Colonie Youth Center

Colonie, NY

Community Recreation Center Feasibility Analysis

In 2005 the Colonie Youth Center had developed plans and garnered community support to build the Rudy A. Ciccotti Family Recreation Center.  They engaged B&D to evaluate the demand and prepare a financial feasibility study for the Center’s development.  We performed a demographic analysis and conducted focus group interviews with community members and organizations.  We also did a Web-based community survey and analyzed comparable recreation centers.  A detailed and system-wide financial model was prepared to effectively evaluate the financial feasibility of the project.  Our work uncovered overwhelming support for the center and interest in purchasing memberships.  We projected the facility could yield an approximate income of $3.6 million in its first stabilized year of operation with a likely membership of 3,900.  The $14.8 million, 70,256 SF Ciccotti Center opened in 2006.