Components: Convention Center
Project Value: $180 million Convention Center; $170 million Westin Hotel
SAG team members began their relationship with the Charlotte Convention Center in 1991 with preparing a feasibility study for a new convention center. The study was comprehensive, analyzing Charlotte’s community attributes, historical convention center operations, meeting planner preferences, and Charlotte’s regional and national competition. The study also analyzed financial performance, CVB funding and project funding requirements. The recommendation was to build approximately 280,000 square feet of exhibit space, with related ballroom, meeting room and pre-function spaces. The convention center opened in 1995.
Our relationship continued and has included tax projections and bond offering due diligence related to the convention center financing, an economic impact study, a Convention and Visitors Bureau Strategic Plan, a downtown development plan (Destination Charlotte), management of the headquarter hotel process (700-room Westin opened in 2003), and preparation of a feasibility study for a second 500-room convention hotel.