Markin Consulting Services

Services

Long-Range Planning
Markin Consulting assists event facility operations develop and implement long range plans. This assistance includes recommending mission/purpose statements, identifying short and long range goals objectives, evaluating and recommending strategies to achieve the goals and objectives, and assessing the financial and operational impacts of the strategies.

Market Demand Studies
Markin Consulting assesses existing and projected market demand and community support for proposed projects and expansion plans. Market demand studies include an assessment of market size, user needs, and competitive facilities. We identify and recommend target markets, potential events and activities, probable attendance, and supportable pricing. These studies include detailed assessments of historical, current and potential events and activities.

Master Planning
Following the assessment of market support and community needs, Markin Consulting evaluates and recommends the optimal physical plant program for the project. We recommend size of the facilities, suitable location, amenities, services, and support facilities. These recommendations can entail renovations to existing buildings and infrastructures as well as the construction of new buildings and structures.

Financial Feasibility Studies
Markin Consulting assesses the potential financial performance of the proposed or existing facility by analyzing operating revenues and expenses, the type and number of projected events and price sensitivity. We recommend changes to management policies, organizational structures, and operating policies that improve or enhance the facility's financial performance. Projections of revenues and expenses and economic performance, in aggregate and by profit/cost center, are prepared.

Funding Plans
Markin Consulting evaluates and recommends alternative financing methods, often combining various funding mechanisms that increase the likelihood of the project being successfully completed. Funding mechanisms can include bond financing, tax abatements, lodging taxes, user taxes, special district taxes, public/private ventures, and other solutions. Fund raising opportunities are evaluated, including establishing a foundation, developing community/business partnerships, and other means.

Economic Impact Analysis
The economic and fiscal impacts associated with building and operating public assembly and convention facilities can be the driving force behind the successful completion of the project. Markin Consulting identifies the economic benefits and costs associated with constructing and operating the project, in terms of jobs created, tax revenues generated, and incremental purchases of goods and services.