Case Study

Newport Aquarium Expansion Study

Newport Aquarium Expansion Study

Newport Aquarium Expansion Study Newport, Kentucky Mr. Hunden led the evaluation of the application for the Kentucky Tourism Development Act tax incentive program to develop an expansion to the Newport Aquarium. The Newport Aquarium is one of the few large privately owned and operated aquariums in the U.S. and the initial development was made possible by the KTDA. Mr. Hunden led the developer interviews, market analysis, financial modeling and impact modeling. After the developers determined not to pursue the full KTDA process for the expansion, Mr. Hunden tailored the research into a report that the developer was able to use to pursue private financing. This included a full aquarium industry analysis on historical operations and future performance projections. Also analyzed w

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