$18M
Phase 1 Investment
130+
Permanent Jobs
30K
Sq Ft Convention Center (6 Floors)
$20-25M
Annual Economic Impact
Proposal Overview
Comprehensive details about the project scope, financials, and implementation
Executive Summary
Overview of the Convention & Workforce Innovation Center and key benefits
- $18M investment
- $20-25M economic impact
- 130+ permanent jobs
- Mixed-use development
Development Components
Comprehensive facility specifications and amenities
- 30,000 sq ft convention center
- 35 residential units
- 30-40 business suites
- Food courts & retail
Financial Overview
Revenue projections and funding structure
- $5.9M-$13.3M annual revenue
- Multiple revenue streams
- Public-private partnership
- Federal/state grants
Implementation Plan
Project timeline, phases, and development milestones
- Phase 1: $18M
- Phased development
- CareerSource site
- Community programs
Development Features
World-Class Facilities
The center combines multiple revenue-generating components into a cohesive, 24/7 active campus that serves the community while generating sustainable income.
- 30,000 sq. ft. multi-use convention and event facility spanning 6 floors
- 5-floor parking garage with ample parking for events and residents
- 15 retail store spaces for local businesses and entrepreneurs
- 35 residential units for professionals and families
- Indoor & outdoor food courts with 12-15 vendor spaces
- Youth Innovation Hub for STEM, esports, and entrepreneurship
- Outdoor Family Plaza for markets and community events
- CareerSource Legacy Hub for job training programs
Revenue Streams
Projected annual revenue by source
Event & Convention Operations$3.0M - $8.0M
Food Court & Retail (15 stores)$1.2M - $2.5M
Residential Rentals (35 Units)$630K - $875K
Parking Garage Revenue$200K - $400K
Total Annual Revenue$5.9M - $13.3M
Community Programs
CareerSource Legacy Hub - Job training & placement
OSES Junior Event & Safety Academy - Youth internships
Youth Innovation Hub - STEM, robotics, esports programs
Future Leaders Pavilion - Arts & performance programs
Partnership Model
Public-Private Partnership
The City of Oakland Park benefits from tax revenue, community revitalization, and national visibility without bearing ownership risk
City Participation
Facilitating property transition or long-term lease
Supporting zoning and permitting
Sponsoring state and federal funding applications
Infrastructure and streetscape improvements
Marketing as part of cultural redevelopment plan
Funding Structure
Private Equity (Jack Cannon)$8M - $10M
City / CRA Support$2M - $3M
Federal / State Grants$3M - $5M
County Tourism / Workforce$1M
Corporate / Foundation$500K - $1M
Total Phase 1$18M