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Proposal for Highest and Best Use Study H_ (S_'J_LA <br /> Mr. Scot Wrighton <br /> Page 6 <br /> Kovalchick Convention and Athletic Complex - Indiana, <br /> Pennsylvania: H&LA prepared a market demand and impact <br /> analysis that estimated the economic impact of the <br /> development and operation of the Kovalchick Convention <br /> and Athletic Complex (KCAC) in Indiana, Pennsylvania on <br /> the campus of Indiana University of Pennsylvania. KCAC is <br /> a 148,500 square foot facility that includes the Ed Fry <br /> Arena, a 34,900 square foot, 4,000-seat event arena; an <br /> s t" open concourse with nearly 12,000 square feet of <br /> K . . additional exhibition space or concession capabilities; a <br /> 17,800 square foot conference facility containing; and the Toretti Auditorium, a 6,000 square <br /> feet fixed-seat theater used for presentations, theatrical productions, or performances. <br /> Great Wolf Lodge Properties - United States and r, 6 <br /> Canada: Over the years, Hotel & Leisure Advisors has <br /> worked with several different clients in preparing <br /> various consulting assignments for 13 Great Wolf Lodge <br /> properties in the United States and Canada. These <br /> studies included appraisals, feasibility studies, and <br /> general consulting analyses. Great Wolf Resorts is the ' <br /> largest indoor waterpark company in North America, <br /> with 16 properties in the U.S. and Canada. <br /> p X111X11111""„ ' Whitewater Adventure Park - Montgomery Alabama: <br /> H&LA completed a feasibility for the proposed attraction <br /> " on a site near the Alabama River. The Phase I <br /> development will include a competition channel, <br /> recreation channel, ropes course, zip lines, hiking trails, <br /> SUBJECT SITE t '. <br /> climbing center, sunbathing deck, splash pad, and an <br /> _ . amphitheater. We made recommendations for sizing, <br /> proposed amenities, pricing, and any future expansion <br /> potential. The project is a public private partnership. <br /> ..” Plans were announced in 2019 that the project is moving <br /> forward with a target opening in 2022. <br /> FEES & PAYMENT SCHEDULE <br /> Fees <br /> Component Fee <br /> I - Market Feasibility and Financial Analysis Study $39,900 <br /> Travel, subsistence, and out-of-pocket expenses, Included <br /> including STR report and other research data <br /> These fee estimates are subject to revision if the scope of the engagement is altered. In <br /> such an event,we will discuss the matter with you so that a mutually acceptable revision can <br /> be made. Our price quote for this scope of services is valid for 90 days from the date of this <br /> proposal. Projected expenses exclude any applicable state sales taxes. If at any point during <br /> the engagement a decision is made to discontinue our services, our professional fees will be <br /> based on the time expended through that date. <br /> 110TH &l_FISIIIiF:t\U\'hSORS H&LA <br />