INVESTMENT NEEDED
BUDGET SUMMARY
STRUCTURAL
| 5,000 Square Feet X $225/ per foot | $1,125,000 |
Key considerations:
Museum quality restoration; Existing water damage;
HVAC; lead/asbestos; ADA/elevator; Restroom Facilities
PROGRAM DEVELOPEMENT
| Muster Grounds | $225,000 |
| Revolutionary War Discovery Center Immersive Experience | $650,000 |
| Battle Room | $225,000 |
| Bobby G. Moss Living History | $175,000 |
| Marketing, Branding, & Program Creation | $459,000 |
| First Year Operations | $250,000 |
TOTAL BUDGET: $3,500,000
VISITOR EXPENDITURE PROJECTIONS
| Low | High | |
PROJECTED VISITORS: |
35,000 |
60,000 |
| Low: 35,000 X $12 | = $420,000 |
| High: 60,000 x $12 | = $720,000 |
ANNUAL REVENUE: $420,000-$720,000
CITY OF GAFFNEY ECONOMIC IMPACT
With the use of conservative assumptions concerning visitation and expenditure rates, a preliminary economic impact number can be determined.
THIS ANALYSIS IS BASED ON THE FOLLOWING ASSUMPTIONS:
- The Revolutionary War Discovery Center will be constructed, branded, and marketed in accordance with this plan;
- The Revolutionary War Discovery Center will attract between 5 percent and 10 percent of the approximate 500,000 annual visitors of the nearby Kings Mountain National Military Park and Cowpens Battlefield;
- The Revolutionary War Discovery Center will attract approximately 10,000 visitors independent of other nearby NPS attractions;
- Provided there are no new lodging establishments constructed in Gaffney, an expenditure rate of $12 per person is expected based on food, gas, and retail expenditures; and
- The City of Gaffney will further develop its downtown infrastructure to improve the visitor experience, incorporate additional Southern Campaign thematic elements throughout downtown, and make other investments necessary to encourage small business and entrepreneurship.
