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Conference Center-Hotel Project Considered in Belton

02/08/2017 12:21:00 pm | Viewed: 560

Texas Construction News from Virtual Builders Exchange

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The Bell County Courthouse (right), as seen from Main Street in Belton's historic downtown district.

 

Posted: 2-8-2017, 1 p.m.

by Adolfo Pesquera

Belton (Bell Co.) - The city of Belton issued a notice Tuesday of its interest in a feasibility study for a conference center and hotel that would be built by a private developer or through a public-private partnership.

This is a "Market Feasibility Study" that will consider a conference center-hotel in one of three possible sites. Sealed proposals must be delivered by March 3, 2 p.m.

Three locations are being considered for a potential conference center-hotel

"The city wishes to promote development of an executive conference center and hotel facility within the boundaries of the city limits and within or near three possible locations, including in proximity to Bell County Expo Center, historic Downtown Belton, and/or near Belton Lake," the Request For Proposals states.

Belton has a population of 20,547 and is part of the Killeen-Temple-Fort Hood metropolitan area, which has a combined population of 450,051. The town was founded in 1850 on the banks of the Leon River and is the home of the University of Mary Hardin-Baylor.

"The goal of the city is to determine if a new hotal and conference center is feasible by the private sector," the RFP said.

If a privately developed facility is found to not be feasible, "it is the city's desire to determine what financial gap might exist that could be filled by public incentive, along with recommendations of the most appropriate inventives to fill any identified financial gap."

The study must determine the optimal site, provide a recommendation for a facility program, and determine the overall market feasibility. This analysis will be provided to potential hotel developers and management companies.

The scope of work must include analysis of development costs, revenue projections, operational projections for a stabilized year of operation and a five-year operating model.

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adolfo@virtualbx.com


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Adolfo Pesquera
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adolfo@virtualbx.com

Adolfo Pesquera is a veteran news journalist. He has worked for Hearst Corp., American Lawyer Media, News Corp and Freedom Communications. His work has been published in newspapers and magazines across the USA. He is a journalism graduate of UT-RGV. He writes, edits and creates digital pages for VBX.