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Village Website Posts Market/Impact Study for Proposed Sports Complex

Study analyzes demographics and demand potential, sports leagues and comparable facilities, and assesses economic and fiscal impact on community.

The Village of Lemont has posted on its website a market and impact study on a sports complex proposed for downtown Lemont.

As previously reported in Patch, the estimated $21 million sports complex is planned for a 26.3 parcel of land (the former Tri Central Marine Terminal) roughly bounded by the Chicago Sanitary and Ship Canal and Industrial Park Drive, from the end of Stephen Street north of the post office and continuing west under the Lemont Street bridge and beyond.

The proposed development would feature four outdoor fields for sports such as soccer, lacrosse and football, and an indoor facility that includes four areas for field sports and convertible spaces to accommodate two IHSA basketball courts, five volleyball courts and one tennis court. The indoor facility would also feature areas for concessions, multi-purpose rooms, party rooms and storage.

The market and impact study, dated Feb. 7, details demographic and demand potential analyses, sports leagues and comparable/competitive facilities, financial information and economic and fiscal impact assessments.

To view the study posted on the village website, click here.  

For more on the proposed sports complex, read:

Lemont Plans $21 Million Sports Complex

Residents Seek Answers on Sports Complex Proposal

Village Releases Q & A Statement on Proposed Lemont Sports Complex

Residents Grill Mayor About Proposed Sports Complex

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John Meier February 08, 2013 at 11:29 PM
Has anyone read this study? It says it’s for a 160,000sf facility with 2 full size indoor fields. This is very different than the 122,000sf facility reported in the patch. Also didn’t the Q&A sat that the annual impact to the town would be $10-$20 million in additional sales? It looks like this report says $1-$1.3 million in revenues (with some aggressive assumptions), with a state and local impact of $23,000. The report also assumes a two year marketing period with $500,000 of expenditures, which is different from the fast track open in November. The analysis looks like it is different than what is reported in the Patch.
Dan Cecola February 09, 2013 at 01:12 AM
The estimate of $10million-$20million of additional spending in the village seems incredibly optimistic. The majority of traffic in this type of facility is stop ’n drop carpools. There will be people staying longer on week-ends, but the $10 million - $20 million number is not realistic. These type of numbers are for facilities that run huge tournaments and get people that come in in from out of town and stay at hotels in the area. This facility doesn’t have the capacity in any area to host this type of event.
B.S. Buster February 09, 2013 at 02:58 PM
Great question to pose at Monday night's meeting! Monday morning the village advised that this facility is the 2nd largest in the state and the only one one with indoor and outdoor facilities. They also advised that hotels have already expressed interest in building at the village owned sites at Rt 83 and Main St. You have good questions that can best be answered by the village. The meeting last Monday ran over 2 hours and is difficult or impossible to capture every word in print article. The night meeting will also be broadcast on channel 6 and replayed as all board meetings are
John Meier February 09, 2013 at 09:43 PM
The numbers on the indoor summer rental, concessions, and sponsorships are way above industry averages. Lowering indoor summer to $130k, concessions to $210k, and sponsorships $20k is more realistic of a best case scenario. That would bring ebitda to roughly $1.36mm. Depending on the term of the bond, principles and interest at 4% would be between $1mm and $1.5mm. Even with no lease payment for the land, net income is flat to negative in a best case scenario. Has the village revealed the lease payment? The numbers get ugly when you start to look at lower utilization rates. How is the village treating the first year of interest before the facility is operational?
martin finn February 10, 2013 at 12:13 AM
Probably have enough sports facilities in this town. How about a 21 million dollar math and science academy for grades 5-12 that was privately managed. I'm guessing that place could pay for itself.
Spencer D. Smith February 10, 2013 at 04:59 PM
I know it has been asked more than a few times, but given the "offness" of this "study," what happens to the bond payments if the facility just doesn't meet profitability expectations? I know Mayor Reaves continually reiterates that this won't cost taxpayers money, but if this venture fails, I'm curious to know where exactly the money would come from. ALL government spending is taxpayer money by the way. If we're told that "oh it's a line item on such and such budget" that means that said line item could have been used for any number of other projects for the benefit of the community. A big one that occurs to me is pulling our junior high out of the dregs. It's embarrassing.
B.S. Buster February 10, 2013 at 07:44 PM
I thought you wished this project well yesterday on the other article? Now you appear hear trying to instill fear, uncertainty and doubt? Your proposal, while noble, is neither feasible or legal. Are you aware that 113a boundaries extend well beyond VOL? While you attack the politicians integrity, you seem to be quick to misrepresent your issues
Spencer D. Smith February 10, 2013 at 08:05 PM
Nothing I said was an attack Todd. Please relax your alarmist communication. It's not good for anyone, especially yourself. There's no reason to get excited or angry. Given the scope and and cost of this project, it most definitely should be discussed at every angle. It really seems to me that you have some sort of vested interest in this project, because literally no one is allowed to even ask a question about it without you retorting with a juvenile attack.
B.S. Buster February 10, 2013 at 08:20 PM
I have only supported asking questions! Pick up the phone and call, or walk into village hall and ask your questions. You haven't asked a question about the study, you've branded it "offness". There's a public meeting in Monday go there and address the your questions to the report authors and the elected official. That's asking questions.
Spencer D. Smith February 10, 2013 at 08:24 PM
There's nothing wrong with people in the community discussing it among themselves either. The "offness" part you mentioned is glaringly obvious to even a casual reader. 160k sq. feet is rather different than 120k sq. feet. The expected revenues are also questionable. One would hope that for a project like this that the estimates would lean on the side of caution rather than wishful thinking.
B.S. Buster February 10, 2013 at 09:36 PM
Were these questions posed to someone who might have a response? Is it possible this very report may have caused the decision makers to tweak the design of the facility? For example they may have felt the need to add one more field to the original design in order to increase revenue potential.... Hard to say when you don't ask those in the know...
Spencer D. Smith February 10, 2013 at 09:38 PM
Good questions. I hope someone who is able to go to the meeting sees both mine and yours and asks them.
n.j. February 10, 2013 at 10:58 PM
Per the report: "There are some lessons from these projects that could be used to improve the development of the proposed facility. However, given some of the site factors at this site (the canal, railroad, overhead roadway, power lines) it will be a challenge to develop the site into a facility that truly competes at the level of these facilities." Then why are we building a new complex that cannot compete with the facilities of other townships!
B.S. Buster February 10, 2013 at 11:28 PM
That reference is on page 24 where it compares this project to national leaders with 18 and 24 fields and more warm weather months than Illinois. No project in that section is in Illinois. The other local township projects you reference are all the ones before that section. In that arena the project prospectus is more favorable and located at the beginning of the report
Dan Cecola February 11, 2013 at 06:22 PM
It’s these types of comments by the village that cause me to worry that they have not done their homework. Hotels may be interested in the Rt. 83 site, but it would have nothing to do with the sports complex. The sports complex will not bring in out of town hotel visitors because it does not have enough fields to host a large tournament. The village’s own outside study states this. It lists leading edge facilities as having 11-24 fields and parking for 700-1,800. It also lists 9 facilities in the area with 10+ fields and states that there are 930 facilities in the area with 2 plus fields. The village analysis concludes this facility will struggle to be able to compete with these kinds of facilities. And this is from the analysis the village is using to justify the deal. I don’t think this will have anywhere near the economic impact on local businesses to justify the huge cost.
B.S. Buster February 11, 2013 at 09:38 PM
Seems to be some select cherry picking.....the report doesn't know what they are talking about in certain instances, but is spot on in others... I don't see where this report says this will fail except when compared to the largest outdoor facilities in the country. This project rates very well with indoor facilities (claimed to be second largest in the state) and the only indoor facility to include outdoor fields, and the only one With a 3000 seat concert venue. The numbers in the report may or may not be correct, but they have been compiled by a firm that has a track record with these evaluations. Where are you getting your "better" figures from? You have cited "industry averages". But what is the source of the data?

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