Components: Convention Center
Project Value: $75 million
Strategic Advisory Group professionals were engaged to complete a comprehensive market and financial feasibility study for a new convention center in the New Jersey resort community of Wildwood, a favorite summer vacation spot in the Northeast. Of key concern to community leaders was the capacity for the convention center to strengthen the meeting and tourism business in the shoulder and off seasons. The study recommended a convention center with 80,000 square feet of exhibit space and 25,000+ square feet of ballroom and breakout meeting space. The project opened in 2002 with 73,160 square feet of exhibit space and 22,000 square feet of meeting space. Facility management indicates that the convention center has spurred economic development beyond their expectations both locally and in the region.