Convention Center and Hotel Complex
Components: Convention Center, 500-room Hotel, 2,400-seat Performing Arts Center, Arena
Project Value: $280 million
SAG was engaged by the Village of Schaumburg, a Chicago suburb, to prepare a market and financial feasibility study for a convention center, hotel, performing arts center and arena. The study was comprehensive, addressing building programming and phasing, site options, cost estimates, organizational and management structure, operating cash flows, economic impact and outlined an action plan for implementation. The market research indicated support for the development of a 500-room full service hotel, a convention center with 150,000 sf of function space, and a 2,400-seat performing arts center. Early into the process, it was determined that the arena component of the master plan was not feasible due to the competitive environment in the region. At the conclusion of this study, the Village retained SAG to lead the implementation process for the convention center and hotel components of the master plan. The convention center and hotel opened in 2006. Due to funding constraints, the performing arts center was not included in the initial phase of the development. However, the Village plans to revisit development of the performing arts center as additional funds become available.