Discussion on a downtown convention center continue

Discussion on a downtown convention center continue

SIOUX FALLS, S.D. (KELO) - Discussions are ongoing in Sioux Falls surrounding what a proposed downtown convention center could look like. The Riverline Steering Committee met Tuesday to hear from Johnson Consulting about possible business plans and funding strategies for the Riverline District. Tornado Tuesday: 22 years later The development of a convention center on the corner of East 10th Street and Franklin Avenue is still very early in…

Riverline District cost could exceed $250M, tens of thousands of visitors promised

Sioux Falls is leaving tens of thousands of hotel stays — and millions in tax revenue — on the table by not having a convention center with onsite lodging in a central downtown location.But to capture that lost opportunity, the city could first have to pony up $250 million or more.That’s according to Chicago-based Johnson Consulting, which this week presented market projections and construction estimates tied to the proposed redevelopment of the…

What would it cost to build a downtown convention center?

Simplified: The city would have to spend between $225 and $250 million to build a new downtown convention center that would likely still operate at a deficit, according to a draft report from Johnson Consulting presented to the Riverline District Steering Committee on Tuesday afternoon. Why it mattersThe City Council in December voted to spend $8 million to purchase a roughly 8-acre parcel of land near the 10th Street viaduct with plans to build…