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Market
and Financial Feasibility Studies
Although we engage in many different types of projects at OTJM, much of
our work focuses on the feasibility aspects of a project or plan. Feasibility
studies typically involve an analysis of the potential market support
for a project and an evaluation of the potential of an attraction both
in terms of attendance and break even operations.
Examples
of recent feasiblity studies include:
Northwest Waters Aquarium: Tacoma, WA - We
recently completed an evaluation of the potential to develop a major aquarium
along the Thea Foss Waterway in Tacoma, Washington. This work was undertaken
to evaluate the market potential for a downtown aquarium location. The
project would be developed by a civic leadership group, however, the Point
Defiance Zoo and Aquarium, which is currently owned by the metropolitan
Park District, but operated by the non-profit Zoological Society, would
assume operation of the Aquarium. This study also included alternative
site analyses.
Community Arts Center Feasibility: Quincy, MA - For the Quincy 2000 Corporation, the Office of Thomas J. Martin provided advice on market, financial and organizational issues to guide the redevelopment of a downtown building for use as a not-for-profit multi-purpose arts building. Uses include artists' studios, arts college classes, office space for arts-related businesses, gallery and a performing arts venue. Market analysis, tenant mix, creative financing, operating pro formas and organizational structure were analyzed.
Market
and Financial Feasibility Studies
| Development Strategies |
Economic Impact Evaluations
Project Implementation
| Management and Operational Analysis