Request for Proposal (RFP)
FAY-CTS-2020 Performing Arts Center (PAC) Feasibility Study and Business Plan (click on title to view RFP)
Spectra Venue Management seeks qualified firms or individuals to conduct a market analysis/feasibility study for a Performing Arts Center in Cumberland County, North Carolina. The study shall include market, operational, financial, economic and social impact analyses of a facility that will house spaces for performance theater(s), administrative office(s), banquet room(s), meeting room(s), and may also include studio space(s), rehearsal space(s), kitchen facility, and more. The purpose of the study is to analyze then determine whether a new facility is feasible, and if so, the type of facility, the appropriate size and location of such facility along with a determination regarding the destruction of, or inability to utilize, existing theater and arena facilities and the impact their loss will have on the remaining Cumberland County entertainment facilities, specifically the Crown Coliseum and Crown Expo. The study should provide estimates of capital and operating costs and potential revenues. A comprehensive analysis and recommendations reflective of current facts and conditions, as well as future planning considerations with respect to the project are needed. This analysis should include a review of the funding and location restrictions in the legislation authorizing the Prepared Food & Beverage Tax, as well as a review of considerations to the taxing allocation model that would allow for the ongoing long-term funding for such a facility. Cumberland County (population 329,824) is in the southeast section of North Carolina and covers approximately 652 square miles. The most recent population estimates from the Office of State Budget and Management rank Cumberland County as the fifth largest county in the State. Cumberland County is home to Fort Bragg, the most strategically advanced military installation in America. The City of Fayetteville, also located within Cumberland County is the sixth largest municipality in the State with a population of 208,729.