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HomeMy WebLinkAboutPalm Springs Convention Center Study - PresentationPALM SPRINGS CONVENTION INDUSTRY FUTURES STUDY January 2025 Rob Hampton, General Manager, Palm Springs Convention Center Tyler Othen, Director, CSL International Kyle Peterson, Community & Culture Practice Leader, HMC Architects Draft Building on Past Success A Competitive Marketplace A Changing Industry Draft MARKET OUTREACH: Today’s Opportunity •Approximately 25 to 35% of event planner workforce retired during or following COVID. •A new generation of decisionmakers, with a new focus on: New Spaces Vibrant Districts Authentic Experiences Being A “Net Positive” Technology Draft MARKET OUTREACH: New Planner Demands Primrose Ballroom Refresh Oasis Exhibit Hall Refresh Mesquite & Smoketree Meeting Room Refresh Agua Caliente Board Room Refresh Lobby Refresh Connecting Corridor Refresh Restrooms Refresh Replace Existing Chiller Refresh Exterior Landscape MODERNIZATION SCOPE Draft 101 257 410 163 153 149 148 142 129 104 90 71 57 56 56 50 5 13 3 2 1 1 2 7 1 1 12 12 29 3 4 2 3 1 1 13 11 9 9 2 1 2 1730 688 1798 296 15 93 161 139 131148 93 1,046 23 Attraction Reviews (number of Trip Advisor positive reviews) Hotels (number of hotel rooms) Dining Options (number of establishments) Total Count and Attraction Type – Within ½-mile of the Palm Springs Convention Center Total Count and Attraction Type – Within 1 mile of the Palm Springs Convention Center 5,199 2,590 150 Attraction Reviews (number of Trip Advisor positive reviews) Hotels (number of hotel rooms) Dining Options (number of establishments) 0 Trail Heads 2 Trail Heads LOCAL MARKET: Our Biggest Strength…and Challenge Draft 8 RECOMMENDATIONS: PSCC District Connectivity Planning Shade Public Art 2.0Unique Lighting Placemaking + WayfindingTrend Forward Shuttling Draft RECAP: PSCC-Generated Total Economic Output Source: Facility Management, 2022 $78.6M $70.6M $86.9M $66.3M $75.6M $72.9M $97.1M $113.0M $.0M $15.0M $30.0M $45.0M $60.0M $75.0M $90.0M $105.0M $120.0M $135.0M $150.0M 20 1 7 20 1 8 20 1 9 20 2 3 20 1 7 - 2 0 1 9 , 2 0 2 3 A v g . Do N o t h i n g Pa r t i a l I n v e s t m e n t Fu l l I n v e s t m e n t To t a l E c o n o m i c O u t p u t Other Local transportation Entertainment Retail Restaurant Hotel 227 Net New Jobs 460 Net New Jobs Council Decision on Investment Program Finalize Project Financing Project Design Project Construction 4 – 6 Months 8 – 12 Months 24 – 30 Months Total Project Costs ~$100M District Connectivity & Hotel Investment Ongoing