DePaul University

Chicago,

Arena Feasibility Analysis

In 1995 the university needed an evaluation of the potential for developing a 12,000-seat multi-use arena as a joint venture with the New City YMCA. This facility was envisioned as the centerpiece of an expanded YMCA complex to include indoor and outdoor recreational facilities, along with educational, assembly, and day care spaces. It also was to include a competitive track facility and an outdoor ice hockey arena. The proposed facility was seen as the keystone to a major redevelopment of the Cabrini-Green neighborhood in Chicago, with DePaul, the YMCA, the City of Chicago, and various low-income housing groups as the primary sponsors. DePaul hired B&D, along with HOK Sports Facilities Group, to perform site selection analyses, develop design concepts, assess the market for the arena, and perform financial analyses addressing hard and soft construction costs and the long-term operation of the facility. To date, DePaul University is Brailsford & Dunlavey’s longest-standing active client, having retained the firm for consultation in the development of student housing, a student recreational sports facility, a varsity athletic center, and a student union, as well as development of a comprehensive off-balance sheet financing strategy for its real estate assets. As a result, the university opened the $10 million Sullivan Athletic Center (formerly known as the DePaul Athletic Center) in 2000.