Case Study

Syracuse Convention Center Hotel Impact Analysis

Syracuse Convention Center Hotel Impact Analysis

Syracuse Convention Center Hotel Impact Analysis Syracuse, New York The County of Onondoga wished to add a hotel component to the Oncenter Convention Complex. The Complex is situated in downtown Syracuse and consists of three adjoining venues that include exhibition space as well as a 1,000-space parking garage. Following a market analysis, the County recognized that a 350-room attached first class hotel facility would aid in the community’s ability to attract competitive events. Mr. Hunden, working for a local developer, provided an economic impact analysis for the project to determine incremental and total benefit that would be generated by events at the facility. A financing model was also studied that explored both public and private financing. The project was re

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