PS3D said:
spike427 said:
A city building/operating a conference center is one thing. Having a hotel attached to the project is another. What hotel brand would be the partner in that venture and what's the selection process? Are there examples of other cities who embark on such development? I have a lot of questions.
Admittedly I don't know much about the convention center biz but it's very, very common to have a hotel adjacent or attached to a convention center since most of these venues have people come into an area just for a convention (either setting it up, or attending, or being an attraction). The big question I would have is if the local hotel market can sustain another big hotel. I'm struggling to think of any hotels that have opened since COVID, the only one that comes to mind is stayAPT Suites out on University Drive East. Is it just a market downturn or did the construction in the last ten years max out the market?
We just had a Drury Inn open on Univ Dr near the Hilton a couple of weeks ago.
Also, would a convention center support itself economically or would the taxpapers have to substidize it monthly?
Just yesterday, the county said that the Brazos County Exposition Center is running at a large loss.
"Nettles received no opposition to adding to the committee that will review proposals from architects and construction managers at risk, a member of the Brazos Valley Fair Board and a representative of the agriculture community. And there was no opposition to Brown's request to discuss how to increase revenue at the Expo complex, where he says the county is losing $1.2 million dollars a year."
That's $100,000 a month that has to be covered by us.
With the Hilton and A&M's facilities available as competitors, would a convention center support itself or will the taxpapers have to foot a bill like $100,000 and up a month?
"But the evidence of economic benefit remains uncertain, and most of the 175 convention centers across the country operate at a loss, said Robin Hunden, founder and CEO of development consulting firm Hunden Partners in Chicago."
https://www.theweeklyjournal.com/online_features/why-are-cities-still-spending-big-on-convention-centers/article_471688fa-a128-11ef-8a8b-e7961dd4426d.htmlWe don't have to have everything that other cities have.