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Home My WebLink About6. Design Review Committee for FW Convention CenterDesign Review Committee for the Convention Center Expansion Presented by: Jay Chapa January 14, 2020 1 Purpose of Today’s Presentation •Provide details on the proposed Convention Center Design Review Committee •Outline the proposed strategy to phase and finance the convention facilities expansion 2 Future Phase III Phase II Completed in 2003 Phase I Completed in 2002 3 Design Review Committee Mayor Betsy Price Mayor Pro-Tem Jungus Jordan Councilwoman Ann Zadeh Leah King Bob Jameson Jarred Howard Ed Bass Sasha Bass Jay Chapa Andy Taft Bobby Ahdieh Richard Casarez Glenn Forbes Johnny Campbell Joseph DeLeon Randy Gideon Martha Peters Adrian Parr Annette Landeros Perry Bass Jonathan Morris Gloria Starling Bob Benda Lanny Lancarte 4 Design Review Committee Scope •Participate in and approve selections for recommendation to City Council of: Project Management Consultant Design Team Construction Manager at Risk •Provide feedback on appropriate space layout based on Customer Focus Study •Review and provide feedback on final design based on consultant recommendations and available funding based on Project Finance Zone performance 5 Need for Convention Center Expansion Hunden Strategic Partner Team •Peer cities have renovated/expanded their convention centers and added walkable or major headquarter hotels •New hotels in downtown have been immediately absorbed into the market demonstrating pent-up demand •Group planners continue to be frustrated by facilities and the number of separate hotels required to accommodate larger conventions •Events, event days and total attendance at FWCC has remained level or decreased over the last five years •Simultaneous development of 1,000-room convention hotel is recommended 6 Current Layout 7 Expansion Recommendation Exhibit Space Ballroom(s)Meeting Room Space Meeting Room Divisions Board Rooms Conventio n Hotel 1 (Rooms) Conventio n Hotel 2 (Rooms) Current 227,613 28,160 56,961 55 1 614 0 Recommended 280,000 60,000 80,000 80 3 1,000 1,000 Net New Needed 52,387 88,160 23,039 25 2 386 1,000 Existing to be Replaced 45,000 0 25,000 25 0 0 0 Net New to be Constructed 97,387 60,000 48,039 50 2 386 1,000 8 Additional Recommendations •Full Catering Kitchen •500 Additional Underground Parking Spaces •Straightening of Commerce Street •New Front Door at North End •Design should open to the street and connect better to Sundance Square •Emphasize outdoor features including Water Gardens, Worth Square and additional terrace spaces •Ensure flexibility of spaces and circulation to support multiple simultaneous events •Provide a range of food and beverage choices •Reduce costs for exhibitor set-up, utilities and decorating 9 Expected Results of Expansion over 10 Years •Convention Center bookings expected to grow from 151 to 292 per year (94% increase) with conventions specifically increasing from 61 to 83 (36% increase) •Attendance would grow from 780K to 1.2M (55% increase) •Room nights (corporate, group and leisure) would grow from 650K to 1.2M (85% increase) 10 Phased Approach to Minimize Business Loss •Phase 3A: Annex Demo/Kitchen and Commerce St. Realignment •Part 1: Full Design of 3A and partial design 3B not including 3B construction documents •Part 2: Ballroom level kitchen and demo of south annex •Part 3: Demo of north annex, straightening of Commerce and construction of new loading docks •Phase 3B: Northern Expansion and Renovation of Existing •Part 1: Demolish Arena •Part 2: Build northern expansion •Part 3: Strategic renovation of existing building & site 11 12 Public Finance Zone Map Project Financing PFZ Performance 2015 Projections Revised Projections Revenue for 30 Years $472M $670M Projected Budget: $400 million to $500 million (final cost to be based on available funding) Project Planning and Management $ 30,000,000 Phase 3A –Part 1 & 2 Design and Construction 35,000,000 Phase 3A –Commerce Street Realignment 30,000,000 Phase 3B –New Exhibit Hall Construction 300,000,000 Phase 3B –Existing Exhibit Hall Renovation 35,000,000 Total $430,000,000* * All numbers are preliminary estimates. Actual budgets to be based on final design and Construction Manager at Risk contract. 13 Thank you