News for the Hospitality Executive
Harrison County, Indiana Searching for Conference Center
Developer for Public-private Partnership
CHICAGO, IL, January 29 – Harrison County’s Convention and Visitors Bureau hired Hunden Strategic Partners (HSP) to assist in selecting a development team to develop and construct a hotel and conference center project. This RFP comes after an in-depth market and financial feasibility study and set of recommendations for the project.
HSP is working with Harrison County to conduct the search and review proposals from developers to design and construct a 38,000 square foot conference center and 125-room hotel and related infrastructure, as well as operate one or both facilities. The request for proposal was released January 19th and is available at www.hundenpartners.com.
The County will host a site visit and pre-proposal meeting February 16, followed by a submittal deadline of March 5. Reports and studies performed by HSP and Purdue University for this project are available on HSP’s website.
Given the current state of development financing, the project sponsors recognize that incentives will be necessary to assemble the proper financing package with the top-ranked developer.
“Having worked for many months with the Harrison County CVB and steering committee, they are well aware of the funding challenges for such a project in this environment. However, they have identified options for filling the gap and bringing the project to fruition,” said Rob Hunden, President of Hunden Strategic Partners. “We are confident the project will be financed and built, especially based on the County’s track record of success.”
The project is to be located in downtown Corydon, Indiana – the original state capitol of Indiana. The County’s economy benefits from one of the largest casinos in the state, its natural and physical beauty, quaint downtown, and location approximately 40 minutes west of Louisville, Kentucky.
|Also See:||The City of Amarillo, Texas Searching for a Convention-Hotel Developer for Public-private Partnership / February 2010|