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AlCOM Sioux Falls Events Center, Convention Center, and Arena Demand /Operating and Economic Impact Study - Sioux Falls, South Dakota AECOM Economics recently worked on behalf of the City of Sioux Falls in the planning of its 12,000 -seat Events Center. AECOM prepared a comprehensive demand and economic impact analysis that helped to guide site selection for the new facility. The impact analyses also considered future operations of both the existing Sioux Falls Convention Center and Sioux Falls Arena, as they would be affected by the presence of the new Events Center. We also considered the operations of downtown's Orpheum Theater, which is jointly managed by the Arena manager. Our analysis compared the following at two sites within the city (a downtown site and the location of the current arena and convention center): • Economic and fiscal impacts from facility construction and operations, • The potential for new spinoff development through opportunities for new construction and renovation of surrounding land uses, • Potential operating efficiencies from cc- location with the existing facilities, compared to the downtown site, The effect of the construction project on the sites' immediate surroundings, and • The experience of other arenas located at downtown and non - downtown sites. The impacts were based on forecasts of facility demand and revenues and expenses at both sites, which we also developed in concert with SMG and Global Spectrum, managers of Sioux Falls' existing arena and convention center. The city selected the preferred site based on our study, and local voters approved the project in November 2011.