It’s easy for people in the real estate community to see a story about possible commercial development in Boise ID and not pay any attention. Those are the people I want to be helping. The (below linked) article reviews how the major university is looking into developing a hotel, retail, and/or additional parking adjacent to its football stadium. Even if you are not in proximity to Boise, chances are you have a stadium or major attraction within your geographic area(s) of concentration.
If so, stories like this one can be very much worth the time and effort. I would begin to track what happens. Will an RFP be issued? What are the requirements for bidders? What is the time frame?
I would make a note to check shortly after the deadline and watch for an award or final decision. Perhaps companies which win a bid will post about their victory and the process they will undergo in order to fulfill. Knowing the how, who, and when could be valuable proof you need to engage in a similar happening in your area.
Being “first in” can bring major advantages along with it. You could have a proposal or business plan prepared and in place before your competitors know to get started. It may be possible to formulate an exclusive deal before others have the chance.
Chances are you don’t have time or personnel to monitor a situation taking place hundreds of miles away as a priority. Meanwhile, you or someone on your team or in your organization is charged with finding your next big deal.
Those are reasons to take one of two paths. You can hire a research specialist for a few hours to confidentially track the activity. Or, you can hire a specialist to show your person or team exactly what they need to do to track such opportunities accurately and privately. (Of course, FIRST IN is available to put either option in place for a competitive hourly rate and including our 34 years of client services!)
Once your plan is in place, the next steps include researching stadiums and attraction venues within proximity of your location or areas of interest. Is there room for development? What features and services are needed? Are there local tax incentives or benefits for new projects?
Upon gathering the information, next comes comparing your answers with your current process and considering the capabilities of your team and connections. While your competitors are struggling to add business, you and your team can easily be “first in” to create it!
(Here is the story: https://www.idahopress.com/blueturfsports/football/university-seeks-proposals-for-east-side-stadium-development/article_ccea7afb-f36a-413f-bc92-9c49d842ebe7.html )
