Agenda - 11-02-2005-9a - Laserfiche WebLink

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Our Flagship Facility: The Entertainment and Sports Factory ("Factory") is designed as a unique family oriented fitness, recreation and sports complex, It features: • 40 acres, including a 20 acre baseball/sof4ba11 complex and restaurant out parcels. • A 200,000 sq. ft. main building featuring twin NHL sized ice rinks, hockey, a full sized XI, Turf soccer field, youth and adult soccer, lacrosse, figure skating, batting cages, basketball, go-carts, health and fitness club, Raleigh's largest specialty hockey and soccer sports store, banquet hall, private party rooms, various retail outlets and restaurants. Complementing the sports & recreation theme, the complex features spacious common azeas and multiple entrances. The site provides ample parking for the 1.3 million anticipated annual visitors. Consultant Studies: The town of Wake Forest engaged Kimley-Hom to evaluate similar facilities around the country to assess economic impact and trip generation. They concluded that the most similar facility was in Orlando, Florida. This facility generated a daily vehicle generation to the site of 1,740. Many of the vehicles contained multiple passengers. It is therefore estimated that the facility would attract an average of 3,500 visitors a day or approximate 1,.3 million annually. This excludes the major additional impact of tournaments and competitions. These numbers are significant not only for' the core business, but also for ancillary revenue generation such as retail, snack bar, vending, banners, dasher board, sponsorships, etc. Maior partner in The Factory: Ammons Development Corporation: For over .30 years, the Ammons family has been developing and building in the Raleigh area, They have established a solid reputation for excellence, developing more than 3,000 acres and providing communities that still bear the family name. Their most recent project is Heritage Wake Forest, amixed-use community offering housing, commercial, and office space, all in close proximity. Heritage will consist of over 3,000 homes and a 100-acre business park. This concept is similar to other Ammons projects such as Greystone Village in North Raleigh, the Village at Nag's Head, and North Chase in Wihnington. Springmoor Retirement Village has become one of the nation's foremost life care retirement communities and continues to be managed by Ammons Development Corporation. They also manage the Heritage Golf and Country Club.