Bryan city council approves an interlocal agreement with Texas A&M for an indoor tennis center
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Bryan city council approves an interlocal agreement with Texas A&M for an indoor tennis center
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Description
This podcast contains comments from the July 31, 2023 special meeting of the Bryan city council, followed by a visit with Texas A&M athletic director Ross Bjork and WTAW's Bill...
show moreThree years in the making, the Bryan city council approves a 30 year interlocal agreement (ILA) with Texas A&M that will bring an indoor tennis center to Midtown Park.
Click HERE to read background information from a July 31, 2023 special meeting of the Bryan city council.Click HERE to read and download the interlocal agreement that was approved during the July 31, 2023 Bryan council special meeting.
The two story building would hold six tennis courts that could also accommodate 12 pickleball courts and six volleyball courts.
The ILA calls for A&M paying the city up to $675,000 dollars a year to operate and maintain the center that would be located between Big Shots and the Legends Events Center.
A financial analysis of the tennis center cites a cost of $17.5 million dollars to build and equip the facility.The center is projected to generate a net profit in its first year of almost $37,000 dollars, climbing to almost $58,000 dollars in its fifth year of operation.
The center is projected to produce an economic impact of almost $3 million dollars in its first year, climbing to $4.4 million in its fifth year.
Part of the economic impact formula is additional hotel room nights. The center is projected to generate 7,333 additional room nights in year one, climbing to 9,630 room nights in year five.
Click HERE to read and download the financial analysis of the tennis center that was presented during the July 31, 2023 Bryan council special meeting.
After the ILA is signed, construction is expected to be completed in two years.
Information
| Author | Bryan Broadcasting |
| Organization | Bryan Broadcasting |
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