Southwest Regional Amateur Sports Center

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$4 Million State Bonding Request

Transcript of Southwest Regional Amateur Sports Center

Page 1: Southwest Regional Amateur Sports Center

$4 Million State Bonding Request

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Marshall is strategically positioned for amateur sports in the upper Midwest.

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Creating a User

Experience for all!

Integrated event

and service venues

Master-Plan to create a destination!

Creating

continuity for

retail, sports,

education and

hospitality!

Creating a Destination

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Project Timeline 2007 City of Marshall officially designated by the Minnesota Amateur Sports Commission

(MASC) as the seventh and final regional sports center.

2008 Southwest Minnesota Amateur Sports Commission (SMASC) established.

2009 MASC State bonding request for $100,000 pre-design and design funding (not approved). Secured local funds and completed pre-design phase.

2010 MASC State bonding request for $4 million (not approved). State request for .5% local

general sales & use tax authorization (not approved) and 1.5% hospitality tax authorization

(approved). Secured Marshall Chamber of Commerce & local business support letters.

2011 State request for.5% local general sales & use tax (approved). State request for extension

of 1.5% hospitality tax authorization (approved). Secured regional cities letters of support.

2012 MASC State DEED bonding request for $4 million (not approved). November election over

60% City voter approval for local sales taxes authorization.

2013 State request for 1.5% hospitality tax technical correction. Local taxes effective April, June

& July. Construction Manager finalists under review. Architect selection planned in

February. Design planned for April and Construction Commencement 2013. Private

adjacent property hotel and entertainment developer selection Spring 2013.

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Southwest Minnesota State

University Partner Facilities

Pedestrian Underpass

MN Hwy 19

N

MN

Hw

y 2

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Marshall Public High School

Partner Facilities Proposed Upgraded Performance Softball

& Youth Baseball

Future Upgraded Performance Soccer & Multi-Sport Fields

Proposed Multi-Use Sports Center

Proposed Performance Softball

& Youth Baseball

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Marshall is the economic engine for Southwest Minnesota. Marshall’s

population of 14,000 grows to over 22,000 during the work day. Marshall has

recognized population growth over 7% the last decade.

Growing Marshall as a regional center, drawing outstate dollars to Marshall by

hosting state and regional athletic tournaments, camps and activities.

Creating destination quality sports facilities cooperatively between the City,

Southwest Minnesota State University and Marshall Public High School.

Stimulating private investment in lodging, convention, retail and entertainment

to drive economic growth in Marshall and Southwestern Minnesota.

Utilizing Southwest Minnesota State Universities facilities for amateur sports to

promote enrollment growth through expanded regional visibility.

Regional Significance & Priority Funding

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Cost Description Cost ($)

Land Acquisition 640,000

Pre-design/Design 660,000

Construction 11,480,300

Furniture/Fixtures/Equipment 160,000

Total 12,940,000

Funding Source Funding Amount ($)

State of MN Bonding 2012 4,000,000

Private Donations 1,500,000

Local Share 7,440,000

Total 12,940,000

Capital Project Financing

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Thank You For Your Time and Consideration.

Questions