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Home My WebLink AboutCivic Center Board Presentation 827261 Century Center Presentation Visit South Bend Mishawaka August 27, 2026 2 Energy Bond (2031) $221,437 Operating $1,450,000 Capital $250,000 Hotel Motel Tax Board – Allocation Request 3 FY27 Budget Request – Century Center Account Description 2025 2026 2027 37013 CC Lease – (Energy Savings) $221,437 $221,437 $221,437 38529 CC – Debt Service $385,000 $385,000 $0 39265 CC – Operations $1,275,000 $1,450,000 $1,450,000 42010 CC – Building & Grounds $100,000 $800,000 $250,000 4 Budget Detail P&L 2026 2027 Proposed Revenue $3,358,086 $3,440,131 Expense $3,414,199 $3,428,857 Net ($56,113)$11,274 P&L 2026 YTD (June 30) Revenue $1,685,994 Expense $1,629,506 Net $56,488 2025 YTD ($280,274) Notes A.Conservative on revenue. 1.Increase in parking revenue ($200,000 gross) due to automation. 2.Within 20 events of total event calendar for 2026. B.Expense realization. 1.Snow removal: $75,000. 2.Utilities increase. C.Controlling costs. 1.City IT cost. 2.Broadband internet - $22,000. 3.Labor savings – parking, FTEs. 4.VSBM management. D.Rolling forecast / budget. Economic Impact: $15,700,000 Room Nights: 6,000 Jobs Supported: 168 YOY Tax Board Savings: $935,000 7 484,001 Demand Down 5% 55% Occupancy STR Data Points Through June Up 11% $129.24 Average Daily Rate Down 5% 8 Through June State Data Occupancy 58% ADR $127 Demand Growth 3% Through June Select 15 Properties Demand Growth -5% ADR +10% YOY $165 Occupancy (-2% YOY) 61% Occupancy Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2016 42.1 50.9 52.7 60.9 59.9 69.7 72.2 65.1 64.8 61.2 55.9 42.9 58.2 2017 47.0 56.4 56.9 56.6 62.4 72.3 71.2 65.6 64.8 58.7 53.7 40.4 58.8 2018 41.4 51.2 50.6 53.7 57.0 68.3 69.5 68.1 62.2 58.9 47.5 41.0 55.8 2019 40.7 46.5 49.8 53.6 54.6 64.9 66.1 60.2 61.1 56.3 52.6 39.7 53.8 2020 42.5 48.4 31.1 23.3 31.2 36.5 45.9 46.4 41.9 41.6 38.2 32.4 38.3 2021 37.8 41.3 51.8 53.3 56.6 58.2 62.7 61.8 59.0 59.7 52.0 42.8 53.1 2022 41.8 48.1 49.2 53.1 57.3 61.1 64.9 61.6 66.0 52.7 48.5 37.7 53.5 2023 38.4 45.2 49.5 48.3 51.9 59.9 63.6 59.8 60.8 48.9 44.5 36.1 50.6 2024 36.3 42.9 45.8 51.5 53.1 58.8 64.6 61.1 58.4 52.9 52.8 42.4 51.7 2025 45.4 52.0 58.1 60.9 62.4 67.9 70.4 67.0 66.8 63.4 54.8 40.4 59.1 2026 42.8 48.7 53.2 57.4 59.7 69.8 50.5 9 4,300 Room Nights Century Center Through July Up 11% $28,456 Forecasted Yearend Item Description Landscaping Enhance exterior Lighting Building uplighting Lighting Parking lot lighting Fragrance Add fragrance to common areas Exhaust Replace exhaust hood 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 Security New security system Parking New parking pay/gate solution Island Goose Deterrent system Projects 11 New Website 12 Questions