Convention Center Feasibility Study

The City of St. Petersburg is seeking qualified consulting firms to conduct a comprehensive feasibility study for a proposed downtown convention center. This study will evaluate market demand, competitive landscape, facility programming needs, financial viability, and the projected economic impact of the project. The selected consultant will analyze both regional and national event industry trends, engage with stakeholders to identify unmet needs and demand segments, and benchmark innovative convention centers to inform recommendations. Key deliverables include detailed capital cost estimates, an operating pro forma with sensitivity analyses, funding and financing evaluations, and quantification of economic impacts such as visitor spending, tax revenue, and job creation related to construction and ongoing operations. The study will also propose facility requirements including space allocation, infrastructure support, parking, and hotel integration, with an emphasis on adaptability and future growth. In addition to the study scope, proposers are encouraged to demonstrate commitment to engaging diverse subcontractors, including minority, women, veteran, and small business enterprises in the Tampa Bay region, although no minimum participation thresholds apply. The contract process and any awarded agreements will comply with applicable Florida statutes and local government regulations related to public construction, bonding, payments, and warranty obligations. Specific bond arrangements ensure faithful contract performance and prompt payment to suppliers and laborers, providing financial security for the City throughout the project lifecycle. The solicitation is managed by the Economic Development office of St. Petersburg, with responses due by the end of April 2026. Contact points include both the Economic Development Officer and the Procurement Analyst to assist proposers.