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VIRGINIA BEACH ENTERTAINMENT + SPORTS ARENA PDF

102 Pages·2014·13.97 MB·English
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Preview VIRGINIA BEACH ENTERTAINMENT + SPORTS ARENA

1 V B e + S a irginia each ntertainment portS rena United States Management, LLC PPEA Conceptual Proposal Arena PPEA Solicitation No. CITY-14-0016 Volume 1 2 Virginia Beach is primed for a all areas of construction, operation, and world-class arena—and we are management are performed by ready to build it. accomplished individuals with the relevant experience and know how to deliver an United States Management, LLC (USM) is iconic and successful entertainment and pleased to submit a proposal in response sports arena. to the City’s Arena PPEA Solicitation No. CITY-14-0016. Our plan to construct a The Arena, as proposed, accomplishes To: locally owned, privately financed 18,000- three major goals for the City: Bill S. Davis, Purchasing Agent, seat, 550,000-square foot entertainment • Establishes a significant economic City of Virginia Beach and sports venue adjacent to the Virginia generator in Virginia Beach, creating new 2388 Court Plaza Drive, Beach Convention Center will bring positive jobs and attracting new events and new Virginia Beach, VA 23456 and lasting benefits to the economic well visitors to the City being of the City. The facility will February 14, 2014 incorporate flexible seating and the • Creates a year-round attraction at the amenity upgrade capabilities necessary to oceanfront, boosting existing businesses attract a professional sports franchise. and dramatically enhancing the City’s USM offers a proposal that: national convention draw What makes this proposal • Provides a signature development that • Capitalizes on private financing and will offer events consistent with our unique is that it requires no eliminates the City’s risk for arena City’s stature and enhance our national construction and operation and international exposure. public bond issue and creates • Combines local ownership and knowl- If the City accepts this proposal and no increased tax burden for edge with global expertise in the enter- agreement target dates are met, the tainment and sports industry Virginia Beach Arena will be open and the citizens of Virginia Beach. • Aligns with the goals of the City hosting major new events by the end of • Provides significant entertainment and 2016. amenity value for local citizens. We sincerely appreciate your careful Members of the project team—The ESG consideration of this proposal and look Companies, CMEC, Mortenson forward to bringing this exciting Construction, S.B. Ballard Construction, entertainment and sports venue to AECOM, Clark Nexsen and SMG—have Virginia Beach. been strategically selected to ensure that Edward S. Garcia, President, United States Management, LLC 4 The goals of USM, the City, area businesses, and local citizens align: we all want a spectacular entertainment and sports venue that provides jobs, reinvigorates the local economy, and draws world- class acts and year-round tourists alike, without the City or local citizens shouldering the financial burden of the facility. e S xecutiVe ummary The time is now. The place is Virginia Beach. THE PROJECT Construction is estimated to take 2 years after The City’s contributions to the project would USM and its highly qualified project team are the necessary agreements and permits are in include: pleased to propose a strategic partnership to place. • A long-term lease of available land sufficient develop, design, build, finance, and operate a Aligning with the City’s 2012 Strategic Plan, the to build the proposed venue highly versatile multi-purpose entertainment and sports arena (the Arena) in Virginia Beach. Arena will: • Parking, site improvements, infrastructure, and special event amenities, some of which • Create jobs and serve as a major new eco- This proposal provides private sector financing, may qualify for funding from the Tourism nomic generator for the City successful large-scale development experience, Investment Program Fund and proven entertainment and sports facility • Capture live performances and sporting • City services as required to support major operational expertise to construct and operate events that currently bypass the region entertainment and sports events a state-of-the-art 18,000-seat/550,000-square • Add value to the quality of life of local • Reimbursement of Arena-generated tax foot facility of iconic design located adjacent to residents revenues the Virginia Beach Convention Center. The Arena • Optimize the potential of the Convention will have the capabilities necessary to attract a • Allocation of 1% of city hotel tax. Center professional sports franchise. Although the This proposal requires no public • Establish a year-round tourism draw at the success of the Arena is not franchise bond issue and creates no increased oceanfront. dependent, USM intends to aggressively pursue tax burden for the citizens of an NBA and/or NHL team. A comprehensive Arena project agreement will Virginia Beach. establish a beneficial partnership with the City Responding to citizen concerns regarding the that leverages private sector funds and risk potential tax burden of a major venue, USM has assumption with an experienced project team to obtained private sources of funding for the construct and operate the Arena. construction of the Arena and will assume the risk of operations. c S p onceptual ite lan 1 Arena 4 Lightrail 7 Dining/Retail 2 Wave Walk 5 Lightrail Station 3 Surface Parking 6 Memorial Location I-264 North e u n e 3 v A s k r a P d a o R k c e n 19th Street d r 3 Bi 6 3 3 3 3 5 1 2 7 2 3 3 3 3 4 17th Street THE LOCATION This location, close to the oceanfront in the The Virginia Beach Development Authority has Resort and Convention District, is considered a The Arena is the right venue to deemed the proposed Arena location ideal, as it prime site because: increase area amenities and is conveniently situated 8 blocks from the • The necessary land is available and owned by Oceanfront, 1 block from Interstate 264, and jobs. the City adjacent to the Virginia Beach Convention Center. • The Arena will anchor 19th street redevelop- ment efforts • Over 8,000 hotel rooms are available in the District • The location would optimize Convention Center capabilities • The area has a strong transportation infrastructure. City and state leaders have expressed significant support for the construction of an Arena at this location and enthusiasm for the amenities and economic benefit that a facility of this type would provide for the region and PROJECT area residents both now and in the future. The SITE Virginia General Assembly has also shown support by passing legislation that dedicates Arena-generated state sales tax to satisfy project-related debt. The Arena is the right venue to increase area amenities and jobs. 8 Virginia Beach Arena Early Architectural Concept Study THE PROJECT TEAM • S. B. Ballard Construction Company, a The Virginia Beach Arena will be developed, local builder with a documented history of financed, designed, constructed, and delivering quality large-scale projects maintained by an experienced team led by on-time and within budget locally based USM. • AECOM and Clark Nexsen, a design team of architects and engineers responsible for USM has obtained a private financing source some of the most iconic entertainment for this project and has selected a team of and sports venues in the world, who bring accomplished professionals and companies local expertise and strong ties to the with the precise combination of experience Virginia Beach Resort District and expertise needed to deliver a high- quality facility. • SMG, the largest convention center operator in the country and an internation- The team has delivered on-time and ally recognized arena operator and event on-budget large-scale projects in Virginia promoter and globally, and the members have a • A wide range of specialized economists, documented history of successful analysts, attorneys, public communication collaboration on major entertainment and experts and business consultants with sports related projects. specialized knowledge and experience in the sports and entertainment industry. The project team includes: At all phases of development, design, • ESG Enterprises, a local company with a construction, and operation, USM has 50-plus-year history of innovative develop- assembled team members with local, ments in Virginia Beach national, and international experience to • CMEC, an international design, engineer- create a world-class venue that capitalizes ing, and procurement specialist on the unique strengths and offerings of • Mortenson Construction, a national Virginia Beach. builder with extensive arena experience Our designers, contractors and operators have teamed together on highly successful entertainment and sports h t e ighlightS of eam xperience projects in Virginia and across the country. S.B. Ballard Stadium - Norfolk, VA FedEx Forum - Memphis, TN AECOM + Clark Nexsen + S.B. Ballard Construction AECOM + Mortenson Construction

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Feb 14, 2014 construction of the Arena and will assume the 50-plus-year history of innovative develop- ments in Virginia Beach Pinnacle Bank Arena - Lincoln, NE . Comparable Costs of Alternative Project Delivery Methods 72.
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