On behalf of the Washington State Department of Commerce, in May 2018 EDH completed an independent review of the build-out and operating feasibility of a $1.7 billion planned expansion of the Washington State Convention Center - located in downtown Seattle. Construction is proceeding as of Summer 2018. When completed in 2021, the nearly 1.5 million square feet facility will add 434,000 square feet of event space - more than doubling the event capacity of the existing convention facility situated one-half block away.
EDH has also completed independent reviews for event facilities of the Spokane Public Facilities District - including expansion of the Spokane Convention Center, renovation of the INB Performing Arts Center and planned new construction of a Spokane indoor Sportsplex project.
EDH often serves as an independent third party reviewer of market and financial feasibility, most often on behalf of public and non-profit organizations involved in major capital facility projects.
In Portland, our due diligence services have involved review of public-private development agreements covering multi-block areas in the City's transformed South Waterfront and Pearl Districts, the renovation of a former armory as the new home of Portland Center Stage, and financial feasibility of affordable and green housing development projects.
Other financial feasibility assessments have involved projects including:
Market and feasibility assessments for mixed use development projects in Portland, Gresham and Beaverton, Oregon - and in Vancouver, Washington
Restructuring of lease arrangements for an existing amphitheater and potential development of a minor league baseball facility in Vancouver, Washington
Repositioning hotel-motel funding for marketing and event/conference facilities in Wenatchee, Washington