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QCOMPARABLE FACILITIES <br />'� �HeAreer+r, <br />ACADEMY <br />r <br />k-1 <br />E <br />The Arena <br />DRAFT COPY <br />CITY, STATE: <br />Sioux City, IA <br />OWNER: <br />Private <br />OPERATOR: <br />Private <br />YEAR OPENED: <br />2019 <br />FACILITY SIZE (SF): <br />80,000 <br />COST (original, in millions): <br />$13.0 <br />COST (current, in millions): <br />$14.6 <br />COURTS (basketball): <br />5 <br />COURTS (volleyball): <br />5 <br />The Arena is an 80,000-square-foot facility located in Sioux City, Iowa. It <br />opened in 2019 at a cost of $13 million and is owned by Mike Hesse and <br />operated by HCC Enterprises. the Arena was built by remodeling an existing <br />60,000-square-foot retail store into a sports facility. $1.5 million in <br />assistance came from an economic development grant provided by the city. <br />The facility offers five full-size basketball/volleyball courts with 18 basketball <br />hoops with height control, divider curtains and scoreboards. They have an <br />Arena Performance Facility with new equipment, and a certified <br />performance coach-, an Arena Wrestling Academy with new equipment, <br />small group training and tournaments and matches,- as well as an Arena <br />Dance Academy with a hardwood dance studio. <br />Additional amenities include classrooms,- locker rooms-, batting cages,- the <br />Wells Blue Bunny Lounge with flatscreen TVs,- the Scheels Snack Shack with <br />a large selection of food, snacks, and drinks-, the Chesterman's Sports Bar & <br />Grill with a full bar and food menu-, and upper -level mezzanine seating with <br />views of all five courts. <br />The complex focuses on developing young athletes both physically and <br />mentally, looking to build their character, create team players and enrich the <br />community. They also strive to deliver top tier training through elite coaches, <br />trainers and facilities. They try an emphasize two things: affordable <br />programming without sac <br />The Arena hosts leagues, tournaments, clubs, camps and other events for <br />youth baseball, basketball, volleyball, wrestling and dance, as well as fitness <br />classes through the Arena Fit program — all geared toward Siouxland <br />athletes. <br />CSL Feasibility Study of a Potential new Youth and Amateur Sports Complex in Mounds View, Minnesota 9 Page 37 <br />