CSL was hired by the Lincoln Chamber of Commerce to provide a comprehensive feasibility study for a potential new arena and convention center. Given the development of new state-of-the-art convention center and arena complexes in nearby Omaha and Council Bluffs, along with limitations in existing Lincoln area facilities (such as Pershing Auditorium and the Cornhusker Conference Center), the Lincoln Chamber was interested in a timely evaluation of the need for new or expanded/improved facilities to serve the community.
Specific project tasks included market demand and event analysis, building program analysis, site/location analysis, facility cost analysis, financial operations analysis, economic and fiscal impact analysis, funding alternatives analysis and the development of a community support strategy.
The results of the study included potential facility and site/location recommendations, estimated costs and a range of development options, based on potential market and financial feasibility.
The 16,000-seat Pinnacle Bank Arena opened in 2013 at a cost of $181 million.