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HomeMy WebLinkAboutItem #26 - Discussion Item9 -Q Howard V. Gar,. City Manager Ir 1 'f: INTER -OFFICE MEMORANDUM T °ROM Rick Horrow to Special Assistant to the City Manager CITY OF MIAMI. FLORIDA - 7 OeTE September 15, 1983 Mt sue-Ec' Laventhol 6 Horwath Presentation Before City Commission REFERENCES ENCLOSURES The consulting firm of Laventhol & Horwath has recently released its report concerning "Evaluation of Market Support and Operating Potentials for the Dade County Convention Center Complement". On September 12, the firm presented its findings and conclusions at a joint workshop meetingof representatives from the City of Miami, City of Miami Beach, Dade County, Chambers of Commerce, Downtown Development Authority, Tour- ist I`:velopment Council, and other interested persons and groups. Early that morning, the Study and explanatory cover memo was distributed to each member of the Commission. Subsequently, City of Miami representativeson the Tourist Development Council have requested that Laventhol S Horwath make a formal presen- tation to the entire City of Miami Commission at its first meeting in October (October 13). I am enclosing the September 12 summary memo- randum which may be used as background for this agenda item. 8 Howard V. Gary City Manager Rick Horrow IwL Special Assistant to the City Manager AV September 12, 1983 Laventhol & Horwath "Evaluation of Market Supcort and Operating Potentials for the Dade County Convention Center Complement" On March 10, 1983 the Dade County Commission retained Laventhol & Horwath to provide a complete evaluation of market support, operating performance, and long term potential for convention activity in Dade County. The Contract stipulated that the Project Team would consist of representatives from Dade County (Jeanne Westphal, Stacy Hornstein), the City of Miami Beach (Rob Parkins)and the City of Miami (Rick Horrow) The Final Report and Executive Summary, which will be released and discussed today, is the product of an extensive research effort. A number of the more significant issues affecting the City of Miami are discussed below: 1. The Miami/Miami Beach area rated well or all convention -related site selection criteria with the exception of zonvention facili- ties and hotel accommodations. Therefore, Dade County can com- pete effectively as a convention destination if meeting facili- ties were expanded/upgraded and additional hotel rooms were pro- vided. Hotel accommodations throughout the County, as well as the concentration of rooms in Miami Beach and Miami, provide the County with a strong competitive advantage. 2. Based on an elaborate market survey questionnaire which was com- pleted as part of the Study, many association executives and me- eting planners are sufficiently knowledgeable about Miami/Miami Beach: and do distinguish the two cities. when asked if a prefer- ence existed regarding the selection or an urban., or resort envi- ronment as a convention destination, meeting planners indicated urban. However, Miami Beach is considered an urban environment with a resort itmcsahere. 3. Based on market `_actors, Laventhol believes that by 1986, 150,000 to 200,000 of square feet of exhibition space should be located in the 'City of :Miami, and 440,000 square feet would be situated in Miami Beach. These facil'ties should be compatible, rath•-r than competitive. Of the 1,163 convention and trade shows re- quiring exhibit space in 1?81, all but 6% required exhlbiti-:,n space of less than 300,000 square feet. 4. The Report provides a detailed analysis cf six potential dc•.tintowr. Miami site locations evaluated in matrix fashion based on tie fol- lowing, weighted factors: Via) convenience and croximity to the AP INTER -OFFICE MB.�lORA:.DUM 70 HOWARD V. GARY SEPTEMBER 12, 1183 PAGE 2 James L. Knight Center; (b) ease cf expansion; (c) compatib:e Licvelopment potential; (d) convenience of parking; (e) lack of ccngestiont (f) service accessi (g) access to public transporta- tion,; (h) ease of property acquisition. 5. An evaluation of the compatibility of appr.priateness ofa MLlt=- ase exhibition hall/arena/coliseum was specifically not included in the Scope of Service3 in the County Agreement. This may be an important issue for future evaluation especially since the lAgis- lation authorizing the 3C Convention Development Tax (Florida Chap- ter 212.057) requires that the Miami Sports i Exhibition Authority .:se the proceeds "to construct a new multi -purpose convention/coli- seu:i/exhibition center of the maximum components thereof as funds permit in the most populous municipality in the county." 5. The Et-udy identifies four funding alternatives, three of which Iin.Iuding the primary one) assume the issuance of revenue bonds with the 34: Convention Development Tax used to pay off the debt. :er.tatively, seco.,d reading of the County Ordinance levying the tax is scheduled for the October 4 County Commission meeting. T::e Study conc1L'es that the totz.1 Miam.L/Miami Beach Conventior. Center Building program will gezcrate significant economic imijact. In 1185, for example, the facilities a:e expected to generate 4,199 new Sobs, 594,820,000 in direct cunstruction return, and S228,189,000 in dalegate expenditures. 8. The Study crncl'A" that a coordinated marketing cr3-,nization be created. 1-v C_ouncy, effectod municipalities, and the private tourism and hospitality indL-stry weld be represented. It is'stressed that this or-ganization would be established fitly of the Mi2mi Sports and Wi4biticn Authority, and its counterpart an Miami Be uch, + !Uch, by sr --tote, „ tst be estate ished to build and op --rats facilititm paid for by tt,e Cmirstr-ian L)mmlopmnt T,:x (30 which would be levied by the C junty Ccnraissia). cc: Hcn3rable Mayc;: and Members of the City Commission WitMP Wr +-