Agenda 09/12/2023 Item # 5B (Update on Paradise Coast Sports Complex)09/12/2023
EXECUTIVE SUMMARY
Recommendation to accept an update on the Paradise Coast Sports Complex from Sports Facilities
Management, LLC.
OBJECTIVE: To provide an update on Paradise Coast Sports Complex (the “PCSC”).
CONSIDERATIONS: The County is in the process of constructing a phased-in multi-use sports, special events
and entertainment facility at the PCSC to attract and host youth, adult sports leagues, amateur tournament play and
a multitude of events designed to draw tourists, local and non-local residents, participants, spectators, and event
attendees. Further expansions of the PCSC are planned in the future.
The County and Sports Facilities Management, LLC, (“SFM”) entered into a Facilities Management Agreement
pertaining to the management of the PCSC on November 12, 2021. Since November 2021, SFM has worked
diligently to operate and manage the sports complex utilizing its expertise in providing management services for
athletic complex facilities. SFM is soliciting, advertising, and conducting acti vities for leagues, sporting events,
concerts, tournaments, and other gatherings, including special events of substantial size and scope to maximize the
use of the PCSC.
SFM is present to provide an update on the current operations at Paradise Coast Sports Complex.
FISCAL IMPACT: There is no fiscal impact associated with this Executive Summary.
GROWTH MANAGEMENT IMPACT: There are no Growth Management Impacts associated with this
Executive Summary.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires majority vote by the
Board to accept staff’s report.-SRT
RECOMMENDATION: Recommendation to accept an update on the Paradise Coast Sports Complex.
Prepared by: Marissa Baker, Sports Complex Manager, Tourism
ATTACHMENT(S)
1. PCSC Update - Presentation (PPTX)
5.B
Packet Pg. 25
09/12/2023
COLLIER COUNTY
Board of County Commissioners
Item Number: 5.B
Doc ID: 26440
Item Summary: Recommendation to accept an update on the Paradise Coast Sports Complex from Sports
Facilities Management, LLC. (Aidrian Moses, Paradise Coast Sports Complex General Manager)
Meeting Date: 09/12/2023
Prepared by:
Title: – Corporate Business Operations
Name: Marissa Baker
08/30/2023 9:30 AM
Submitted by:
Title: Division Director – Tourism
Name: Paul Beirnes
08/30/2023 9:30 AM
Approved By:
Review:
County Attorney's Office Scott Teach Level 2 Attorney Review Completed 08/30/2023 9:44 AM
Tourism Paul Beirnes Director Completed 08/30/2023 10:28 AM
Corporate Compliance and Continuous Improvement Megan Gaillard Additional Reviewer Completed
08/30/2023 7:18 PM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/31/2023 1:18 PM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 08/31/2023 3:51 PM
Office of Management and Budget Christopher Johnson Additional Reviewer Completed 09/01/2023 7:07 AM
County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 09/05/2023 2:24 PM
Board of County Commissioners Geoffrey Willig Meeting Pending 09/12/2023 9:00 AM
5.B
Packet Pg. 26
PA RADISE COAST SPORTS COMPLEX
Paradise Coast Sports Complex (PCSC)
Fiscal Year 22-23 Update
September 12, 2023
5.B.a
Packet Pg. 27 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
RECAP
Headline: Remarkable Team Success despite challenges:
•Hurricane Ian
•Delayed Construction
•Point of Sale (POS) limitations
Success made possible:
•Robust schedule of events
•Va riety of revenue streams
•Hardworking and Ve rsatile Team
•Support of County Managers Office and Collier County Depts.
•Support from Sports Facilities Companies (SFC) Corporate
5.B.a
Packet Pg. 28 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
RECAP (cont.)
Headline: Remarkable Team Success despite challenges:
•Exceeded original budget after 6 months
•Requested additional Cost of Goods (COGS) and revised revenue target
Final Furlong:
•Completing the fiscal year with the same assets that we began with
•Further revision to budget requested
•Additional Revenue increase and COGS request
5.B.a
Packet Pg. 29 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
NOTA BLE EVENTS (SPORTS)
•Peace River Conference Finals (October)
•Alliance Cup, GCR Thanksgiving 5K (November)
•FBUNC, NXT Lax, Soccer Yo uth Golden Cup (December)
•College Properties Events (January)
•Weston Cup, Southwest Florida Shootout (February)
•Trilogy Spring Training, Pan Florida Bicycle Challenge (March)
•South Florida Cup (April)
•FHSAA State Championships (May)
•Naples 9’s, Triple Threat (June)
•FBU Top Gun (July)
5.B.a
Packet Pg. 30 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
NOTA BLE EVENTS (NON SPORTS)
•Curry Wedding (October)
•Hotworks Art Show (November)
•SnowFest (December)
•Solid Waste Deep Well Injection Reception (January)
•Wolf Stock, FOCCM Jazz Concert (February)
•AY F Leadership Meetings (March)
•Grow Church Easter Service (April)
•Naples Dealers Kentucky Derby Party (May)
•CC July 4th Fireworks (June)
5.B.a
Packet Pg. 31 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
NOTA BLE COMMUNITY USE
•Memorial Day Ceremony (May)
•Factory Sunrise Yoga (Sunday)
•Factory Run Club, Poker (Tuesdays)
•Bingo at the Cove (Wednesdays)
•Movies on the Lawn (Thursdays)
•Live @ The Cove (Friday) and Sunset Saturdays
•Open Play (Daily)
•At/Over Capacity Local Programming Schedule (Daily)
5.B.a
Packet Pg. 32 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
OT HER COMMUNITY IMPAC T
•DSNAP Food Stamp Collection (November)
•St Matthew’s House Food Distribution (Mondays)
•CCPS G.A.T.E Vocational Opportunity Internships
•CCPS Teacher Training
•Associate Leadership Collier Events
•Multiple CC department retreats and meetings
5.B.a
Packet Pg. 33 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
UPCOMING EVENTS
•Labor Day, Fall Kick Off, Unified, La Squadra Soccer (Sep)
•USA To day Food and W ine Festival (Sep 30)
•(Return of) Movies in Paradise (3rd Thursday)
•Pop Warner and Peace River Yo uth Football (Sep & Oct)
•Music in Motion Concert (ATL Rhythm Section & Pablo Cruise (Oct 28)
•Doral and Alliance Cup Soccer, 3D Lacrosse (Nov)
•USA Field Hockey Festival (Thanksgiving)
•SnowFest (Dec)
•AY F and FBU National Championships (Dec)
5.B.a
Packet Pg. 34 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
YEAR TO DAT E (YTD) 2023 FINANCIALS
Revenue Snapshot
•Initial Revenue Ta rget of $1,389,743
•Revised to $1,922,474 in April
•YT D (July) $1,838,739
•Final Revision $2,053,349
48% improvement in Revenue from initial 22-23 Budget
Based on revenue profile of remaining events…
…Weather permitting!
5.B.a
Packet Pg. 35 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
YEAR TO DAT E (YTD) 2023 FINANCIALS
Cost of Goods (COGS) Snapshot
•Initial COGS budget of $488,928
•Revised to $889,365 in April
•YT D (July) $850,878
•Final Revision $994,365
Initial gross profit projection of 35%
April revision to 46%
Final revision to 48%
5.B.a
Packet Pg. 36 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
YEAR TO DAT E 2023 FINANCIALS
Net Operating Income (NOI)Snapshot
•Initial NOI Projection ($169,958)
•Revised NOI Projection April ($37,664)
•Final Revision NOI Projection ($11,789)
NOI Improvement of $158,169 on FY 22-23 Budget
NOI Improvement of $288,235 on FY 21-22 Performance
Same assets
5.B.a
Packet Pg. 37 Attachment: PCSC Update - Presentation (26440 : PCSC Update)
THANK YOU!
5.B.a
Packet Pg. 38 Attachment: PCSC Update - Presentation (26440 : PCSC Update)