Loading...
Backup Documents 05/27/2025 Item #10A - PresentationHigh Tourism Impact County 6t" Cent PAYING DEBT SERVICE ON AND OPERATING CERTAIN FACILITIES, (CONVENTION CENTERS, SPORTS STADIUMS/ARENAS, COLISEUMS, OR AUDITORIUMS, AQUARIUMS/MUSEUMS) LA PROMOTE ZOOLOGICAL PROMOTE AND ADVERTISE FINANCE BEACH PARK PARKS TOURISM, CONVENTION FACILITIES BUREAUS BEACH MAINTENANCE, RENOURISHMENT, RESTORATION, AND EROSION CONTROL INCLUDING SHORELINE PROTECTION PUBLIC FACILITIES Exhibit A - Tourist Development Plan Distribution of ist Distribution of 4th Distribution of 5th thru 3rd percent percent (20% of TDT percent (20% of TDT Overall Collier County Tourist Development Plan (60% of TDT Levy) Levy) Levy) Distribution (1) Category Description Funs! Beaches Beach Park Facilities 1;D'fllv0 5.968% 0.000% 0.000% 3.58% Beach Renourishment, Pass Beaches 19.E}'11v 64,961% 0.000% 0,000°0 38,9896 & Inlet Maintenance Total Beaches Total Beaches (incJudes Administrative Costs) 70.929% 0.000`fL_ 0.000% 42,56% Destination Promotion 8� Promotion 1r 4f llul 13.086% 100,00% 23.571% 33.57% Administration Promotion Amateur Sports 758/1103 0.000% 0.000% 71.429% 14.28% Complex/Debt Total Destination Promotion Total promotion 13.086% 100.00% 100.000% 47.85° & Amateur Sports Museums County Museum (2) 198/1107 12.909% 0.000% O.D00% 7.68% Museums Non -County Museums 193/1103 3.176% 0.000% 0.D00% 1.91% Total Museums Total Museums 15.985% 0.000% 0.000% 9,59° Total I Iloo.00%1 100.00%1 100.00%1 100.00% (1) The overall distribution is provided for illustrative purposes. Distributions are calculated on the factors provided for the 1st thru 3rd percentage, the 4th percentage and the 5th percentage, (2) County Museum Distribution - Annual TDT taxes in excess of $2,000,000 will be redirected to TDC Promotion Fund (184) reserves. Market Analysis Key Findings Baseball/Softball: Hotel: i Florida has a robust and competitive baseball and ■ The local hotels are overloaded during the winter months, ILN softball tournament market. limiting the opportunity for hotel booking growth ■ Tournaments held from late spring through early fall ■ Local hotels struggle during the summer due to limited ■ Optimally aligns with Collier County's off-peak tourism demand drivers season Retail & Restaurant: Soccer: 2P Downtown visitation is strong post and prior to events at • ■ Strong national soccer facility PCSC ■ Limited field counts results in utilizing other local Sports Tourism - National Case Studies complexes, hurting tournament operator appeal ■ Although artificial turf poses heat challenges in summer, Best Practices: it is optimal for extending play during rain ■ Phased development allows for flexible additions like more diverse sports offerings to reduce seasonality BasketballlValleyball: (D ■ Sports complexes boost local economies by attracting ■ Central Florida crowds the state's indoor sports market facilities hotels and restaurants with many existing and proposed ■ Mixing weekday leagues with weekend tournaments ■ Local demand is strong, butthe peak athletic seasons for ensures steady use and revenue indoor sports overlap with soccer hunden partners Preliminary Recommended Site Layout r• r r • r~�rrw7 4 .si It . : . : -49" Obbl- hunden partners I hunden.com 1 02025 Hunden Hunden Recommendations RecommendationsAsset Hunden Outdoor Field ■ Eleven dedicated diamonds � Expansion Softball: 5 diamonds 'i' I� ■ Baseball: b diamonds Additional ■ Enhanced food & beverage option on the east side of the Facility�Complex, adjacent to the expanded fields Amenities ■ Dedicated parking on east side of Complex ■ Indoor fieldhouse Future Phase 6 basketball courts/12 volleyball courts Medical offices & meeting space (3-5 Years) Gathering place/lightning shelter ■ Hurricane shelter '- -m- - partners I hunden.com 1 02025 Hunden Demand & Financial Projections Summary By comparing projections for PCSC in its current form and potential expansions, we are able to evaluate which scenario maximizes the facility's Return on Investment (ROI). Hunden projects scenario three, a major expansion with baseball and softball diamonds, would produce the highest Net Operating Income (NOI) and operating margin. NOI $228,000 Operating Margin 7% Visits 428,960 Recommended 4 $368,000 1 $1,638,000 1 $987,000 10% 1 27% 1 16% 433,470 1 517,772 1 590,680 hunder partners I hunden.mm I C2025 Hunden Room Night Generation Seasonality Scenario 3, in which Paradise Coast Sports Complex undergoes a major expansion of baseball and softball diamonds, would generate the most annual hotel rooms for Collier County and therefore, the most TDC funds. Baseball and softball fields generate room nights in Collier County's down season, supporting local hotels. Meanwhile, an indoor complex would further stress hotels during the peak winter season, causing some leaked hotel rooms to nearby counties, and thus producing fewer TDC dollars. 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 ANNUAL ROOM NIGHT GENERATION (2029) JAN FEB MAR APRIL MAY JUNE JULY AUG SEP OCT NOV DEC SCENARIO 1 SCENARIO 3 SCENARI O 4 — — — Mov. Avg. (SCENARIO 1) — — — Mov. Avg. (SCENARIO 3) — — Mov. Avg. (SCENARIO 4) hunden partners I hunden.com 102025 Hunden 36 nurnament Unne •l l [W:1 N [• Field Count Expansion at PCSC Is Required to Become an Anchor Recommendations for 12 diamonds and 16 multipurpose fields highlight the need for large, versatile facilities to host events at a single, anchored venue, which in turn boosts competitiveness in the sports tourism market. Effective Sports Tourism Requires Coordination Youth sports tourism is highest with transportation and lodging, highlighting the continual need for nearby and available hotels. Limited winter lodging capacity and affordability restrict tournament growth. Hotel Seasonality Is a Major Key to Sports Tourism Success Youth sports tourism is highest with transportation and lodging, highlighting the continual need for nearby and available hotels. Limited winter lodging capacity and affordability restrict tournament growth. r