Orange County NC Website
DocuSign Envelope ID: 137AC14B-6250-4081-9084-0BF0B086A047 <br /> Ms. Laurie Paolicelli <br /> June 3, 2016 <br /> Page 7 of 13 <br /> This data will also be used to identify any external factors and complementary facilities that could <br /> significantly affect the ability of the potential new facility to maximize its potential. We will discuss <br /> opportunities and constraints concerning these characteristics and issues. Factors to be identified <br /> include: <br /> • availability of quality, committable hotel rooms; <br /> • restaurant/retail establishments; <br /> • parking needs; <br /> • transportation infrastructu re/accessibility; <br /> • event attendee transportation within the area; and, <br /> • other such characteristics. <br /> In developing market supportable development options, our approach is experienced and nuanced, <br /> critically relying on the primary market survey data collected for this assignment and our experience <br /> with comparable projects and understanding of industry best practices. <br /> The results of this step will provide project representatives with a clear understanding of the <br /> recommended building programmatic elements that are estimated to be supportable by measured <br /> market demand. In addition, should any existing complementary facilities be deemed inadequate, we <br /> will address each facility and discuss potential methods of facilitating their development/creation, <br /> including incentivizing private sector participation and/or creative public/private partnerships to <br /> enhance the visitor industry infrastructure to adequately support any future visitor-oriented event <br /> facility investment. We would envision developing development scenarios for further analysis, <br /> including one or more involving a public/private partnership with an existing or new headquarters <br /> hotel. <br /> If sufficient market demand does not exist for a new visitor-oriented event facility, alternate project <br /> opportunities will be discussed (as outlined under Part Two of this proposed scope of services). These <br /> alternatives would be designed to grow new visitation and could include a public/private partnership <br /> with an existing/potential hotel, the development of other types of event facilities that could serve the <br /> local community (and downtown) needs and other such concepts. <br /> Task 3. Utilization Analysis <br /> Based on the results of the visitor-oriented event facility development options analyses, the knowledge <br /> we have gained in performing similar studies and information contained in our database of events, we <br /> will quantify the level and characteristics of events and activities that could be attracted to and <br /> retained at a new Orange County visitor-oriented event facility during a stabilized year of operations. <br /> The market potential will be presented for those sources of demand that are identified as being <br /> supportable in the Orange County area. These event sources could include conventions, conferences, <br /> meetings, exhibitions, civic, spectator and local community uses and other events. <br /> The measures of event demand to be focused on will include: <br /> • event levels by event segment; <br /> • potential attendance (including visitor) levels by activity or use; <br /> • origin of attendees/exhibitors (i.e., local vs. non-local) and associated traffic levels; <br /> • length of event data; <br /> • facility space and functionality requirements (exhibit, meeting, banquet, seating, staging, <br /> technology, etc.) by event type; <br />