Expert insights and strategies shaping the sports, recreation, and entertainment landscape
Your roadmap to obtaining development funding for a sports complex project. The ribbon cutting for a new sports complex represents a momentous occasion for any community. It also underscores an important story about how venues come to life. All sports complex development projects involve a tremendous investment of time, effort
Why a Feasibility Study is a Key Step in a Successful Facility Perhaps the most under-appreciated steps business owners can take before venturing into a sports facility business is conducting a feasibility study. A feasibility study examines a number of variables and can reveal whether or not your project will
Planning an FF&E Budget For a Sports Facility If you’re considering opening up a sports facility, recreation center, or community center, you will have to do a fair amount of budget planning. Budget planning is always a speculation, regardless of how much research you do ahead of time. Something may
Important Considerations for FF&E If you have previous experience with facility planning, then you may already understand the ins and outs of furniture, fixture, and equipment (FF&E) and the importance it plays in your budgeting and development processes. But getting just what you want for your money isn’t always easy.
FF&E Items You Need For a Sports Facility FF&E stands for Furniture, Fixtures, and Equipment. In the construction of a sports facility, this makes up anything that outfits the building, including tables, chairs, artwork, appliances, and more. In most sports facilities, FF&E makes up one to ten percent of the
The Steps of a Successful Feasibility Study Feasibility studies are an integral part of any successful business. Performed before making big financial investments such as hiring new employees or buying new equipment, feasibility research determines if a decision is practical from an economic and operational standpoint. Though these studies are
Bring in More Revenue to Your College Recreation Center A college recreation center can have fairly significant upfront costs, but ideally, it will eventually give you a significant return on investment. A state of the art recreation center attracts new students to enroll and costs can be offset by student
Avoid These Development Funding Wasting Habits If you are in the planning and development phase of your sports facility, you know how important it is to stay on budget. The last thing you want to do is run out of money before the facility is even open, and following these
How to Increase Sports Complex Revenue You have a successful sports complex, but you are looking for low-risk ways to increase revenue. There are some easy ways to bring in money while also creating programs to benefit your customers in the process. Try some of the following ideas. Partner With
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