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Little Rock plans major sports complex to boost economy

October 02, 2024 | Little Rock City, Pulaski County, Arkansas


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Little Rock plans major sports complex to boost economy
In a recent meeting, the Little Rock Board received an update from a sports facilities consultant regarding the development of new sports complexes aimed at enhancing economic growth and community engagement. The consultant highlighted positive discussions with local school districts, businesses, and community organizations, emphasizing the potential economic impact and quality of life improvements these facilities could bring to residents.

The proposed indoor facility has evolved from an initial concept of eight basketball and sixteen volleyball courts to a more expansive design featuring ten basketball courts and twenty volleyball courts. This facility will also accommodate various events, including small concerts and trade shows, with a seating capacity of approximately 4,500. Financial projections indicate that the facility could generate revenues starting at $2.9 million in its first year, growing to $4.2 million by year five, with operational profits expected to reach nearly $495,000 by that time.

The consultant also presented data on the anticipated economic impact, projecting around 177,000 non-local visitors and approximately 42,000 hotel room nights, resulting in a direct economic impact of $23.2 million. This figure does not account for additional benefits from ancillary developments such as restaurants and hotels that are expected to arise from the sports complexes.

Board members expressed interest in ensuring local residents have access to the facilities, with plans for subsidized programs to encourage participation. The consultant assured that local programming would be prioritized, particularly during weekdays, while also accommodating external events on weekends.

The meeting concluded with discussions on other agenda items, including a motion to postpone a specific item for two weeks and the approval of increased benefits for board members. The developments surrounding the sports complexes are seen as a significant step towards boosting tourism and economic development in Little Rock, aligning with the city's downtown master plan.

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Scribe from Workplace AI
Scribe from Workplace AI