Components: 2,400-seat Performing Arts Center
Project Value: $80 million
SAG was engaged by the Village of Schaumburg, a Chicago suburb, to complete a comprehensive market and financial feasibility study for a performing arts center that was part of a mixed-use projected that also included a convention center, hotel, 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 laid out an action plan for implementation. 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 funding becomes available.