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The original item was published from 1/26/2016 5:08:13 PM to 1/27/2016 9:21:09 AM.

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City of Hot Springs News Releases

Posted on: January 26, 2016

[ARCHIVED] Board receives findings from performing arts center feasibility study

This afternoon, the Hot Springs Board of Directors heard a presentation from Dan Martin of Market & Feasibility Advisors, LLC (MFA) of Austin, TX and Chicago, IL, the firm that was engaged last year to complete a feasibility study for the development of a performing arts center in Hot Springs, Arkansas. MFA officially released their findings in a 104-page study. In conclusion, the consultants told the board that the project is “market feasible” but not financially feasible.

The primary measure of feasibility is whether the center’s user groups could pay facility-use charges in full in full support of the facility’s operating costs, while a blended source of government and philanthropic support would provide the initial capital development costs.

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