A 114,000 square foot indoor recreation facility that includes two turf fields, six hard courts, fitness area, restaurant, kids’ zone and other space to support operations. The facility will be constructed at the former Municipal Stadium site. The facility will serve the youth and young adults of our community with a secondary benefit of sports tourism, especially on weekends.
Through an extensive proposal process, the City selected and contracted with Eastern Sports Management (ESM) to be our private sector partner and to facilitate design, construction and operations. ESM operates several similar or larger facilities on the east coast and is developing other facilities in partnership with other cities.
ESM contracted with Pinnacle Indoor Sports to conduct the market analysis. They conducted extensive interviews with dozens of existing local sports and recreation stakeholders and user groups as well as a demographic analysis. They concluded the community interest is in place and the facility would be financially successful provided it was operated well and had limited debt service.
Copies of business plan, design concepts, financial projections and market feasibility are available upon request.
DESIGN/CONSTRUCTION COST ESTIMATE:
|Market Feasibility||Victus Advisors||COMPLETED 2018||$30,000||City of Hagerstown|
|Phase I contract with
|$70,000||City of Hagerstown|
|Develop full site
plans, 35% building
|Phase II contract with
|$500,000||City of Hagerstown|
|Stadium Demolition||Prepare site for Field
|$85,000||City of Hagerstown|
|Final Design and
|Phase III contract with
construction Fall 2022
|OPEN FALL 2023||$22,000,000||Funding Partners and
the City of