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Home My WebLink AboutCivic Center Board Presentation Century CenterCIVIC CENTER BOARD OF MANAGERS PRESENTATION May 7, 2026 AGENDA YTD Performance Projects Update Capital Request Century Center Future Discussion 2026 Century Center 2 Q1 PERFORMANCE REVENUE $713,251 FY25 $1,971,586 Adjusted $740,502 EXPENSE $834,294 $1,100,317 $930,233 NET ($124,043) $871,215 ($189,731) 2026 Century Center 3 ROLLING FORECAST (Q2) REVENUE $3,207,079 FY25 $3,903,462 EXPENSE $3,302,447 $4,490,987 NET ($95,368) ($587,525) 2026 Century Center 4 PROJECTS UPDATE 2026 Century Center 5 Item/Vendor Description RATIO Building modification study Landscaping Enhance exterior by June 1 Lighting Building uplighting June 1 Lighting Parking lot lighting –awarded Fragrance Add fragrance to common areas Exhaust Replace exhaust hood –fall Ice machines Replace ice machines Scrubber Replace vacuum/scrubber Compactor Replace compactor Restrooms Replace fixtures Motor Motor replacement HVAC CVAP Replace Grill New flattop grill Smallware Purchase new smallwares Tables New tables Chairs New chairs –August install Security New security system by June 1 Parking New parking pay/gate solution Island Goose Deterrent system MacAllister Preventative maintenance Dodd 4" valve on backflow Enyart 25 units Dodd Replace oil heater in chiller Completed Underway Proposed IMPACT SALES Conferences: ABA, Connect, RCMA, Sports ETA Hosted sales suites Outbound effort EVENTS 30 events – definite (1,710 room nights) 21 events – tentative (895 room nights) 7 events – prospect (990 room nights) CALENDAR Bookings through 2030 Soft through 2026 2026 Century Center 6 CAPITAL REQUEST GOOSE CONTROL Non-lethal, laser solution to control goose movement on the island $17,000 PARKING LOT SOLUTION License plate recognition solution to monetize and control parking lot $50,000 2026 Century Center 7 CENTURY CENTER OPTIONS PRESENTATION ABOUT With the 50th anniversary of the Century Center nearly upon us, numerous efforts have studied expansion options. The purpose of this presentation is to share a range of options from demolition to a significant investment as the board and stakeholders determine the appropriate path forward. 2026 Century Center Options 9 CURRENT IMPACT ECONOMIC IMPACT $13.5M Annually 6,000 to 10,000 hotel room nights generated Lost $3.1M from late 2022 through 2025 OPERATIONS SUBSIDY $1.275M FY18-25 $1.45M FY26 $600,000 toward bonds (2) repayment CAPITAL INFUSION $800,000 for FY26 Averaged approximately $825,000 for FY18-22 2026 Century Center Options 10 CHALLENGES SPACE CONFIGURATION AESTHETIC OPERATIONS COSTS The current configuration is limited in its functionality and available rental spaces for customers. The myriad of bricks present as a cold, rigid, and monotone environment. The building layout results in challenges in servicing more than one client concurrently. Additionally, the Art Museum currently occupies some of the best space in the building. With an aging building that is nearly 50 years old, the design and strategy is less relevant today. Opportunity and reputational costs exceed the real cost of doing business. 2026 Century Center Options 11 OPTIONS DEMOLITION Demolish the Century Center entirely and replace with a new riverfront development MAINTAIN STATUS QUO Continue to subsidize operations and provide capital support to maintain building infrastructure MODERATE INVESTMENT $20 to $30M infusion Updating of entire building In-fill of Great Hall SIGNIFICANT INVESTMENT $100M+ Updating of entire building Add square footage by expanding south 2026 Century Center Options 12 DEMOLITION STATUS QUO CAPITAL INFUSION - MODERATE GREAT HALL IN-FILL 20XX Century Center Investment 16 GREAT HALL IN-FILL 2026 Century Center Options 17 GREAT HALL IN-FILL 20XX Century Center Investment 18 DISCOVERY BALLROOM UPDATES 20XX Century Center Options 19 DISCOVERY BALLROOM UPDATES 20XX Century Center Options 20 DISCOVERY BALLROOM UPDATES 2026 Century Center Options 21 CAPITAL INFUSION - SIGNIFICANT 2026 Century Center Options 23 OTHER CONSIDERATIONS 2 3 MUSEUM OF ART JEFFERSON STREET SOUTH BEND CONVENTION CENTER 2026 Century Center Investment 24 1 DISCUSSION OF OPTIONS DEMOLITION Demolish the Century Center entirely and replace with a new riverfront development MAINTAIN STATUS QUO Continue to subsidize operations and provide capital support to maintain building infrastructure MODERATE INVESTMENT $20 to $30M infusion Updating of entire building In-fill of Great Hall SIGNIFICANT INVESTMENT $100M+ Updating of entire building Add square footage by expanding south 2026 Century Center Options 25 THANK YOU Visit South Bend Mishawaka www.visitsouthbend.com 2026 26