Market Sounding was a critical step for the NASED Project. The findings highlighted in the Market Sounding Report provide valuable insight which will aid in the overall success of the new procurement planned for later this year. The report found that there is market interest in the project; however, there are also concerns regarding NASED’s financial feasibility. A range of other issues and areas of focus or concern were identified, covering matters such as default and termination, operator teaming, site diligence, contractual structure, subsidies, city and legislative risk, State roles, and stadium siting.
The NASED team has been working on developing an updated financial analysis for NASED, as well as further developing its approach to these issues and the request for proposal documentation.
On a different note, watch out for some of the NASED team members at the PBX23, a trade show for Hawaii’s building and design industries. On Wednesday, Sept. 27, we will be presenting on some key features of the project, including on the approach to partnering with the community. Click here to view the PBX23 Schedule of Events.