LOCATION
Boca Raton, Florida
PROJECT HIGHLIGHTS
Market and Financial Analysis
Evaluated Specialty Revenue Potential, Including Club Seats, Luxury Suites, Naming Rights, and Capital Contributions from the Corporate Community
Researched Opportunities for Additional Uses at the Stadium
Investigated Housing as a Funding Resource for the Venue
Projected Revenues, Expenses, Debt Service and Funds Available for other Purposes
PROJECT DESCRIPTION
Johnson Consulting provided a market and financial analysis for the development of a new on-campus football stadium for Florida Atlantic University (FAU). The report, which included estimates of market potential, demand and projected financial performance, was ultimately used as a basis of information by members of the finance team and design group. In conjunction with our stadium report, Johnson Consulting also provided the University with a housing analysis, which was also to be a part of “Innovation Village.” The housing piece ended up playing an integral role in the financing of the football stadium at FAU. Johnson Consulting undertook the following tasks:
Communicated the transaction structure, in order to isolate demand, revenue and expense factors
Evaluated FAU Athletics and demand/market support patterns within the competitive area for the student housing at innovation village
Identified and evaluated the competitive environment for the proposed stadium, should FAU decide to allow for other events within the facility besides university football games
Independently estimated achievable demand potential for the football stadium’s elements on behalf of the FAU
Presented a ten year projection of revenue, expenses, debt service and funds available for other purposes and coverage ratios
