manager Jeff Weldon RE: Swiftel Center feasibility validation report After reviewing the feasibility report for the possible expansion of the Swiftel Center which was conducted by VenuWorks Consulting, the City Council decided to have a validation study by having another firm analyze the market data for a second opinion. This was enumerated in Goal Number 8 of the Strategic Plan. Requests for Proposals were issued for consulting services to conduct the validation study. Three respondents were evaluated and HVS Consulting from Chicago, IL was selected. They were here a few months ago for a field visit and conducted extensive research before, during, and after their visit. Their final report is enclosed. The lead consultant for the project, Mr. Tom Hazinski, will be here to present the findings of the report and answer your questions. This report has also been presented to the Swiftel Center Advisory Board. With the results of two independent studies on issue of a possible expansion of the Swiftel Center, we will need to decide in the coming months what course of action to take, if any, on this issue. This project effectively completes Goal #8 of the Strategic Plan. Brookings Validation Study Brookings, South Dakota Prepared by: HVS Convention, Sports and Entertainment 205 West Randolph, Suite 1650 Chicago, Illinois 60606 312-587-9900 312-587-9908 FAX Submitted to: Mr. Jeff Weldon City of Brookings 311 Third Avenue Brookings, SD 57006 Phone: 605-692-6281 Email: jweldon@cityofbrookings.org Page 1 of 1 October 24, 2008 Mr. Jeff Weldon City of Brookings 311 Third Avenue Brookings, SD 57006 Phone: 605-692-6281 Email: jweldon@cityofbrookings.org Dear Mr. Weldon, HVS is pleased to submit the attached Brookings Validation Study. We hereby certify that we have no undisclosed interest in the property, and our employment and compensation are not contingent upon our findings. This study is subject to the comments made throughout this report and to all assumptions and limiting conditions set forth herein. We look forward to presenting our findings on November 18, 2008. Sincerely, Thomas Hazinski Managing Director HVS Global Hospitality Services 205 West Randolph, Suite 1650 Chicago, Illinois 60606 Phone (312) 587-9900 Fax (312) 587-9908 Email: thazinski@hvs.com www.hvs.com New York San Francisco Boulder Denver Boston Miami Dallas Chicago Washington, DC Newport, RI Atlanta Mexico City Vancouver Toronto London Madrid Athens New Delhi Singapore Hong Kong São Paulo Buenos Aires Shanghai HVS Convention, Sports & Entertainment Tables of Contents Table of Contents Section Title 1 Executive Summary 2 Facility Description 3 Market Overview and Competitive Venues 4 Comparable Venues 5 Facility Recommendations 6 Operations Analysis 7 Statement of Assumptions and Limiting Conditions 8 Certification HVS Convention, Sports, and Entertainment Executive Summary 1-1 Brookings Validation Study 1. Executive Summary The City of Brookings, South Dakota engaged HVS Convention, Sports & Entertainment Facilities Consulting (“HVS”) to review the “Public Assembly Facility Feasibility Study: Options for Expansion of the Swiftel Center” (the “VenuWorks Study”) by VenuWorks. The City of Brookings, as well as the County of Brookings, owns the Swiftel Center and contracts with VenuWorks to operate the venue. The Swiftel Center is an events center with a 5,500-seat arena, a multi-purpose banquet room, and meeting space. To review the VenuWorks Study, HVS consultants traveled to Brookings in the week of August 21, 2008 during which we performed a site inspection, reviewed plans for the proposed expansion, met with key industry participants, visited competitive venues and lodging facilities, and gathered relevant data. HVS analyzed and interpreted event planner survey data that was previous collected in the course of the VenuWorks Study. HVS also gathered and analyzed event and financial data from comparable facilities, and compared them with the Swiftel Center’s historical operations. Additionally, HVS developed an alternative facility expansion recommendation and independently forecasted event demand and financial operations with and without an expansion. Analyzing VenuWorks survey results, data from comparable facilities and historical demand of the Swiftel Center, provided HVS with a strong basis from which we could provide independent facility recommendations and demand and financial projections. As part of its study, VenuWorks conducted a survey of South Dakota convention and meeting planners. HVS analyzed sections of the survey results to determine event planner needs. Survey responses regarding exhibit, banquet and meeting space requirements, as well as demand for proximate hotels, provided HVS with insight into the needs of event planners who have previously and would potentially use the Swiftel Center. Figure 1-1 illustrates the space requirements of survey respondents. Overview Methodology Key Findings HVS Convention, Sports, and Entertainment Executive Summary 1-2 Brookings Validation Study Figure 1-1 Space Requirements 0% 5% 10% 15% 20% 25% 600-2,500 3,000- 4,000 5,000- 6,000 7,000- 10,000 15,000- 20,000 30,000+ Exhibit Space: SF 0% 10% 20% 30% 40% 50% 60% 70% 1-50 51-100 101-300 301-500 501-700 701-1000 1001- 1500 Banquet Space: Capacity 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% One Two Three Four 5-7 Meeting Space - Required Rooms 0% 5% 10% 15% 20% 25% 30% 35% 0-25 26-75 76-100 101-200 201-300 301-450 450+ Meeting Space - Capacity Source: VenuWorks Survey 2008 An overwhelming majority, almost 70 percent, of event planners recorded that they require a ballroom with capacity for between 101 and 300 persons. Only 11 of survey respondents indicated the need a ballroom large to accommodate 501 and 700 attendees and no respondents require banquet space for between 701 and 1,000. Roughly 60 percent of meeting planners require meeting space with no greater than a 200 person capacity, while almost 80 percent of respondents need only one meeting room. The VenuWorks survey also questioned event planner as to their preferences in the proximity of hotels. Figure 1-2 shows the results. HVS Convention, Sports, and Entertainment Executive Summary 1-3 Brookings Validation Study Figure 1-2 Hotel Proximity 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Attached Within 1-10 Min Within 21-30 Min Within 11-20 Min Not Applicable Potential Clients Current Clients Source: VenuWorks Survey 2008 For current users of the Swiftel Center, over 90 percent prefer attached accommodations, while sixty percent of potential Swiftel Center clients prefer an attached hotel, demonstrating the demand for an attached hotel to the Swiftel Center. VenuWorks provided HVS with historical demand for events held at the Swiftel Center from January 2001 until June 2008. HVS removed all internal events from the database and reclassified events to allow for comparison to other comparable venues. Figure 1-3 summarizes event data for 2001 through 2007. HVS Convention, Sports, and Entertainment Executive Summary 1-4 Brookings Validation Study Figure 1-3 Historical Demand 0 50 100 150 200 250 300 350 2001 2002 2003 2004 2005 2006 2007Number of EventsMeetings and Conferences Banquets Other Sports Consumer Shows, Conventions & Tradeshows Concert/Entertainment Source: Swiftel Center Between 2001 and 2007, the number of events held at the Swiftel Center grew significantly, however demand peaked in 2006 with 366 events. Much of the increase in events between 2005 and 2006 was due to the use of the facility by Daktronics for training and meetings. In 2007, the company opened a meeting room and training facility on its property and moved some seminars out of Brookings. Since 2003, the number of sports events held at the Swiftel Center remained relatively stable at 20 to 28 events; however, through the first six months of 2008, the Swiftel Center has already hosted 22 sports events. The number of banquets and concerts and entertainment events have also remained stable, proportionally to the total number of events. The number of events categorized as “other” has significantly increased from 2004 through 2007. HVS compared Swiftel Center’s 2007 event data to the 2007 historical event demand of the seven comparable facilities that HVS describes and analyzes in this report. Figure 1-4 shows the 2007 event histories of the seven facilities in comparison with the Swiftel Center. HVS Convention, Sports, and Entertainment Executive Summary 1-5 Brookings Validation Study Figure 1-4 Comparable Facilities: Total Events and Total Attendance 0 100 200 300 400 500 600 700 800 Casper Events Center Dixie Center Clay County Regional Events Center Swiftel Center St. Cloud Civic Center Alerus Center Mid-America Center Total Events Clay County Regional Events Center Swiftel Center St. Cloud Civic Center Casper Events Center Alerus Center Dixie Center Mid-America Center Total Attendance Source: Respective Facilities In 2007 the Swiftel Center hosted 284 events, the median of all comparable facilities; however total attendance of roughly 94,000, falls short of total HVS Convention, Sports, and Entertainment Executive Summary 1-6 Brookings Validation Study attendance at all comparable facilities, with the exception of the Clay County Regional Events Center. The low total attendance figure falls as a direct result of low average attendance at concerts and entertainment events and consumer show. While, the Swiftel Center hosts a comparable number of these types of events, it draws significantly lower attendance for those events than its peers, due to its location and population. While the VenuWorks study calls for the addition of a 12,000 square foot ballroom and a modification of the 11,000 square feet of meeting space at the Swiftel Center, HVS recommends an alternative approach to broadening the appeal of the Swiftel Center and attracting additional convention business to the City of Brookings. The original VenuWorks study did not discuss a hotel adjacent to the facility, but in interviews with key informants it was noted that discussions about an expansion of the Swiftel Center generally assumed the development of a hotel in addition to building a ballroom and meeting space. HVS recommends that Brookings consider the development of a hotel property immediately adjacent and physically connected to the Swiftel Center. New meeting and ballroom space could be developed as a part of the hotel development. While further hotel market research would be required to recommend a specific room count for the facility, the size of the hotel could range from 100 to 150 rooms. Industry research, analysis of comparable facilities and review of the VenuWorks survey of event planners, in addition to interviews with local industry participants, demonstrates that the success of an expanded Swiftel Center depends on the addition of new and proximate hotel rooms. Without the appropriate hotel room supply an expanded center will not be able to attract new convention events. Furthermore, most state-association events that the Swiftel Center would like to attract are meetings, which are most likely to be based in hotels rather than in a stand-alone convention center. Survey data indicates that most events considering Brookings could be accommodated with somewhat smaller amounts of meeting and ballrooms space than the amounts recommended in the VenuWorks Study. HVS also recommends that Brookings give serious consideration to making the certain improvements to the to the storage and kitchen areas of the Swiftel Center, as well as to the staff office areas, as recommended in the VenuWorks Study. Facility Recommendations HVS Convention, Sports, and Entertainment Executive Summary 1-7 Brookings Validation Study HVS projected demand and financial projections for two scenarios: if Brookings decides not to expand the Swiftel Center, and if Brookings does expand the Swiftel Center. Table 1-1 shows demand projections for both scenarios in a stabilized year. Table 1-1 Event Demand Projections in a Stabilized Year Without Expansion Expanded Property Events Assemblies 2 2 Banquets 40 75 Concerts & Entertainment 12 12 Meetings & Conferences 80 100 Consumer Shows 15 15 Conventions & Tradeshows 3 20 Sports 30 30 Other 73 73 Total 255 327 Average Attendance Assemblies 1,200 1,200 Banquets 200 200 Concerts & Entertainment 1,350 1,350 Meetings & Conferences 150 150 Consumer Shows 650 650 Conventions & Tradeshows 1,000 400 Sports 300 300 Other 250 250 Total Attendance Assemblies 2,400 2,400 Banquets 8,000 15,000 Concerts & Entertainment 16,200 16,200 Meetings & Conferences 12,000 15,000 Consumer Shows 9,750 9,750 Conventions & Tradeshows 3,000 8,000 Sports 9,000 9,000 Other 18,250 18,236 Total 78,600 93,586 Without an expansion, HVS projects the Swiftel Center will host approximately 255 events annually in a stabilized year, relatively close to the 284 events hosted in 2007. Total attendance, before the loss of SDSU’s use of the arena for athletic practices, should also remain steady at approximately 85,350 people annually. If, as is currently proposed, SDSU successfully secures Demand Projections HVS Convention, Sports, and Entertainment Executive Summary 1-8 Brookings Validation Study the funding necessary to build an indoor field house, event demand for “other” events, like athletics practice during inclement weather are expected to decrease substantially. The proposed expansion of the Swiftel Center provides an opportunity to correct some of the functional problems of the current Center in addition to potentially attracting a number of state association conferences and conventions. The community and university also have modest demand for additional banquet and meeting space. The projected events and attendance for 2013 represents stabilized demand. These projections assume a decrease in overall demand from the opening year in 2011 due to the expected reduction in use of the Swiftel Center by SDSU sports teams for practices. Convention and trade show demand is expected to stabilize in its second year and, for all other events, demand is expected to stabilize in its first year. HVS expects increased demand for banquets, meetings, and conventions and tradeshows at the Swiftel Center. While improvements to the arena configuration are planned, without a significant expansion in size, it is unlikely that additional concerts or sporting events will increase substantially. While HVS recommends the addition of an adjacent hotel with meeting room space adjacent to the Swiftel Center property, the financial projections included in this report reflect only the cost and revenues associated with the proposed expanded ballroom and meeting room space discussed in the VenuWorks feasibility study. The financial projections for both scenarios, presented below in Table 1-2, do not take into consideration the cost of building or operating a hotel nearby. Financial Projections HVS Convention, Sports, and Entertainment Executive Summary 1-9 Brookings Validation Study Table 1-2 Financial Projections in a Stabilized Year Without Expansion Expanded Property $ % of Total $ % of Total OPERATING REVENUE Advertising & Sponsorships $136,000 9.3% $136,000 6.7% Box Office 6,000 0.4% 6,000 0.3% Event Services (Gross) 302,000 20.5% 505,000 24.7% Facility Rental 379,000 25.8% 499,000 24.4% Food & Beverage (Gross) 532,000 36.2% 786,000 38.4% Naming Rights 50,000 3.4% 50,000 2.4% Pouring Rights 14,000 1.0% 14,000 0.7% Promotions 50,000 3.4% 50,000 2.4% Total $1,470,000 100.0% $2,045,000 100.0% OPERATING EXPENSES Salaries $350,000 23.8% $422,000 20.6% Benefits 213,000 14.5% 267,000 13.1% Administrative & General 75,000 5.1% 119,000 5.8% Food & Beverage Costs 346,000 23.5% 511,000 25.0% Event Services Costs 419,000 28.5% 459,000 22.4% Marketing & Sales 57,000 3.9% 114,000 5.6% Repair & Maintenance 126,000 8.6% 145,000 7.1% Supplies & Equipment 0 0.0% 0 0.0% Utilities 138,000 9.4% 157,000 7.7% Box Office 2,000 0.1% 2,000 0.1% Total $1,725,000 117.3% $2,195,000 107.3% OPERATING INCOME (LOSS)($256,000) -17.3% ($150,000) -7.3% NON-OPERATING REVENUE Interest Income $0 0.0% $0 0.0% Fund Transfers In 0 0.0% 0 0.0% Other Non-Operating Revenue 31,000 2.1% 31,000 1.5% Total $31,000 2.1% $31,000 1.5% NON-OPERATING EXPENSES Management Fees $120,000 8.2% $136,000 6.7% Insurance 51,000 3.5% 85,000 4.2% Capital Maintenance 84,000 5.7% 84,000 4.1% Other Non-Operating Expense 72,000 4.9% 72,000 3.5% Total $325,000 22.1% $376,000 18.4% TOTAL NET INCOME (LOSS)($550,000) -37.4% ($494,000) -24.2% HVS Convention, Sports, and Entertainment Executive Summary 1-10 Brookings Validation Study Under the two scenarios analyzed, an expansion of the Swiftel Center based on the VenuWorks expansion or no expansion or renovation of the facility, the Swiftel Center’s operating deficit is projected to grow. During the first year of stabilized demand at the expanded Swiftel Center, HVS projects an operating loss of approximately $494,000. This projected deficit actually decreases initially, between 2011 and 2013, but then increases with inflation. If the Swiftel Center is not expanded, HVS projects the facility will realize a net deficit of approximately $550,000. HVS Convention, Sports & Entertainment Description of the Swiftel Center and Current Operations 2-1 Brookings Validation Study 2. Description of the Swiftel Center and Current Operations The City of Brookings and County of Brookings own the Swiftel Center and VenuWorks (a third party public assembly facility operator) has managed the facility since 2001. Near I-29 and east of the downtown area of Brookings, SD, the complex includes an arena, an arena concourse, a large banquet space that can be divided into two separate rooms for meetings and/or banquets, two conference rooms on the ground floor and a small conference room on the mezzanine level near Swiftel Center staff offices. Event space in the Swiftel Center totals 45,375 square feet. For agricultural shows, the Swiftel Center offers a 22,500-square foot holding barn for staging use. Table 2-1 summarizes the event space in the facility. Table 2-1 Summary of Function Spaces Capacity Type of Space Square Feet Theatre Banquet Classroom Exhibit Booths Arena 29,500 3,333 2,496 1,413 150 Concourse 4,002 444 225 168 25 Daktronics Rooms (A&B) 6,800 604 330 265 33 County Room C 1,845 155 112 78 14 County Room D 2,928 222 160 114 17 Mezzanine Conference Room 300 - - 18 - Total 45,375 Source: Swiftel Center From the parking lot, one enters the Swiftel Center through the lobby. The Swiftel Center is roughly divided into two main function areas with the arena and concourse to the west of the lobby and box office and the banquet and HVS Convention, Sports & Entertainment Description of the Swiftel Center and Current Operations 2-2 Brookings Validation Study meeting rooms to the north and east of the lobby. Figure 2-1 shows a floor plan of the facility. Figure 2-1 Swiftel Center Floor Plan Source: Swiftel Center The Swiftel Center arena offers 29,500 square feet of event space on its floor and holds up to 6,000 attendees for concerts with festival seating. The arena is used for concerts, large banquets, South Dakota State University athletics team practices during inclement weather, high school and college sports tournaments and motocross events. Since the Swiftel Center does not have dedicated exhibit space, the arena also acts as exhibit space for consumer shows as well as the occasional trade show. While the arena was not designed as exhibit space, it can be used to hold up to 150 10’ by 10’ trade show booths. The concourse area accommodates up to 20 additional trade show booths. Figure 2-2 shows a floor plan of the arena. Arena Space HVS Convention, Sports & Entertainment Description of the Swiftel Center and Current Operations 2-3 Brookings Validation Study Figure 2-2 Arena Map Source: Swiftel Center The layout of the arena presents some challenges with respect to its functionality for concert events. The arena was constructed without an adjacent green room for performers. In its current form, entertainers use the athletic locker rooms located in the west hallway. , which also houses two public restrooms. During concerts, access to the hallway is blocked and attendees sitting on the western side of the arena can only access the stairs and facility exit from the southern end of the arena. Entrances to the corridor must be staffed during events to prohibit use and to also provide guidance in the event of an emergency. The Daktronics Banquet Room divides into two sections and accommodates up to 944 people standing. An adjacent corridor on the eastern side of the arena and a small room adjacent to the entrance lobby provide access to the banquet room. Banquet Space HVS Convention, Sports & Entertainment Description of the Swiftel Center and Current Operations 2-4 Brookings Validation Study In addition to the above mentioned banquet space, the SC offers three meeting rooms. Two of these rooms, County Room C and D are on the ground level of the facility, and the third room is located on the mezzanine level. While event space totals 45,375 square feet, not all of the space is accessible at the same time. While the City owns the majority of the space inside the SC, the County owns its office space and County Rooms C and D. Therefore, the County space can only be rented for events when the County is not using the space for its own functions. In addition, due to the physical layout of the Swiftel Center, when events in the arena take place, only half of the large meeting space (Daktronics Room A) is accessible. When the arena is in use, access to Daktronics Room B is blocked off. The County conference space totals 4,777 square feet of meeting space and divides into two breakout rooms, one with 2,928 square feet, and the other with 1,845 square feet. The mezzanine conference room totals 300 square feet. In addition to meeting rooms inside the Swiftel Center, the R&T conference room, located in a nearby office building that houses hi-tech research, can be rented from the Swiftel Center. This conference room totals 700 square feet. While the VenuWorks feasibility study included information on the R&T Conference Room, HVS did not include it in the list of event space as the small conference room is located in a separate building. In addition to the arena and the meeting room space, the Swiftel Center has held a variety of events in the concourse space as well as used the holding barn located adjacent to the facility for staging agricultural shows. The arena concourse offers 4,002 square feet of event space. Event planners have used the concourse to host teen dances, wedding receptions and cocktail parties and receptions. The arena concourse can be used for standalone events only on occasions when the arena is not in use. In addition to the lack of a green room and inability to access part of the event space during other events, the current layout of the Swiftel Center limits its functionality. As mentioned in the VenuWorks study, the Swiftel Center lacks adequate storage space and this lack of storage has necessitated creative usage of space by Swiftel Center staff. Over the past several years, storage space has been Meeting Space Additional Event Space Event Space Issues HVS Convention, Sports & Entertainment Description of the Swiftel Center and Current Operations 2-5 Brookings Validation Study added by building closets under formerly trapped spaces beneath staircases. When the facility opened, only one room, totaling 1,275 square feet, existed for storage. In addition to the storage space built under staircases, staff built a 351 square foot room for storage use near the concession stand on the east side of the arena. The current kitchen in the facility is 813 square feet and all of the necessary kitchen equipment does not fit inside the space. As mentioned in the VenuWorks feasibility study, the Swiftel Center was originally designed with off-site food preparation in mind. While the proposed kitchen is larger, it is questionable whether 1,458 square feet will be sufficient to support the proposed ballroom. HVS Convention, Sports & Entertainment Market Analysis 3-1 Brookings Validation Study 3. Market Analysis and Competitive Venues HVS interviewed several key informants who provided information about the Brookings event market. In addition to collecting interview data, HVS carefully reviewed the VenuWorks study. As part of its study, VenuWorks conducted a survey of South Dakota convention and meeting planners. HVS analyzed sections of the survey results to determine event planner needs. The VenuWorks study also compared the existing and proposed expanded Swiftel Center to 17 other facilities in South Dakota. HVS organized the facilities into two separate categories—stand-alone convention/exhibition centers and hotels with significant conference space. In this chapter, HVS describes and analyzes the facility programs of these facilities that compete with the existing or expanded Swiftel Center. The interviews, survey results and review of the VenuWorks study shed light on the Brookings market and the facility needs of current and potential users of the Swiftel Center. HVS reviewed the survey results presented in the VenuWorks study. The survey asked a sample of South Dakota Convention and Meeting Planners about the needs relating to the events they plan each year. VenuWorks conducted an online and telephone surveys of 89 South Dakota convention and meeting planners and obtained a 31 percent overall response rate. HVS analyzed a portion of these results that we found most pertinent to our market analysis and their implications for the Swiftel Center. Introduction VenuWorks Survey Results HVS Convention, Sports & Entertainment Market Analysis 3-2 Brookings Validation Study Figure 2-1 Event Type - Combined Current and Potential Clients Meetings 29% Conventions 26% Conferences 13% Tradeshows 13% Banquets 12% Sporting Events 4%Other 3% Source: VenuWorks Survey 2008 Over fifty percent of functions planned by surveyed event planners are meetings or conventions, followed by the approximately 40 percent, which are conferences, tradeshows, or banquets. These types of events, particularly meetings and convention, require varied and flexible amounts of function space. VenuWorks asked survey participants to describe their needs with respect to each of three basic types of event space, including exhibition, banquet and meeting space; the following distribution charts highlight their wide range of facility requirements. See Figure 2-2. HVS Convention, Sports & Entertainment Market Analysis 3-3 Brookings Validation Study Figure 2-2 Function Space – Combined Current and Potential Clients 0% 5% 10% 15% 20% 25% 600-2,500 3,000- 4,000 5,000- 6,000 7,000- 10,000 15,000- 20,000 30,000+ Exhibit Space: SF 0% 10% 20% 30% 40% 50% 60% 70% 1-50 51-100 101-300 301-500 501-700 701-1000 1001- 1500 Banquet Space: Capacity 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% One Two Three Four 5-7 Meeting Space - Required Rooms 0% 5% 10% 15% 20% 25% 30% 35% 0-25 26-75 76-100 101-200 201-300 301-450 450+ Meeting Space - Capacity Source: VenuWorks Survey 2008 Event planners require various amounts of exhibit space with the majority requiring between 3,000 and 4,000 square feet. About 14 percent require 30,000 or more square feet of exhibit space. In terms of banquet and meeting capacity, a distinct majority of survey respondents require space for 100-300 persons for banquets and 100-200 persons for meetings. Roughly 30 percent of event planners surveyed require meeting space for up to 75 persons. Event attendance can help in determining the ideal size of a hotel and/or event facility. Event planners host events for very small groups of 50 or less and large groups of thousands attendees and participants. Exhibitors, delegates, and attendees that come from out of town are likely to have the HVS Convention, Sports & Entertainment Market Analysis 3-4 Brookings Validation Study greatest impacts on the local economy. These overnight visitors require lodging, which is one of the largest spending categories for most event participants. Figure 2-3 Event Attendance – Combined Current and Potential Clients Event Attendance 0% 5% 10% 15% 20% 25% 30% 35% 40% Less than 50 100-200 201-500 600-1,500 2,000- 3,000 3,700- 5,800 0% 10% 20% 30% 40% 50% Montana Midwest National Other Regional Iowa Wyoming Nebraska Minnesota North Dakota South Dakota Attendee Origin Source: VenuWorks Survey 2008 Most events planned by survey respondents last between one and four days, with roughly 50 percent organizing events that last three or four days. HVS Convention, Sports & Entertainment Market Analysis 3-5 Brookings Validation Study Figure 2-4 Event Length (Days) and Hotel Demand—Combined Current and Potential Clients 0% 5% 10% 15% 20% 25% One Two Three Four Five Six Seven Eight Nine Ten Includes move-in and move-out days Event Length (Days) 0% 10% 20% 30% 40% 50% 60% Less than 50 51 to 99 100 to 200 201 to 300 301 to 500 500 + Peak Room Nights Source: VenuWorks Survey 2008 Respondents require between 300 and 400 room nights across the length of their event. A distinct majority of respondents require between 100 and 200 rooms on their peak event night, followed by those who require between 50 and 100 rooms. Between eight and nine percent require 500 or more rooms on their peak night, showing the relatively booking potential for large these kinds of large-scale events. Surveyed event planners do not show a distinct preference for any particular hotel brand. HVS Convention, Sports & Entertainment Market Analysis 3-6 Brookings Validation Study The majority of event planners rotate between pre-selected cities. Thirty- seven percent select a location on a yearly basis, followed by twenty-two percent that meet in the same location every year. Surveyed event planners hold roughly 20 percent of their events in Sioux Falls or Rapid City, South Dakota. Six respondents or 11 percent reported they chose Brookings, but not the Swiftel Center. The event was hosted at a Brookings hotel facility. Other host cities chosen:  Thirteen percent chose Pierre, SD;  Eleven percent chose EACH chose Aberdeen or Brookings, SD (not the Swiftel Center);  Five percent EACH chose Spearfish or Huron, SD;  Four percent Watertown, SD; and  Two percent EACH chose Chamberlain, Deadwood, Kansas City, Mitchell, Silver Lake Lodge, or Brookings (Swiftel Center). According to the VenuWorks survey, event planners overwhelmingly prefer convention facilities with an attached hotel. Event Location HVS Convention, Sports & Entertainment Market Analysis 3-7 Brookings Validation Study Figure 2-5 Hotel Proximity – Combined Current and Potential Clients 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Attached Within 1-10 Min Within 21-30 Min Within 11-20 Min Not Applicable Potential Clients Current Clients Source: VenuWorks Survey 2008 For current users of the Swiftel Center, over 90 percent prefer attached accommodations. The “not applicable” category amounts for less than 10 percent of planners who do not require lodging facilities of any kind. Sixty percent of potential Swiftel Center clients prefer an attached hotel. The further away a hotel, the less attractive that facility becomes to event planners. VenuWorks identified several key site selection factors that are important to event planners in deciding where to locate an event. According to those surveyed, a convenient and accessible location is most important in determining where event planners hold their events HVS Convention, Sports & Entertainment Market Analysis 3-8 Brookings Validation Study Figure 2-6 Site Selection Criteria – Potential Clients 12345 Proximity to key legislative agencies Proximity to airport Recreational amenities Dining & entertainment amenities Distance between Hotel & Event Facilities Convenient parking Geographic location within State Low High Source: VenuWorks Survey 2008 Geographic location and convenient parking received the highest ratings, while leisure amenities were of average or below average importance. The relatively low importance of airport proximity is most likely due to the high in-state population of drive-in event participants and attendees. VenuWorks asked event planners to explain why they have not considered using the Swiftel Center. The most frequently cited answers include issues with current hotel amenities and event space. HVS Convention, Sports & Entertainment Market Analysis 3-9 Brookings Validation Study Table 2-7 Swiftel Center Specific – Potential Clients Response % Total Prefer location w/ attached hotel 7 22% Size of Swiftel Center (too small) 5 16% Proximity of hotel rooms 4 13% Reason unknown 4 13% Event always held in same location 4 13% Cost of event & hotel facilities 3 9% Proximity to membership 2 6% Do not require full convention center 13% ADA Accessbility 1 3% Recreational Amenities 1 3% 32 100% Source: VenuWorks Survey 2008 The Brookings Area Chamber of Commerce and Convention Bureau provided HVS with a list of North and South Dakota State Associations. HVS analyzed these associations, which may act as potential demand to an expanded Swiftel Center. HVS sorted the associations by location and type of organization to better understand the potential market demand for the Swiftel Center. Additionally, HVS tallied the number of conventions these associations reported hosting. Table 2-8 illustrates the number of South Dakota and North Dakota State Associations by their city. South Dakota State Associations HVS Convention, Sports & Entertainment Market Analysis 3-10 Brookings Validation Study Table 2-8 State Associations by Location South Dakota City Number of State Associations Pierre 35 Sioux Falls 33 Rapid City 8 Aberdeen 5 Watertown 5 Brookings 4 Huron 4 Mitchell 2 Spearfish 2 Other 19 Total 117 North Dakota City Bismarck 54 Fargo 23 Grand Forks 9 Dickinson 6 Mandan 6 Minot 4 Jamestown 3 Valley City 2 Other 12 Total 119 Source: Brookings Arena Chamber of Commerce and Convention Bureau North Dakota has a greater number of state associations than South Dakota. A majority of state associations, as is typical of most states, reside in the capital, Pierre, while a significant number of South Dakota state associations are headquartered in Sioux Falls. Only eight state associations reside in Rapid City. Brookings and Sioux Falls, both located almost an equal distance from Pierre potentially allows both cities to compete for South Dakota association business from Pierre. Most associations rotate their annual events around the state and Brookings would have to compete with Sioux Falls for events rotating to the Eastern part of the state. Given the large number of HVS Convention, Sports & Entertainment Market Analysis 3-11 Brookings Validation Study associations located in Sioux Falls, Brookings would be at a disadvantage in this competition. Table 2-9 organizes the North Dakota and South Dakota State Associations by type of association, as categorized by the Brookings Area Chamber of Commerce and Convention Bureau. Table 2-9 State Associations by Type Type of Organization Number of State Associations Medicine 21 Service Organizations 17 Education 16 Agriculture 13 Trades 13 Food 10 Real Estate 10 Activisim 9 Animals 9 Government 8 Human Resources 7 Banking 6 Business 6 Legal 6 Construction 5 Other 80 Total 236 Source: Brookings Area Chamber of Commerce and Convention Bureau A majority of associations fall into the Medical category. A significant portion, 13 associations, are agriculturally centered, a segment of demand that the Swiftel Center currently focuses on, and anticipates focusing on in the future. Table 2-10 shows the number of events hosted by associations. A number of associations did not report hosting any events. HVS Convention, Sports & Entertainment Market Analysis 3-12 Brookings Validation Study Table 2-10 State Association Events Type of Event Number of Events North Dakota South Dakota (without Sioux Falls) Only Sioux Falls Associations Total South Dakota Conventions 24 21 5 26 Tradeshows 5 5 3 8 Conferences 35 26 9 35 Meetings 110 134 60 194 Banquets 4 6 3 9 Consumer Shows 3 1 0 1 Assemblies 4 1 0 1 Other 7 1 1 2 Total 192 195 81 276 Source: Brookings Area Chamber of Commerce and Convention Bureau South Dakota State Associations, according to the data, produce a greater number of events than North Dakota State Associations. Associations from Sioux Falls have almost half of the number of events of associations from other cities in South Dakota. While this may be a good indicator for increasing demand potential at the Swiftel Center, due to their proximity to Sioux Falls, it may alternatively acts a negative indicator as Sioux Falls, among all South Dakota cities, offers one of the most flexible, and largest convention and meeting facilities, with, presumably, the ability to accommodate a significant portion of this demand. In North and South Dakota, the majority of events are smaller meetings that are most likely to be based in hotels rather than in a convention center. HVS met with the City Manager, Swiftel Center staff, members of the Swiftel Center Advisory Board, Brookings CVB and Chamber of Commerce staff as well as local business owners, including the owners of businesses that may compete for events against the Swiftel Center. With Sioux Falls only 60 miles away, several members of the community expressed concern over whether the Brookings market is distinct enough to attract state association events away from Sioux Falls. While individuals commented that Brookings can successfully attract new business that has an interest in rotating outside of Sioux Falls, it is expected that conferences and conventions with attendance greater than 500 people will be hosted in Sioux Falls, rather than a smaller town like Brookings, due to hotel capacity constraints. For example, both the Swiftel Center and a local competitor, the Field Work Interviews HVS Convention, Sports & Entertainment Market Analysis 3-13 Brookings Validation Study Shamrock Banquet Hall, bid to host the South Dakota Republican Convention. According to Brookings CVB staff, the Brookings bid packages were competitive and offered several incentives. However, the organization chose Sioux Falls and Brookings CVB staff felt that Sioux Falls won based on the amenities the city had to offer. The interviews showed that new demand for event space at the Swiftel Center could come from SDSU as well as state associations. South Dakota state associations typically rotate annual conferences and conventions between locations east and west of the Missouri River. The Swiftel Center could be a competitive venue for state associations looking to add a new venue into its east river competitors, which include Sioux Falls and Watertown. However, there was concern that, at the current pricing structure, the Swiftel Center is too expensive for the most cost-conscious state associations. In addition to state association and university business, the Swiftel Center could host trade shows. However, CVB staff noted that most of the vendors in the state are already located in Sioux Falls and that there is not a market for trade shows in this area of the state. The Brookings CVB provided HVS with a list of large meetings, conferences and conventions that occurred in Brookings, SD between 2002 and 2008. In addition to the Swiftel Center, the Days Inn and Staurolite Inn each hosted at least two multi-day conferences in 2007. When compared to its local competitors, the Swiftel Center is in a more desirable location, as it is near the interstate and a short distance from several hotels. In several meetings, it was made clear that a need for high quality meeting space exists in Brookings. With the exception of the newly opened Shamrock Banquet Hall, the existing supply of privately-owned meeting and conference space does not meet the level of quality and high-end finishes preferred by local meeting planners and demanded by less price conscious event planners. In several meetings, community member voiced the need for additional hotel rooms in Brookings. While the Shamrock expects to build a hotel that will add 60 rooms to the town’s supply (ground is to be broken in late 2008 or spring 2009) and the 100-room Hampton Inn set for completion in October- November 2008, the total available room block for group events in Brookings will be 800 rooms, which is less than the room blocks necessary for events. HVS Convention, Sports & Entertainment Market Analysis 3-14 Brookings Validation Study Owners of the Shamrock Banquet Hall and Days Inn each voiced concern with the proposed expansion of the Swiftel Center, citing frustration with what they viewed as a publicly subsidized facility acting as competition for privately run business. As indicated in the field work interviews, Swiftel Center management believes that the South Dakota State University (“SDSU”) in Brookings will drive significant demand for an expanded Swiftel Center. Therefore, to obtain a better understanding of potential demand, HVS interviewed a number of the academic departments at SDSU, with a specific focus on agricultural- related departments. Below, HVS presents a summary of findings from these interviews. Current Use of Swiftel Center and Other Venues In our interviews, HVS first focused on the type of events these SDSU departments hold and which facilities they use. A majority of departments HVS interviewed indicated they frequently host small meetings using their offices’ conference rooms, or for larger departments, meeting rooms in the Student Union building. However, a number of departments indicated that they host at least one conference annually. Historically many of these conferences been held at the Swiftel Center, although some departments said they had previously used other facilities. One department noted they used a facility in Sioux Falls, due to its proximity to attendees, while others indicated that, for cost reasons, they use the ballroom at the Student Union or the Performing Arts Center for their conferences. The Swiftel Center is often used for overflow space, when campus space is not sufficient for the event. The Days Inn has also been used to multi-day conferences that draw attendees from across the state. Potential Use of Swiftel Center and Impact of Adjacent Hotel/Expansion HVS then questioned departments as their potential use of the Swiftel Center in the foreseeable future and if the addition of an adjacent hotel and/or an expanded facility would increase their use of the facility. Of those departments that currently use the Swiftel Center, they all indicated that they will continue to use the Swiftel Center for their events regardless of additional developments. A large majority of departments said that an adjacent hotel and/or expanded facility would not increase the number of events they would hold at the Swiftel Center, with only one event mentioning the ability to attract greater attendance with an adjacent hotel. South Dakota State University Interviews HVS Convention, Sports & Entertainment Market Analysis 3-15 Brookings Validation Study Student Union Meeting Space The Student Union at SDSU offers a significant amount of meeting space used frequently by many departments at the SDSU and, therefore, the Student Union meeting space may act as a competitor to the Swiftel Center regarding demand SDSU. In the following chart, HVS presents the meeting space offered at the Student Union. Figure 2-11 SDSU Student Union Meeting Space Type of Space Square Feet Number of Rooms Average Number of Seats Total Number of Seats Ballroom 7,426 2 Meeting Rooms Conference 52098 Open Square 6 28 166 Lecture 15555 Classroom 2 80 160 Total Meeting Rooms 14 46 479 Total 16 479 Source: SDSU The Student Union at SDSU offers a ballroom of 7,426 square feet, divisible into two sections. The facility offers a total of 14 meeting rooms, with a combination of seating types. All meeting rooms combined offer seating for 479. Swiftel Center staff provided HVS the names of concert promoters who had brought events to the Swiftel Center in the recent past. HVS spoke with representatives from LifeLight Communications, a company that promotes Christian concerts in the Midwest and is based in Sioux Falls, SD and Exceptional Artists, a promotions company based in Omaha, NE. Jade Promotions, a company based in Fargo, ND, was unavailable for an interview. Promoters pointed to the availability of dates at the Swiftel Center when compared to venues in Sioux Falls. One promoter noted that the size of the Swiftel Center arena makes it a unique space when compared to the Washington Pavilion for Arts and Sciences (capacity 1,800 seats) and the Sioux Falls Arena (capacity 7,000). While the size may be unique, he also noted that it also limits the talent that can be drawn. Artists that he thinks could draw a Promoter Interviews HVS Convention, Sports & Entertainment Market Analysis 3-16 Brookings Validation Study large crowd in Brookings, like Foreigner, Bryan Adams and Willie Nelson, require larger venues than the current capacity of the Swiftel Center Arena. The promoter stated that he thinks that the population of Sioux Falls, at least those living in the northern areas of the city, along with several small towns located near Brookings, would travel to see a concert in Brookings. Currently, the price of a concert ticket ranges from $40-$55 and Exceptional Arts stated that the community of Brookings has been willing to pay those prices for concerts. For the Christian rock groups that LifeLight promotes, ticket prices typically range from $35-$50, depending on the level of talent. The college age population of SDSU is one of the characteristics of Brookings that makes the location desirable for LifeLight. The company promotes concerts year-round and hosts a large annual festival in Sioux Falls. While LifeLight has held a tour event in the Daktronics Room at the Swiftel Center, they have not yet promoted an event in the Swiftel Center arena. At one point, LifeLight was set to book a concert in the arena, but another group needed the use of the arena space on the anticipated concert date. LifeLight would like to use the Swiftel Center more often, but acknowledges that the most they would use the space would be a few times each year. Neither promoter voiced concern about the lack of a green room or space limitations for the current set up of the Swiftel Center. Both stated that the spaces worked well for the events hosted. Surveys of North and South Dakota association event planners provide a basis for estimating future demand and financial operation of an expanded venue. Responses to the VenuWorks event planner survey indicate that with an improved venue, Brookings could increase the frequency with which it hosts association events; however, proximate hotel rooms, more meeting breakout space, and larger banquet space will be necessary to capture this business. State associations also demonstrate a high level of price sensitivity, which will limit the operating revenue that could be achieved by these events. While interviews with local industry participants expressed interest in expanded SDSU’s use of the Swiftel Center, follow-up interviews with SDSU event planners indicates that the potential for growth in SDSU events at Swiftel Center is limited. Many are already using the Swiftel Center and venue improvements are unlikely to increase their frequency of use. Almost Market Analysis Conclusions HVS Convention, Sports & Entertainment Market Analysis 3-17 Brookings Validation Study all SDSU event planners are price sensitive and for this reason, prefer to use the Student Union or other facilities at SDSU when available. Concert event promoters indicated a continued interest in using the Swiftel Center and an interest in the Brookings market. Facility improvements that allowed for simultaneous use of the arena for concerts and the meeting and ballroom space for other functions could increase the capacity of the Swiftel Center to host a variety of event types. HVS reviewed the competitive facilities in South Dakota described in the VenuWorks study. HVS analyzed the facility programs of these competitors that compete with the existing or expanded Swiftel Center. Figure 3-1 shows a map of the location of the competitive inventory. VenuWorks Competitive Set HVS Convention, Sports & Entertainment Market Analysis 3-18 Brookings Validation Study Figure 3-1 Map of Competitive Inventory Source: Microsoft Streets and Trips Sioux Falls, roughly 60 minutes from Brookings, offers the greatest set of potential competitors among all cities in South Dakota, with the Sioux Falls Convention Center offering some of the largest function space in the South Dakota. Watertown, roughly 50 minutes from Brookings, offers an arena with exhibition space, as well as a hotel with ballroom and meeting space. For the purposes of this study, HVS organized the competitive facilities into two separate categories—stand-alone convention/exhibition centers and hotels with significant conference space. HVS Convention, Sports & Entertainment Market Analysis 3-19 Brookings Validation Study Table 3-1 summarizes the inventory of the 17 competitive facilities. Table 3-1 Competitive Inventory Stand-Alone Facilities Location Exhibition Space (sq ft) Ballroom Space (sq ft) Meeting Space (sq ft)Meeting Rooms Rushmore Plaza Civic Center Rapid City 75,902 - unknown 27 Sioux Falls Arena Sioux Falls 35,000 - unknown unknown Sioux Falls Convention Center Sioux Falls 33,600 16,800 1 10,290 12 Watertown Civic Arena Watertown 16,500 0 unknown 1 Huron Event Center (with arena) Huron 14,000 11,925 5,000 6 Shamrock Banquet Hall Brookings - 16,217 - - Hotel Conference Centers Best Western Ramkota Hotel Sioux Falls 20,000 11,000 8,200 9 Best Western Ramkota Hotel Rapid City - 28,300 8,590 8 Holiday Inn and Conference Center Spearfish - 11,230 4,000 2 The Oaks Hotel and Convention Center Sioux Falls - 15,470 680 1 Best Western Ramkota Hotel Aberdeen - 15,000 unknown 1 Cedar Shore Resort Chamberlain - 12,918 1,250 3 Best Western Ramkota Hotel Watertown - 12,000 11,500 19 Best Western Ramkota River Center Hotel Pierre - 12,000 2,760 6 Ramada Inn and Convention Center Aberdeen - 10,500 unknown 2 Holiday Inn City Center Sioux Falls - 7,632 3,990 6 Days Inn Convention Center Brookings -5,4000 0 1 Can be combined with exhibit hall for a 50,400 square foot exhibition hall Source: VenuWorks Study, Respective Facilities Among all stand-alone facilities, the Rushmore Plaza Civic Center in Rapid City offers the greatest amount of exhibition space with 75,902 square feet of exhibition space, although it does not offer any ballroom space. The Sioux Falls Convention Center offers the second largest amount of total function space with 33,600 square feet of exhibition space and 16,800 square feet of ballroom space. The Shamrock Banquet Hall, the largest in Brookings, offers a 16,217 square foot ballroom. Only the Best Western Ramkota in Sioux Falls offers exhibit space, while all other hotel conference centers offer a significant amount of ballroom and meeting space. The Best Western Ramkota in Rapid City, and the Holiday Inn and Conference Center in Spearfish offer the largest ballrooms of all hotel conference centers. The Days Inn Convention Center in Brookings offers the smallest ballroom of 5,400 square feet. HVS Convention, Sports & Entertainment Market Analysis 3-20 Brookings Validation Study Currently, the Days Inn Convention Center and the Shamrock Banquet Hall inadvertently act as strong local competitors to the Swiftel Center. While the Swiftel Center does not actively pursue local groups from within the town of Brookings, these groups often directly contact the Swiftel Center. The Swiftel Center is not able to compete with some of the larger facilities for conventions and tradeshows, due to a lack of ballroom and meeting space. In the following paragraphs, HVS describes each of the competitive venues, detailing their location, opening year, management, and function space capabilities. Rushmore Plaza Civic Center—Situated in Rapid City, South Dakota, the Rushmore Plaza Civic Center opened in 1977. A Holiday Inn with 205 rooms and 14,000 square feet of meeting space is located adjacent to the Rushmore Plaza Civic Center. The Rushmore Plaza Civic Center offers an arena, with 34,500 square feet of floor space and capacity for 10,000 for concerts, and a theater with 1,752 seats. The convention center section of the Rushmore Plaza Civic Center, offers an exhibit hall of 41,402 square feet, and a ballroom of 15,264, divisible into four sections. The facility also offers 27 meeting rooms. Sioux Falls Arena—The Sioux Falls Arena, owned by the city and managed by SMG, is located in Sioux Falls, South Dakota, adjacent to the Sioux Falls Stadium and Howard Wood Field, and across from the Sioux Falls Regional Airport. Attached to the Sioux Falls Arena are the Sioux Falls Convention Center and a Sheraton with 243 guest rooms. The Sheraton offers 33,600 square feet of exhibit space, a 16,800 square foot ballroom, a 2,600 square foot ballroom and roughly 12,000 square feet of meeting space. The Sioux Falls Arena offers 35,000 square feet of floor space. Sioux Falls Convention Center—As mentioned above, the facility connects with the Sioux Falls Arena, and is located across from the Sioux Falls Regional Airport. The city owns the facility, while Global Spectrum manages it. The Sheraton, with 243 guest rooms, connects by an enclosed walkway to the Sioux Falls Convention Center. The Sioux Falls Convention Center offers 33,600 square feet of exhibit space, a 16,800 square foot ballroom, and a 2,600 square foot ballroom. The facility also offers seventeen meeting rooms totaling 12,000 square feet of meeting space. The facility also offers 3,400 parking spaces. Watertown Civic Arena—The Watertown Civic Arena, in Watertown South Dakota, is located 10 miles from the Watertown Municipal Airport. The HVS Convention, Sports & Entertainment Market Analysis 3-21 Brookings Validation Study facility offers 16,500 square feet of rentable floor space, and one meeting room. Huron Events Center—The Huron Events Center and Arena sit in Huron, South Dakota. Adjacent to the facility is a Crossroads Hotel with 100 guest rooms. The facility offers an 8,175 square foot ballroom, divisible into eight sections, in addition to a ballroom of 3,750 square feet. Three meeting rooms total 1,750 square feet and a symposium theater totals 725 square feet. The Huron Arena offers 14,000 square feet of floor space. Shamrock Banquet Hall—The Shamrock Banquet Hall in Brookings, South Dakota, offers three ballrooms totaling 16,217 square feet. Two of the ballrooms can be combined into a 14,277 square foot ballroom. Best Western Ramkota Hotel Sioux Falls—The Best Western Ramkota Hotel Sioux Falls is located near the Sioux Falls Regional Airport and the Elmwood Golf Course. The facility, with 226 guest rooms, offers a 20,000 square foot exhibit hall and a ballroom of 11,000 square feet, divisible into four sections. Nine meeting rooms total 8,200 square feet. The complex also offers two amphitheaters, one with 85 seats classroom style and another with 158 seats theater style. Best Western Ramkota Hotel Rapid City—The Best Western Ramkota Hotel Rapid City is located near the Rushmore Mall in Rapid City, South Dakota. With 267 guest rooms, the Best Western offers one ballroom of 15,100 square feet, divisible into six sections and another ballroom of 13,200. Eight meeting rooms total 8,590 square feet. Holiday Inn and Conference Center Spearfish—The Holiday Inn and Conference Center in Spearfish, South Dakota, with 145 guest rooms, is located between the Spearfish Canyon Country Club and the Black Hills Airport. The facility offers an 11,232 square foot ballroom and two meeting rooms totaling 4,000 square feet. Oaks Hotel and Conference Center—The Oaks Hotel and Conference Center in Sioux Falls, with 200 guest rooms, is located near the Elmwood Golf Course and the Sioux Falls Regional Airport. The facility offers a 10,000 square foot ballroom and a 5,470 square foot ballroom, each divisible into four sections. It also offers one meeting room of 680 square feet. HVS Convention, Sports & Entertainment Market Analysis 3-22 Brookings Validation Study Best Western Ramkota Hotel Aberdeen—The Best Western Ramkota Hotel Aberdeen is located near an industrial park and two golf courses in Aberdeen, South Dakota. The hotel provides 154 guest rooms. The facility offers a ballroom of 10,000 square feet, divisible into five sections, in addition to a ballroom of 1,716 square feet, divisible into four sections. The Best Western also offers a boardroom of 264 square feet and a 212-seat amphitheater. Cedar Shore Resort—The Cedar Shore Resort, with 99 guest rooms, is located on the banks of the Missouri River in Chamberlain, South Dakota. The Cedar Shore Resort offers a 9,000 square foot ballroom and a 3,918 square foot ballroom. The facility also provides three meeting rooms totaling 1,250 square feet. Best Western Ramkota Hotel Watertown— The Best Western Ramkota Watertown, with 101 guest rooms, is situated in Watertown, South Dakota near Lake Pelican and the Watertown Municipal Airport. The hotel connects to the city-owned Watertown Events Center. The Watertown Events Center offers a 12,00 square foot ballroom, divisible into six sections and nineteen meeting rooms totaling 11,500 square feet. It also features an ampitheater with 284 seats. Best Western Ramkota Hotel River Center—The Best Western Ramkota River Center features a ballroom of 12,000 square feet, divisible into seven sections in addition to six meeting rooms totaling 2,760 square feet. The facility also offers an ampitheater with 84 classroom style seats and 148 theater style seats. Ramada Inn and Convention Center—The Ramada Inn and Convention Center Aberdeen, with 152 guest rooms is situated in Aberdeen, South Dakota near the Lakewood Mall. The Ramada Inn and Convention Center in Aberdeen offers a 10,500 square foot ballroom, divisible into eight rooms and two boardrooms. Holiday Inn City Center—The Holiday Inn City Center, with 299 guest rooms, is located in downtown Sioux Falls, South Dakota. The Holiday Inn City Center offers a 5,760 square foot ballroom, a 1,872 square foot ballroom and a round room of 4,300 square feet. Additionally, the facility offers six meetings rooms totaling 3,990 square feet. HVS Convention, Sports & Entertainment Market Analysis 3-23 Brookings Validation Study Days Inn Convention Center—The Days Inn Convention Center, with 125 guest rooms , is located off of I-29, in Brookings, South Dakota. The facility offers a ballroom of 5,400 square feet, divisible into four sections. The competitive facilities vary widely—from small hotel conference centers with ballroom and meeting space to integrated convention centers with arenas. In the Swiftel Center’s current state, the facility has been unable to successfully and consistently compete with some of the larger facilities due to a lack of ballroom and meeting space. According to the survey results, the Swiftel Center—even with additional ballroom space—may face difficulties competing against hotel conference centers as many event planners demand integrated facilities with hotel rooms, meeting rooms and a ballroom under one roof. As a group, these venues help to illustrate how the Swiftel Center compares to the existing convention and conference supply in South Dakota and provide valuable insight into how the Swiftel Center could potentially expand successfully. Conclusion HVS Convention, Sports & Entertainment Comparable Venues 4-1 Brookings Validation Study 4. Analysis of Comparable Venues HVS analyzed six comparable facilities outside South Dakota and compared their venue capabilities and surrounding market characteristics, relevant to the success of a convention center. HVS selected six peer convention centers in consultation with client representatives. Although these venues are not competitors, they provide examples of venues that the Swiftel Center could emulate in its expansion plans. The comparable venues include:  Alerus Center  Casper Events Center  Clay County Regional Events Center  Dixie Center  Mid-America Center  St. Cloud Civic Center The Alerus Center ("AC") is situated in Grand Forks, North Dakota, located on the border of North Dakota and Minnesota, one hour south of the Canadian border and one hour north of Fargo, North Dakota. The ACC sits on the west side of downtown Grand Forks near the University of North Dakota, roughly five miles from the Grand Forks International Airport. The AC, managed by VenuWorks, opened in 2001, replacing the Grand Forks Civic Center, built in the 1950's. A Canad Inn with 201 guest rooms connects via a concourse to the AC. Comparable Venues Alerus Center HVS Convention, Sports & Entertainment Comparable Venues 4-2 Brookings Validation Study Figure 3-1 Alerus Center Floor Plan Source: Alerus Center The AC offers an arena with full seating capacity for 21,000 and 99,600 square feet of rentable floor space. The facility also offers a 26,000 square foot ballroom, divisible into five sections, as well as 12 meeting rooms totaling 11,454 square feet. The AC offers 4,198 adjacent parking spaces. The connected Canad Inn offers one meeting room and an indoor water park. The Casper Events Center ("CEC") is located in Casper, Wyoming, roughly eight miles from the Natrona County International Airport and four hours northwest of Denver. The facility is owned and operated by the city and offers 3,600 adjacent parking spaces. Casper Events Center HVS Convention, Sports & Entertainment Comparable Venues 4-3 Brookings Validation Study Figure 3-2 Casper Events Center Floor Plan Source: Casper Events Center The CEC offers an Arena with full seating capacity for 9,749 people and rentable floor space of 16,540 square feet. The facility also offers a ballroom of 3,820 square feet and four meeting rooms totaling 3,012 square feet. The Clay County Regional Events Center ("CCEC") is situated in Spencer, Iowa, the northwestern section of Iowa. Two hours east of Sioux Falls and four hours northwest of Des Moines, the CCEC is 15 minutes south of Lake Okoboji, a major tourist attraction in northern Iowa. The CCEC is located at the north end of downtown within the Clay County Fairgrounds, five miles from the Spencer Municipal Airport. VenuWorks manages the CCEC, which opened in 2003. There is no hotel adjacent to the CCEC or the greater Clay County Fairgrounds. Clay County Regional Events Center HVS Convention, Sports & Entertainment Comparable Venues 4-4 Brookings Validation Study Figure 3-3 Clay County Regional Events Center Floor Plan Source: Clay County Regional Events Center The CCEC offers an arena with full seating capacity of 3,400 and 24,000 square feet of rentable floor space. It also offers a ballroom of 7,560 square feet, divisible into six sections, a boardroom of 522 square feet and an event office of 204 square feet. The Dixie Center ("DC") is in St. George, UT, near the tri-state border of Utah, Nevada and Arizona. Opened in 1998, the DC is located roughly two hours from the McCarran International Airport in Las Vegas and only four miles from downtown St. George. There are no adjacent hotels, although two hotels are located within one block of the DC. Dixie Center HVS Convention, Sports & Entertainment Comparable Venues 4-5 Brookings Validation Study Figure 3-4 Dixie Center Floor Plan Source: Dixie Center The DC offers 46,500 square feet of column free exhibition space, divisible into four sections. It also offers a 13,205 square foot ballroom and nine meeting rooms totaling 14,088 square feet of meeting space. Pre-function space totals 12,635, while the Mezzanine level offers five mini-suites overlooking the exhibit hall. An auditorium offers seating for 148. The Mid-America Center ("MAC") is located in Council Bluffs, Iowa, while it geographically situated between downtown Council Bluffs and downtown Omaha, roughly four miles from each cities' downtowns. The MAC, operated by SMG, opened in 2002. Connected to the facility is a Country Inn and Suites with 133 rooms. The MAC complex offers 2,600 open-surfaced parking spaces and is located five miles from the Omaha Eppley Airfield. Mid-America Center HVS Convention, Sports & Entertainment Comparable Venues 4-6 Brookings Validation Study Figure 3-5 Mid-America Center Floor Plan Source: Mid-America Center The MAC offers an arena with concert seating capacity for 9,000 and 30,000 square feet of rentable arena floor space. The convention center offers additional exhibition space with a 24,000 square foot exhibition hall. It also offers a 23,000 square foot ballroom divisible into four sections and six meeting rooms totaling 1,000 square feet. The St. Cloud Civic Center ("SCSS") is situated in St. Cloud, Minnesota, located in central Minnesota, more than one hour from Minneapolis. The SCSS is located in the downtown area St. Cloud, along the Mississippi River, six miles from the St. Cloud Regional Airport. Owned and operated by the City of St. Cloud, the SCSS opened in 1989. The Radisson Suite Hotel St. Cloud, with 103 guest rooms, connects directly to the SCSS via a skywalk. St. Cloud Civic Center HVS Convention, Sports & Entertainment Comparable Venues 4-7 Brookings Validation Study Figure 3-6 St. Cloud Civic Center Floor Plan Source: St. Cloud Civic Center On the first floor of the SCSS are two exhibit hall; one exhibit totals 16,000 square feet, divisible into two sections and the other exhibit hall totals 26,000 square feet. Additionally on the first floor is a small ballroom of 3,924 square feet, divisible into two meeting rooms, and a boardroom of 700 square feet. HVS Convention, Sports & Entertainment Comparable Venues 4-8 Brookings Validation Study The second floor offers a ballroom of 4,502 square feet, divisible into five meeting rooms and four additional meeting rooms totaling 4,220 square feet. The quantity of exhibition space available at convention centers generally determines the facility’s capacity in terms of the number and size of exhibiting events it can accommodate. The quality of exhibition space in a venue often determines what types of groups will want to hold events there and what level rents they will be willing to pay. HVS compared the exhibition space available at each of the selected peer facilities to the subject property. For the purposes of this study, all exhibition space presented below includes rentable floor space of facilities’ arenas. Figure 3-7 Exhibition Space in Comparable Venues (Square Feet) 0 20406080100120 Alerus Center Mid-America Center Dixie Center St. Cloud Civic Center Swiftel Center Clay County Regional Events Center Casper Events Center Thousands Source: HVS The Swiftel Center, with 33,500 square feet of exhibition space, including the arena floor and concourse, is near the lower range of comparable venues. Facilities with greater exhibit space, especially the Alerus Center, have greater capability for hosting large exhibiting events. Banquet space has become increasingly important for convention centers during the past two decades, as facility operators have attempted to grow food service revenues at their facilities. In addition to banquets, several other types of events, such as conventions and tradeshows, typically have a dining component that utilizes banquet space. Exhibition Space Assessment Banquet Space Assessment HVS Convention, Sports & Entertainment Comparable Venues 4-9 Brookings Validation Study Figure 3-8 Banquet Space in Comparable Venues (Square Feet) 0 5 10 15 20 25 30 Alerus Center Mid-America Center Swiftel Center Proposed Expansion St. Cloud Civic Center Dixie Center Clay County Regional Events Center Swiftel Center Casper Events Center Thousands Source: HVS With a 6,800 square foot banquet room, the Swiftel Center offers the second smallest amount of banquet/ballroom space among all comparable venues. With the proposed expansion, a 12,000 square foot ballroom would replace the current Daktronics Banquet Room. In the event of this expansion, the Swiftel Center would then offer a larger ballroom than all comparable facilities with the exception of the Mid-America Center and the Alerus Center. Meeting rooms accommodate sub-groups as they break out of larger events such as conventions and small tradeshows, self-contained meetings, training sessions, seminars, classes, and a variety of small meeting functions. Meeting rooms are often the most frequently used function spaces. Convention centers should offer meeting space that is proportionate to the amount of exhibition space available at the facility. However, the optimum amount of meeting space can vary depending on a facility’s target market. Meeting/Breakout Space Assessment HVS Convention, Sports & Entertainment Comparable Venues 4-10 Brookings Validation Study Figure 3-9 Meeting Space in Comparable Venues (Square Feet) 02468101214 Alerus Center Swiftel Center Proposed Expansion Dixie Center Swiftel Center St. Cloud Civic Center Casper Events Center Mid-America Center Clay County Regional Events Center Thousands Source: HVS Currently, the Swiftel Center offers over 5,000 square feet of meeting space, although, as will be illustrated in the following section, the meeting space is only divisible into the two County rooms and an additional meeting room. To address the lack of break-out space and the ensuing complications with attracting groups, the VenuWorks Study proposed the addition of nearly 10,000 square feet of meeting space, placing it far ahead of most comparable venues. Divisible meeting space enables a venue to serve a broad range of event types with different space needs. Divisibility adds flexibility in the amount of space the facility can rent, thereby allowing it to best match rented space with customer needs. Divisibility and flexibility also allow venues to serve multiple events simultaneously, thereby maximizing facility utilization. Divisibility of Meeting Spaces HVS Convention, Sports & Entertainment Comparable Venues 4-11 Brookings Validation Study Figure 3-10 Divisibility of Meeting Space in Comparable Venues 0 2 4 6 8 101214 Alerus Center Dixie Center Swiftel Center Proposed Expansion Mid-America Center St. Cloud Civic Center Casper Events Center Swiftel Center Clay County Regional Events Center Source: HVS The Swiftel Center, in its current form, offers three rooms of meetings space. The lack of meeting rooms does not allow for the flexibility in break-out spaces that many groups require. With the proposed expansion, the Swiftel Center would offer eight meeting rooms, third among all comparable venues. The assessment of the Swiftel Center’s meeting space excludes the Daktronics Room but includes the County conference rooms, which can only be rented if not in use by the County. Adjacent hotel capacity has become one of the most important selection factors for facility users. To successfully attract out-of-town groups, a convention center must be supported by an adequate supply of nearby hotel rooms that can house delegates, exhibitors, and other attendees. Proximity and connectivity are critical factors that event planners consider in evaluating overall hotel packages available in competing communities. While the number of adjacent hotel rooms acts as the basis of comparison, other important factors include hotel brands, service levels, building ages, management, and available meeting and banquet spaces in these hotels. Adjacent Hotel Capacity HVS Convention, Sports & Entertainment Comparable Venues 4-12 Brookings Validation Study Figure 3-11 Adjacent Hotel Capacity 0 50 100 150 200 250 Alerus Center Dixie Center Mid-America Center St. Cloud Civic Center Swiftel Center Proposed Expansion Clay County Regional Events Center Casper Events Center Swiftel Center Source: Respective Facilities Currently, the Swiftel Center, the Clay County Regional Events Center and the Casper Events Center are the only venues lacking an adjacent hotel. While the VenuWorks Study did not discuss the potential for an adjacent hotel, discussions have occurred since the publication of the report regarding the potential for a 100-room hotel without any meeting space in the hotel. With a 100-room headquarter hotel, the Swiftel Center would compare to the St. Cloud Civic Center, providing an amenity crucial to many event planners. Travel costs associated with attending a convention center event can contribute to a facility’s overall ability to attract delegates, exhibitors, and attendees. High travel costs can become a deterrent for certain types of groups in a facility’s potential market whereas low travel costs can be a competitive advantage in attractive certain price-sensitive groups. HVS evaluates two primary travel expense categories that include costs associated with hotel accommodations and meals. Travel Costs