Events Center Eyed In Town Of WatertownPosted: Updated:
The town of Watertown is studying plans for a large indoor athletic facility and convention center.
A financial impact statement was completed recently, sources say, and it favors moving forward with the project.
An earlier study -- called a Go/No-Go study -- completed in December by consultant Venue Strategies indicated there was enough demand for the project for it to make money.
The financial impact study followed to confirm the results of the Go/No-Go.
Town officials are expected to formally announce the results of that study in the next month.
The preliminary study outlines a facility in three possible sizes, 136,000, 177,000 and 205,000 square feet.
It would include indoor space for baseball, softball, lacrosse, and football with enough room for playing three games at the same time.
There would also be basketball courts, an indoor track, and space for concerts, trade shows, conventions, and meetings.
The early study estimates the facility could make between $2 million and $4 million a year depending on its size.
Cost estimates are $17.7 million for the smallest size, nearly $25 million for the middle one, and $30.7 million for the largest.
It would be paid for using both public and private financing - again, according to the early Go/No Go report.
One of our sources was interviewed at length about the proposed project within the past three months.
No one would say for the record where the facility will be built.
Town Supervisor Joel Bartlett declined comment.