MARKET DEMAND ANALYSIS Destination KP February 6, 2020
MARKET DEMAND ANALYSIS Destination KP Kings Park, New York NP&V No. 99080 Submitted to: Prospect Sports Partners LLC 350 Old Northport Road Kings Park, New York 11754 Suffolk County Industrial Development Agency (IDA) H. Lee Dennison Building, 3rd Floor 100 Veterans Highway P.O. Box 6100 Hauppauge, NY 11788 Submitted by: Nelson, Pope & Voorhis, LLC, Environmental Planning Consultants 572 Walt Whitman Road Melville, New York 11747 Phone: (631) 427-5665 February 6, 2020 Market Demand Analysis Destination KP, Kings Park TABLE OF CONTENTS PAGE TABLE OF CONTENTS i 1.0 INTRODUCTION AND PURPOSE 1 2.0 EXECUTIVE SUMMARY 3 3.0 METHODOLOGY 7 4.0 MARKET FEASIBILITY 8 5.0 REFERENCES 20 ATTACHMENT A – CORRESPONDENCE FROM NASSAU COUNTY DEPARTMENT OF PARKS, RECREATION & MUSEUMS ATTACHMENT B – NELSON, POPE & VOORHIS, LLC ECONOMIC ANALYSIS QUALIFICATIONS Page i MARKET DEMAND ANALYSIS Destination KP Kings Park, New York NP&V No. 99080 Prepared For: Prospect Sports Partners LLC 350 Old Northport Road Kings Park, New York 11754 Suffolk County Industrial Development Agency (IDA) H. Lee Dennison Building, 3rd Floor 100 Veterans Highway P.O. Box 6100 Hauppauge, NY 11788 Prepared By: Nelson, Pope & Voorhis, LLC 572 Walt Whitman Road Melville, New York 11747 (631) 427-5665 Date: February 6, 2020 1.0 INTRODUCTION AND PURPOSE Nelson, Pope & Voorhis, LLC (NP&V) has been requested to prepare a market demand analysis for a mixed-use sports and medical complex known as Destination KP, in Kings Park, New York. NP&V is a professional environmental and planning firm with qualifications and expertise to prepare market feasibility studies, fiscal and economic impact analyses, and has a track record of similar completed projects, as well as residential and commercial market analysis and related economic development services to private and municipal clients.
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