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HomeMy WebLinkAboutResolution 22-25RECORD OF RESOLUTIONS BARRETT BROTHERS - DAYTON, OHIO Form 6301 Resolution No.__22-25 Passed , ADOPTING THE HOLIDAY MARKET FEASIBILITY STUDY FINAL REPORT WHEREAS, Dublin City Council has adopted a goal to reimagine and launch Dublin’s Community Events Program; and WHEREAS, this is further defined to develop a connected, comprehensive, and fiscally sustainable vision driving celebrations, engagement and entertainment by implementing the local and regional community events program and management roadmap; and WHEREAS, the City has commissioned Town Square to complete a report to study the feasibility of launching a holiday market in Dublin; and WHEREAS, Town Square has completed the final report of the Holiday Market Feasibility Study, which includes feedback from City Council received at various points throughout the development of the final report. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin, State of Ohio, “1 __ of the elected members concurring, that: Section 1. The Holiday Market Feasibility Study Final Report is hereby adopted, attached as Exhibit A. Section 2. This Resolution shall take effect upon passage in accordance with Section 4.04(a) of the Revised Charter. Passed this [7 day of W ec. , 2025. MA. S— Mayor — Presiding Officer Attest: Clerk/ of Coufcil To: Members of Dublin City Council From: Megan D. O’Callaghan, P.E., City Manager Date: March 11, 2025 Initiated By: Emily Goliver, Operations Administrator/Sustainability Re: Resolution 22-25 – Adopting the Holiday Market Feasibility Study Final Report Background At the March 3, 2025, City Council meeting, Town Square and Staff presented the final report for the Holiday Market Feasibility Study. Council responded to the following questions from Staff: • Does Council have feedback or questions regarding the pro forma? • Is Council supportive of the conceptual timeline? • Does Council have feedback or questions regarding the Holiday Market Feasibility Study final report? The materials from that meeting are attached for reference. In response to a Council question regarding whether $50,000 is enough to allocate for décor of the market, the final report was amended to read “the décor costs listed in the pro forma are in addition to the existing investment the City makes into decorations in Riverside Crossing Park. The Operator will be responsible for annual décor specific to the market while the City will continue to invest in the existing decorations at Riverside Crossing Park.” To encourage creative thinking from potential operators and entice them to participate in the Dublin Holiday Market, the Operator Scope of Service was updated to include a bullet point that reads, “demonstrated expertise in developing a distinctive and engaging identity tailored specifically to Dublin for the Market.” Finally, Council expressed a desire to use the Request for Proposal to ensure that the future Holiday Market will be of high quality and considered among the best. In addition to the amendments referenced above, there were minor grammatical edits to the final report since Council reviewed it at the March 3 meeting. Recommendation Staff recommends that City Council approve Resolution 22-25 adopting the Holiday Market Feasibility Study Final Report. Office of the City Manager 5555 Perimeter Drive • Dublin, OH 43017 Phone: 614.410.4400 Memo Holiday Market Feasibility Study and Market Manual For a Potential Holiday Market in Dublin, Ohio Submitted by Town Square February 13, 2025 2 In July of 2024, the City of Dublin hired Town Square to look at the feasibility of creating a “European-style” Holiday Market in Dublin, Ohio. The City already plays host to several high-quality short- and long-term events throughout the year, including the Dublin Irish Festival, the Memorial Tournament, the Dublin Market, and the St. Patrick’s Day Parade. The following report is Town Square’s suggestions and next steps for creating a Holiday Market of similar quality–another arrow in Dublin’s ever-expanding quiver of signature events. 3 Executive Summary In furtherance of City Council’s goal to Develop Dublin’s “Destination of Choice” Next Generation Community Events Vision, the City issued a Request for Proposals for a consultant to conduct a Holiday Market Feasibility Study. As part of the project initiation, Town Square visited Dublin Oct. 1 and 2 to explore potential locations for a market and interview key stakeholders, including partner organizations, City staff members, and Council Members. Public input was also solicited to prioritize activities at a potential holiday market. This report will outline recommendations for a Holiday Market for the City of Dublin, Ohio, with the goals of fostering a community spirit, providing a quality destination for “something to do” in the colder months of the year, celebrating the cultures of Dublin and sustaining the economic activity of Downtown Dublin, particularly related to hotels and restaurants patronage. In summary, the feasibility study found that: ● A holiday market in Dublin, Ohio would be another successful annual event that the city and its residents would be proud of, and would benefit from, both civically and financially ● A third-party operator should be hired to establish, administer, and expand the annual Market. The city should have both input and oversight into such key areas as budgeting, aesthetics, vendor selection, and promotional activities ● The City of Dublin should locate the Market at Riverside Crossing Park, with the award- winning Dublin Link Pedestrian Bridge as a backdrop ● The City of Dublin should target a launch date of early December 2026 as its first market season, with approximately 50 vendors (both local and national) participating ● The City of Dublin should allocate funds in its budget for Market-related expenses to be covered by the City 4 Table of Contents Part 1: Feasibility Report on a Holiday Market for Dublin, Ohio 1. Overview 2. Market Types 3. Market Location and Layout 4. Market Size and Duration 5. Market Design and Operations 6. Market Activities 7. Market Administration Models 8. Market Pro Forma 9. Operator Selection 10. Scope of Services for Operator Part 2: The Market Management Manual 1. Overview 2. Establishment of an Executive Search Committee for an Appropriate Operator 3. Responsibilities for Operator: To Be Included in Both the RFP and Operator Contract 4. City of Dublin's Responsibilities to Support the Operator of the Holiday Market 5. Yearly Calendar of Operations 6. Market Design and Decor 7. Vendor Selection 8. How To Create and Execute Sponsorship Opportunities at the Dublin Holiday Market 9. Marketing, Social Media and Signage 10. Exhibits Part 3: Next Steps 1. Approval from City Council on the proposed timeline and initial budget 2. Complete a Request for Proposals (RFP) to identify and evaluate potential Holiday Market operators 3. Execute a contract with the selected operator that details the expectations and responsibilities of both parties 4. Initiation of Rolling Calendar for Market planning and execution 5 Part 1: Feasibility Report on a Holiday Market for Dublin, Ohio 6 What is a Holiday Market and Why Do Cities Have Them? The Holiday Market is a thousand-year-old concept, dating back to at least 1296, when Duke Albert I of Austria permitted a group of Viennese traders to create a “December Market.” A hundred years later, King Wenceslas got into the act, granting the town of Bautzen rights to create a Saturday meat market between September and December of each year. The idea of a market itself goes back even further–another thousand years, in fact—to the Greek “agora,” especially its most famous example in Athens. While it was a place for citizens to go to hear announcements, sign up for military service, and discuss politics, it also swiftly became a place for retail activity, especially as each trade had its own quarter in the agora. By the 18th and 19th centuries, the most famous Christmas markets were centered in Europe, particularly in Germany and Austria, where vendors sold Christmas-themed toys and other items. Today, there are holiday markets worldwide, from Australia to South America and many across the United States, including three major markets in New York City alone. In Ohio, the Cincinnati Christkindlmarkt at Moerlein Lager House is perhaps the closest traditional Holiday Market to Dublin. Markets remain incredibly popular. They’re a way for families, especially when the days are short and the nights are cold in the Northern Hemisphere, to leave the house and have a shared experience with their neighbors and community. It’s a way for local vendors and craftspeople to connect with their customers, a way for cities to provide memorable experiences for the community and foment additional economic activity. It’s also a way for humanity, in general, to come together during the holiday season, which itself is based on ancient observances of the winter solstice. 7 Market Types Markets can be as different from each other as cultures and countries can be. In Germany, Austria and France, traditional “Christmas” markets are the norm and have been running for hundreds of years. In America, many markets are billed as “holiday” markets, though all of them have plenty of Christmas-themed wares for sale, in addition to foods and crafts from across the cultural spectrum. Some markets in America, such as the Cincinnati market, are branded as “Christkindlmarkts” to hearken back to the market’s German roots, with Alpine chalet-style booths and a focus on German foods and products. Other markets provide a more modern take, choosing contemporary, minimalistic or eclectic booth designs. The goal is the same in every case: to provide locals, commuters and visitors with a memorable experience that they can look forward to on an annual basis. 8 Market Location and Layout Markets tend to be in intimate, surprisingly small geographic areas, allowing many stalls to be placed cheek-by-jowl to each other. While this seemingly creates unwanted crowding, it tends to provide additional warmth and intimacy for vendors and visitors alike, as well as cohesiveness and help with visibility and security. In early October 2024, Town Square visited Dublin to survey potential locations for the Holiday Market, including Bridge Park, Riverside Crossing Park, Coffman Park, the Darby Lot, the Columbus Metropolitan Library — Dublin Branch, Bri/Hi Square and other pocket spaces. 9 While each site has pros and cons, Riverside Crossing Park is the best location for an initial Market. It has the following advantages: ● Its central location within Dublin, bridging both Historic Dublin on the west side of Scioto River and the more modern developments on the east side of the river ● High visibility, foot traffic and iconic views ● The availability of existing public bathrooms, “back-end” storage space and shelter via the Pavilion within the park ● The amount of “hardscape” that can easily provide a base for dozens of booths without having to create a temporary substrate over open lawns ● The proximity to the seasonal skating rink that operates within Riverside Crossing Park provides a built-in audience for the Market ● The ability to expand to additional areas, aligned with the updated Riverside Crossing Master Plan ● The lawn north of the location of the skating rink could be used in future years to stage additional booths and activities for the Market ● Can serve as a central hub for future nodal Markets throughout the downtown area The initial Market should be centered around the Pavilion and Ice Rink within Riverside Crossing Park. This will create an intimate feel while also (once folks are within the Market) making it seem larger and more “maze-like”, providing an opportunity for patrons to meander through the Market than if it is spread out over a larger geographic area. Two Conceptual Site Plans (Exhibits 1 and 2) at the end of this report show both initial (40-60 vendors) and expanded (100+) vendor set-ups within Riverside Crossing Park. 10 Market Size and Duration The initial Market should operate a minimum of 20 days between Thanksgiving and Christmas, with Thursdays and Fridays operating between 3 p.m. and 8 p.m. (9 p.m. if business is strong), and Saturday and Sunday operating between 11 a.m. and 9 p.m. This initial length will give the Market time to be visible to all comers and give vendors a reasonable stretch of time to sell their wares and create a “buzz.” Alternatively, given that children are off from school in Dublin during the week following New Year’s, the Market can run for the first full week of January, increasing the total number of days to 28. This will make the Market schedule consistent with the Columbus Zoo Wildlights. The Operator should be involved in this decision given that vendor availability may vary after Christmas. If the Market is successful, in future years, the Market could operate seven days a week and start earlier in the season or even stretch after Christmas itself for more total days and additional total hours. A minimum of 40 booths is recommended for the first year, with a target of 50 vendor booths to be occupied between a variety of food and non-food vendors, of which at least 15-20 would be sourced from the local Dublin/Columbus area. This should include a mix of jewelry, toys, handcrafted goods, mass-produced products and simple food options where booths sell a limited number of well-executed consumable items per booth. As with the duration of the Market itself, in future years, the Market can expand to well over 100 booths, which would necessitate additional restrooms and power but also give the Market a larger stage to increase its installations, types of areas (for example, a kids’ play area could be introduced), a stage for performances, and expansion beyond Riverside Crossing Park itself–specifically, by bridging the gap between “old” and “new” Dublin by extending Market booths and activities to Historic Dublin. 11 Market Design and Operations The City of Dublin should work with its Operator to develop a traditional Market design, nodding toward Dublin’s German roots and leaning toward cleaner and more refined, rather than cluttered and heavily adorned, characteristic of Dublin’s aesthetics. To achieve this, there will be a design process to develop the look and feel with the Operator. The booths could be wood chalet-style with more neutral or sophisticated colors or contemporary, modular booths heavy on traditional detailing and festive decor. Warm lighting and a multisensory approach can be employed throughout the Market to keep people engaged and bring life to the area. For visual guidelines, see “A Vision of Dublin’s Holiday Market” in the Exhibits. Some additional creative considerations would be: ● ‘Retail facing retail’ whenever possible, to create corridors that allow two sets of shoppers to experience the Market, increasing the “cozy” factor of the Market, providing “pathways” for shoppers to follow and giving folks a sense of safety and security ● No, or very few, disconnected booths that sit out in space. Booths should at least be in clusters so that the feeling is one of connectivity and engagement ● The five senses should be engaged— there should be music (both live and pre-recorded), aromas from the food vendors, engaging sights, especially via effective merchandising that engages and invites passersby and plenty of items you can touch and feel ● Different areas can be delineated. For example, the food vendors could all be together ● Clear signage, spatial organization and communication throughout the Market ● High quality: Booths should be kept in very good condition. For example, there should be no panel gaps, unfinished surfaces, messy wires, visible or disorganized back-of-house stuff, or unprofessional signage. The City should supply a list of guidelines to the Operator, and the Operator should supply a list of guidelines to vendors. ● Clean and well organized: There should be enough well-maintained restroom facilities and plenty of refuse, recycling and compost bins. All vendors should be trained to have their booths open and staffed during Market hours, with appropriate penalties if they fail to adhere to their vendor contracts. 12 Market Activities Besides the activities of the Market itself (buying and selling items, preparing and consuming food and drink), the City of Dublin has the option of drawing in the greater athletic, nonprofit, and artistic communities to the Market by working with groups to provide any (or all) of the below additional activities: ● Ice skating rink - potentially expand its size and operating hours in future years ● Sledding/snowman-making/snow sculpture activities if possible ● Races, mazes, and/or other activities for children to participate in ● Non-profit organization food and clothing drives and/or other community benefit activities ● Pavilion for holiday arts and crafts for both children and adults sponsored by local arts education groups ● Live music provided by local choir/chorus groups or other local acts ● Art and/or light installations provided by local artists ● “Photo op” areas for social media platforms ● Special events: Concerts, crafting, ice skating, tree lighting, and other events would be timed to fit within Market operating hours to create additional buzz (and attendance) at the Market ● Include a variety of activities and areas of respite so that the Market is exciting and comfortable for a large cross-section of visitors of different interests and ages. The wider the range of activities provided, the longer people will likely stay. 13 Market Administration Models As discussed at the November 12, 2024 City Council Work Session, Dublin has options when it comes to the Holiday Market: 1. 100% City-Run: City of Dublin fully operates the market 2. City hires a for-profit market manager: City contracts a private firm to operate for a fixed fee, and pays all costs, including capital, keeps all revenues 3. City invests in capital + hires for-profit operator: City invests in capital (décor and booths), Operator incurs all operational expenses and keeps all or a portion of revenues (concession model) 4. 100% For-profit operator: City hires an Operator; Operator pays a fee to the City, incurs all capital & operating expenses, and keeps all revenue (concession model) While each of these models has its pluses and minuses, City Council determined Option 3 to be the best fit. Under this model, the Operator could either pay the city a fee for operating the Market and collecting revenues or, depending on the final form of agreement with the operator, pay the city a percentage of Market revenues as a revenue share or operating fee. In this option, the following benefits would exist for both the City and its eventual operator: ● Eliminates capital risk for the operator ● Allows lower initial rent for vendors ● The City retains control of overall investment in decor and aesthetics ● The City will recoup initial investment faster as money will flow back to it in the form of revenue share/operating fees paid to it ● The Operator will be responsible for installation and take-down, POS (point-of-sale) payment functionality, daily operations such as security and sanitation, marketing, snow removal and customer service 14 Market Pro Forma The following pages include an overall Market pro forma, including an initial investment in décor and chalet-style booths, followed by a proposal for sharing revenues and expenses between the City and its Operator. The pro forma assumes a market composed of 32 “small” and 8 “large” booths at inception, expanding over time to 60 “small” and 16 “large” by year 5. The proposed pattern of sharing revenues and expenses would be as follows: The City pays for all upfront structures (booths) and décor costs. The décor costs listed in the pro forma are in addition to the existing investment the City makes into decorations in Riverside Crossing Park. The Operator will be responsible for annual décor specific to the market while the City will continue to invest in the existing decorations at Riverside Crossing Park. The City will receive a fee from the Operator and benefit from any indirect revenues linked to increased visitation to its Downtown (such as an increase in hotel tax revenues based on a 4% increase in room occupancy). The Operator will be responsible for generating the direct revenues for the event, including sponsorship and rental revenues, which they will share a percentage of with the City. The increase in Hotel/Motel Tax revenue is based on the assumption that the City currently has an inventory of 2,400 rooms and an occupancy rate of 48.4% during the time of the Market. The Market’s impact is estimated to result in a 4% increase in the occupancy rate to 52.4% for 30 days or 2,880 total new nights booked. The estimated revenue in the pro forma is based on a $115 average daily rate and a 6% excise tax on overnight stays. Occupancy will increase in later years as more hotels come online and the Market generates additional traction. To incentivize participation, the Operator should be exempt from paying the City’s revenue share in year 1 and pay a gradually escalating percentage of revenues in the following years, reaching 15% in year 5 (7.5% in year 2, 10% in year 3, and 12.5% in year 4). The Operator will be responsible for costs associated with City staffing, currently estimated at four police officers, a supervisor and a cruiser. These costs are allocated in the pro forma based on data supplied by the City but weighed at 66% of the total in year 1, and stable in the following years, based on Town Square’s experience with police staffing needs at other holiday markets. The Operator will be responsible for all other costs and keep all rent, sponsorship and rental revenues. The Operator will also be responsible for necessary services (security and/or sanitation) which might be specified to guarantee the quality of the event at its inception. Overall Market Pro-Forma 15 Budget Summary Pre-Opening Year 1 Year 2 Year 3 Year 4 Year 5 Earned Income Vendor Rent Small Booth 0 $144,000 $190,000 $253,000 $338,000 $420,000 Vendor Rent Large Booth 0 $44,000 $62,500 $84,000 $105,000 $132,000 Corporate Sponsor 0 $25,000 $25,000 $25,000 $35,000 $45,000 Event Rentals 0 $2,500 $5,000 $7,500 $10,000 $10,000 Hotel Tax Increase 0 $20,000 $28,800 $31,000 $33,500 $35,000 Total Earned Income $0 $235,500 $311,300 $400,500 $521,500 $642,000 Operating Expenses Booth Install $10,000 $12,000 $14,500 $16,500 $19,000 City Services $49,948 $49,948 $49,948 $49,948 $49,948 Electrical $80,000 $84,000 $88,200 $92,610 $97,241 Security $25,000 $25,750 $26,523 $27,318 $28,138 Sanitation $35,000 $36,050 $37,132 $38,245 $39,393 Decor (Annual) $50,000 $15,000 $20,000 $25,000 $30,000 $35,000 Marketing $25,000 $25,750 $26,523 $27,318 $28,138 New Booths $481,800 0 $80,000 $80,000 $80,000 $100,000 Storage 5,000 $6,000 $6,500 $7,000 $7,500 Total Expenses $531,800 $244,948 $339,498 $354,326 $368,939 $404,358 Net -$531,800 -$9,448 -$28,198 $46,174 $152,561 $237,642 Supporting Data Year 1 Year 2 Year 3 Year 4 Year 5 # Small Booths 32 38 46 52 60 # Large Booths 8 10 12 14 16 Estimated Rent Small Booth 4,500 5,000 5,500 6,500 7,000 Estimated Rent Large Booth 5,500 6,250 7,000 7,500 8,250 City Market Income and Expenses 16 Budget Summary Pre-Opening Year 1 Year 2 Year 3 Year 4 Year 5 Earned Income Operator Fee to the City as % n/a n/a 7.50% 10.00% 12.50% 15.00% Operator Fee to City 0 0 $21,188 $36,950 $61,000 $91,050 Hotel Tax Increase 0 $20,160 $28,800 $31,000 $33,500 $35,000 Total Earned Income $0 $20,160 $49,988 $67,950 $94,500 $126,050 Operating Expenses New Booths $481,800 0 $80,000 $80,000 $80,000 $100,000 Decor $50,000 0 0 0 0 0 Total Expenses $531,800 $0 $80,000 $80,000 $80,000 $100,000 Annual Net -$531,800 $20,160 -$30,013 -$12,050 $14,500 $26,050 5 Year Gross Expenses -$531,800 -$531,800 -$611,800 -$691,800 -$771,800 -$871,800 5 Year Gross Income $0 $20,160 $70,148 $138,098 $232,598 $358,648 5 Year Net (Including Pre- Opening) -$531,800 -$511,640 -$541,653 -$553,703 -$539,203 -$513,153 Assuming capital investment in new booths ends in year 5, the City’s net return will increase to $230,000 in year 6. The City will break even and repay all capital costs in year 8. Year 8 will be the year the city starts earning money on this project. The City’s total 5-Year net is -$513,153. This is because of an initial investment of $531,800, a total income of $358,648 and ongoing capital investment for additional new booths over the five seasons of operation of $340,000. This scenario is a product of the City Council’s favorable view of expanding the Market over time and reflects investment annually into the capital cost, rather than two one-time investments in years 1 and 5. 17 Operator Pro Forma Budget Summary Pre-Opening Year 1 Year 2 Year 3 Year 4 Year 5 Earned Income Vendor Rent Small Booth $144,000 $190,000 $253,000 $338,000 $420,000 Vendor Rent Large Booth $44,000 $62,500 $84,000 $105,000 $132,000 Corporate Sponsor $25,000 $25,000 $25,000 $35,000 $45,000 Event Rentals $2,500 $5,000 $7,500 $10,000 $10,000 Total Earned Income $215,500 $282,500 $369,500 $488,000 $607,000 Operating Expenses Operator Fee to City 0 $21,188 $36,950 $61,000 $91,050 Booth Install $10,000 $12,000 $14,500 $16,500 $19,000 City Services $49,948 $49,948 $49,948 $49,948 $49,948 Electrical $80,000 $84,000 $88,200 $92,610 $97,241 Security $25,000 $25,750 $26,523 $27,318 $28,138 Sanitation $35,000 $36,050 $37,132 $38,245 $39,393 Decor (Annual) $15,000 $20,000 $25,000 $30,000 $35,000 Marketing $25,000 $25,750 $26,523 $27,318 $28,138 Storage $5,000 $6,000 $6,500 $7,000 $7,500 Total Expenses $244,948 $280,686 $311,275 $349,940 $395,407 Net -$29,448 $1,815 $58,226 $138,060 $211,593 18 Operator Selection The City should leverage the existing committee formed to find a feasibility study consultant and establish a search committee to source an Operator. This committee would: ● Identify at least five separate operators who have an interest in running the Market ● Issue a Request for Proposal (RFP) containing substantive information on market length, size, location and design specifications, so that the Operator can produce a comprehensive bid to the City ● Assess RFP responses and interview potential finalists, including asking for finalists to present their final proposal in presentation form to the Committee ● Make a final recommendation to City Council as to which operator would be the best candidate for operating the Market The City would then: ● Negotiate a cost-sharing agreement with the Operator ● Provide a framework for and execute a contract with the Operator Operator Scope of Services The Operator should have the following capabilities and experience: ● Proven track record of operating at least two other markets of similar size and duration ● Ability to deal with all set-up and take-down challenges of the Market, including any construction, plumbing, electrical and sanitation issues ● Ability to run all day-to-day operations of the Market, including security, sanitation, snow removal, vendor relations, customer relations and social media ● Ability to source a wide range of vendors from both within the chosen pool of local vendors (with an initial list provided by the City), plus regional, national and international vendors as determined jointly by the operator and the City ● Experience with sourcing additional direct income through sponsorships or event rentals is a plus ● Demonstrated expertise in developing a distinctive and engaging identity tailored specifically to Dublin for the Market 19 Part 2: The Market Management Manual 20 Overview The following sections are meant to be a chronological, step-by-step guide to setting up the Dublin Holiday Market based on the recommendations in the Feasibility Report. If the management model changes, some of the content below will need to be revised, but many sections will still be relevant in any model. Establishment of a Search Committee for an Operator The City of Dublin should pursue a “hybrid model” when searching for and ultimately contracting with an Operator to run its Holiday Market. This hybrid approach would allow the City to be involved in the creation of all aspects of the Market while delegating day-to-day responsibilities of the Market to an Operator. The City should leverage the existing committee formed to find a feasibility study consultant to source, assess and ultimately recommend finalists to Dublin City Council. The committee’s responsibilities will be to: ● Identify at least five separate operators who have an interest in running the Market ● Issue a Request for Proposal (RFP) containing substantive information on market length, size, location, and design specifications, so that the Operator can produce a comprehensive bid to the City ● Assess RFP responses and interview potential finalists, including asking for finalists to present their final proposal in presentation form to the Committee ● Make a final recommendation to City Council as to which operator would be the best candidate for operating the Market 21 Responsibilities of Operator: To Be Included In Both the RFP and Operator Contract The Operator will be responsible for the following aspects of the Holiday Market: ● Set-up of all holiday booths and associated infrastructure of the Market in Riverside Crossing Park, including sanitation bins, storage areas, fire pits, holiday lighting and decorations, signage and any other market-related infrastructure needs ● Day-to-day operations of opening, maintaining and closing the Market each day, including sanitation, security, vendor support and customer service ● Booths should be kept in very good condition. For example, no panel gaps, unfinished surfaces, messy wires, visible or disorganized back-of-house stuff, or unprofessional signage. The City should supply a list of guidelines to the Operator and the Operator should supply a list of guidelines to the vendors ● Market hours should be strictly enforced and all vendors trained to have their booths open and staffed during market hours ● Social media postings on agreed-upon platforms ● Overnight security once the Market is closed for the evening ● Snow and ice removal as necessary ● Ongoing refurbishment/repair of any infrastructure as necessary for the duration of the Market ● All point-of-sales operations using a common payment method given to all market vendors ● Financial reporting and payments to all vendors, and to the City of Dublin, every week, with a final market report due one week after the conclusion of the Market ● Breakdown of all market infrastructure when the Market concludes each year, and possible storage of booths depending on the City of Dublin’s final decision regarding ownership of the booths themselves 22 Dublin's Responsibilities to Support the Operator The City of Dublin shall be responsible for the following aspects of the Holiday Market: ● Generation and execution of the contract between the City of Dublin and its Operator for the running of the Market (a three-year term with optional yearly renewals is recommended) ● Reviewing all necessary permits, including building and fire permits (paid for by the Operator), plus all other inspections and approvals necessary from an infrastructure (sanitation, bathrooms, electrical, signage) standpoint. ● Dublin Police Department to meet with the Operator and work out a full security and safety plan to be implemented for the duration of the Market ● Approval of the final design of all market stalls/booths; possible purchase or fabrication of said booths if the City chooses to own the booths themselves ● Providing at least two or three individuals to be part of the Vendor Selection Committee (more information on later pages), granting the Committee full power to approve vendors for the Market and providing Vendor Selection Committee with an initial list of local vendors that may be appropriate for the Market ● Approval of all social media channels and sample messaging for the duration of the Market ● Approval of all signage and advance marketing/advertising materials to be generated in support of the Market ● Support by the Dublin Police Department and Dublin Department of Public Service, paid for by the Operator ● Providing a contact from the City’s Finance Department to work with the Operator on the format, submission, and audit of all financial reports and transactions ● The publication, maintenance and any adjustments to the Yearly Calendar of Operations of the Holiday Market (more detail to be provided in the next section) 23 Yearly Calendar of Operations 2025: Pre-Production Early Q2: ● Creation of a Search Committee for an Operator ● Solicit preliminary estimates from booth fabricators to incorporate into the five- year Capital Improvements Program budget ● Create an RFP for potential operators Q2: ● Issue the RFP ● Meet with finalists Q3: ● Make a recommendation to City Council for an Operator ● Enter into contract negotiations Q4: ● City Council to formally approve the budget for the Holiday Market ● Market Operator contract executed 2026: Market Year One Q1: ● Operator to start work on design specs and layout for booth structures ● Vendor Selection Committee formed ● Outreach by the Operator and City to bring potential vendors to the Market Q2: ● Final booth design and initial market layout approved ● Potential fabrication of booths for the Market begins ● Operator begins holding meetings with the relevant City of Dublin staff members Q3: ● Select vendors; training manuals and videos are created for vendors by the Operator ● Initial marketing push on social media ● Vendor training and Operator handbook provided to vendors ● Sample staging of market Q4: ● Marketing efforts continue ● Vendor training complete ● Installation of booths and market opening ● Market dismantled and stored when complete ● Final financial reporting submitted to the City of Dublin 24 2027: Market Year Two Q1: • Assessment report on Market Year On • Exit interviews with city staff, vendors and the Operator Q2: • Any additional booth fabrication begins • Repairs or modifications to existing booths based on feedback from the Operator • Year 2 Vendor Selection Committee search and selection (assume that 10-20% of vendors will be replaced in year 2) Q3: • Final vendors chosen • Update training manual and videos for vendors • Continued marketing push for the Market on social media • Sample staging of market Q4: • Marketing efforts continue • Vendor training complete • Installation of booths and market opening • Market dismantled and stored when complete • Final financial reporting submitted to the City of Dublin 25 Market Design and Decor The City of Dublin and representatives from the Operator will be involved in all aspects of the design and construction of the holiday market booths, with the balance of responsibilities to be agreed upon following the selection process. The City of Dublin can hire a third-party design consultant to submit both sample and detailed booth designs, or, if the Operator has these capabilities, to hire from within one of these options. The City of Dublin should approve, along Operator’s input, the following: ● Final booth design, including colors and materials ● Final “graphic package” for the Holiday Market–fonts, color palette, posters, banners, online graphics, mailers and other promotional materials ● Final web pages (initially embedded within the City’s own pages) for the Market ● Final lighting design, both operational and decorative ● Final placement of all booths, trash receptacles, fire pits, seating and any other market furniture or infrastructure ● Final specification manual for use by vendors concerning merchandise display, signage, shelving, and other considerations regarding visual merchandising The City should retain the ownership of all Marks, Names and the Brand of the Market. Vendor Selection Vendor selection is critical to the Market's success. Several important considerations include the right mix of food vendors versus product vendors, the number of each kind of product vendor, the number of local vendors who should be awarded space at the Market, and the number set aside for national or international applicants. The City should use its Operator to assist in forming a Vendor Selection Committee. This committee would invite potential vendors to apply, assess, and vote on which vendors should be offered contracts. The Committee should be composed of relevant stakeholders with a vested interest in the Market’s success. Once the selection process is complete, the Market Operator must execute contracts with each vendor and provide the City with copies of the vendor contracts. The Vendor Selection Committee should also approve a sample contract before any formal offers to potential vendors. 26 How To Create and Execute Sponsorship Opportunities at the Dublin Holiday Market An exciting opportunity that is shared by all holiday markets is the ability to match creative sponsorship ideas with logical sponsors, both from the local community and further afield. The main benefit of such sponsorships is additional revenues in the coffers of the Operator, and indirectly the City of Dublin, as part of the Market income percentage paid to the City. In year 1 of the Market, it’s conceivable that the Operator could offer a potential sponsor a discounted or “at-cost” rate for its sponsorship of the Market, to whet its appetite in future years and/or to use the imagery created to market opportunities to different sponsors in future years. On a side note, the Operator could hire a design consultant to create the graphical and design elements on behalf of potential sponsors, as many companies lack the internal bandwidth to generate their own materials. Marketing, Social Media, and Signage Dublin events already have a strong media presence between the Visit Dublin website and dublinohiousa.gov website. In-house departments such as Communications and Marketing can be enlisted to help promote the Market, along with the specific marketing responsibilities that the Operator will be responsible for in its contract with the City of Dublin. However, there should be a specific point person delineated as the final marketing manager for the Market, even if a marketing committee is formed that would comprise individuals from each department. This marketing manager would be responsible for generating a three-year marketing plan with a detailed budget across multiple marketing platforms, including online and mobile advertising, physical mailers, posters, banners, email blasts and social media interactions. The Operator can choose to run all of this with in-house staff or hire a third-party marketing consultant to create and execute the final marketing plan for the Market or choose to have the Operator take full control of marketing for the Market if it’s outlined in the Operator contract. 27 Part 3: Next Steps Below is a basic outline of potential next steps in this journey: ● Detailed discussions with potential operators ● Signoff from City Council on proposed timeline and initial budget ● Execution of a contract with the proposed operator, detailing responsibilities of both parties ● Fabrication/purchase of market booths ● Creation of vendor selection panel and selection of all vendors ● Installation of market infrastructure and vendor/worker training ● Dublin’s first holiday market In Conclusion We really enjoyed working with the City of Dublin to conceptualize a Holiday Market and we wish the City the best of luck with making it a reality! 28 Exhibits ● Potential Market Operators ● Booth Options and Expenses ● A Vision of Dublin’s Holiday Market: ○ Booth/Market Design ○ Holiday Lighting and Decor ● Holiday Lighting and Decor Visual Ideas ● Riverside Crossing Conceptual Site Plan #1 ● Riverside Crossing Conceptual Site Plan #2 Potential Market Operators (in no particular order) Company Name Contact Name Email Phone Website UrbanSpace Eldon Scott escott@urbanspacenyc.com 917-502-2855 https://www.urbanspaceny c.com/ German American Kate Bleecker Bleeker@GermanAmericanEv ents.com 312- 644-3785 https://www.christkindlmar ket.com/ Upsilon Itai Shoffman IShoffman@upsilonventures.c om 917-620-2914 n/a Brooklyn Flea Manuel Mujica manuel@smorgasburg.com 954-995-7459 https://brooklynflea.com/ The Makers Show Julie Feltman julie@themakersshow.com 508-776-3168 www.themakersshow.com Bensidoun USA Seb Bensidoun bensidoun@yahoo.com 312-502-5603 https://bensidounusa.com/ Robert Lavalva Robert Lavalva robertlavalva@gmail.com 646-275-2597 n/a Carmel Christkindlmarkt Maria Adele Rosenfeld n/a 317-559-6608 https://www.carmelchristki ndlmarkt.com 29 Booth Options and Expenses Booth Options and Expenses Small Large Design/ Refurbish Customiza tion Total Recurring Setup Cost/Year Tents $2,250 $3,000 $40,000 $96,000 $10,000 Chalets $9,450 $12,425 $80,000 $481,800 $10,000 Existing Booth Purchase (Custom) $5,000 $7,500 $80,000 $300,000 $25,000 Fully Custom Booth $13,000 $18,500 $80,000 $644,000 $20,000 Contemporary Modular Booth (Makers Show) $5,000 $7,000 $40,000 $216,000 $13,000 Number of units 32 8 40 Tents: Grainger Industrial Supply Chalets: Laurent Arnaud, Synerglace, 1(581)777-6099, laurent.arnaud@synerglace.ca Fully Custom Booths: J. Ember Design, 917-697-7275, jemberdesign.com, julie@jemberdesign.com Existing Booths (Bryant Park 1st generation booths, refurbished): Itai Shoffman, Upsilon Ventures, 917-620-2914 Shoffman@upsilonventures.com Contemporary Modular Booths: Julie Feltman julie@themakersshow.com, 508-776-3168 30 A Vision of Dublin’s Holiday Market Credits clockwise from top left: The Ultimate Guide To Traditional Christmas Market Foods Across The USA: A Festive Tour - Christmasmarketusa.com; You can skip the lines at Christkindlmarket this year, Photo by Jaclyn Rivas; Denver Christkindlmarket – Downtown Denver, CO | 2024 Nov-Dec Event, philaholidays Instagram page. 31 Credits clockwise from top left: The Best Christmas Markets in Illinois; How to spend Christmas in New York City with kids - Skylar Aria’s Adventures; The Ultimate Guide To Traditional Christmas Market Foods Across The USA: A Festive Tour - Christmasmarketusa.com, Discovering The Charm Of Columbus Circle Holiday Market: A Friendly Visitor's Guide - Christmasmarketusa.com; philaholidays Instagram page. 32 33 Note: This plan assumes current park infrastructure To: Members of Dublin City Council From: Megan D. O’Callaghan, P.E., City Manager Date: February 25, 2025 Initiated By: Emily Goliver, Operations Administrator/Sustainability Re: Holiday Market Feasibility Study Final Report Background At the July 1, 2024, City Council meeting, Council unanimously directed staff to enter into final contract negotiations with Town Square for the Holiday Market Feasibility Study. The deliverables for the project include: • A discussion of potential ownership and management structures for the market, along with a recommendation as to which structure would most suit the City of Dublin; a final recommendation regarding the best location for the holiday market • A five-year pro forma detailing all expenses that the market would have and a market map • A “Market Manual” that would be used by the eventual operator of the market As part of the project initiation, Town Square visited Dublin Oct. 1 and 2 to explore potential locations for a market and interview key stakeholders, including partner organizations and Council Members. The consultant team interviewed Scott Dring (Visit Dublin, Ohio), Jessica Rexer (Downtown Dublin Strategic Alliance), David Guion (Dublin Arts Council), Sharon Adamek (Historic Dublin Business Association), Jenny Amorose (Dublin Chamber of Commerce), City Manager Megan O’Callaghan and all seven City Council members. The discussions at these meetings centered around location, look and feel of a market, targeted population, goals of a market and operational considerations. The consultants also met with internal city staff, including the Directors of Communications & Marketing, Public Service, Community Events and Parks & Recreation, Economic Development Administrator and Deputy Chief of Police. The purpose of the internal staff meetings was to discuss the economic impact and logistics of a market, including security, trash/recycling collection, marketing and more. In addition to the stakeholder interviews, public input was solicited through the Community Events Roadmap survey and at the bi-annual Neighborhood Leadership Meeting. The results of the survey responses, stakeholder interviews and the site visit were incorporated into the presentation to City Council at the November 12, 2024, Work Session. At this meeting, Town Square and City staff members presented the initial findings of the feasibility study and requested feedback from Council on the following questions: 1. Is Council supportive of supplying a capital investment towards the market (décor and kiosks) and selecting a firm to operate the market? 2. Should Riverside Crossing Park serve as the primary location for the market, with a potential to expand to more locations once it is well-established? 3. Should the market be considered a Christkindlmarkt and focus on German culture or a 0BOffice of the City Manager 1B5555 Perimeter Drive • Dublin, OH 43017 2BPhone: 614.410.4400 Memo Memo re. Holiday Market Feasibility Study Final Report February 25, 2025 Page 2 of 3 Holiday Market that is inclusive of diverse cultures? 4. Does Council prefer traditional style huts or a more contemporary aesthetic for the market? Council expressed support for supplying capital investment in the décor and kiosk market and selecting a firm to operate it. Riverside Crossing Park was determined to be the appropriate primary location for the market, with the potential to expand to more locations. It was determined that the market should be traditional Christkindlmarkt, focused on German culture and traditional style booths. Summary The full Holiday Market Feasibility Study final report is attached for reference. The report recommends locating the Market at Riverside Crossing Park and starting with 40-50 booths comprised of 15-20 local vendors. In furtherance of Council’s desire to grow the market to 100 vendors in year 5, the report suggests gradually growing the market in years 2 through 5 to achieve 100 by the fifth year. The Market is recommended to run for 20 days between Thanksgiving and Christmas. Given that students are off school through the week following New Year’s Eve, the Operator could decide to extend the Market through that week, for a total of 28 days. This decision will be made based on vendor availability in the weeks following Christmas. The Market should include activities, such as the ice rink, children’s activities, community benefit activities, and areas for photo opportunities. Special events, such as crafting, concerts and a tree- lighting ceremony, could also be included. These activities will keep the Market fresh and exciting to visit multiple times. While the details will need to be worked out with the eventual Market Operator during contract negotiations, the proposed model would have the City pay for all capital expenses while the Operator pays for the day-to-day operational expenses. The City would be the sole beneficiary of all indirect revenues associated with the event, such as increased Hotel/Motel Tax revenue earned by the estimated 4% increase in room occupancy. The recommended revenue-sharing opportunity would make the Operator responsible for generating direct revenue, including sponsorship and booth rental, and sharing a percentage of their income with the City. In year 1, it is proposed that the Operator keep all revenue associated with the event to help the Operator break even sooner, thus, incenting potential Operators to participate. Beginning in year 2, it is suggested that the Operator begin paying a gradually increasing percentage of revenue to the City, reaching 15% by year 5. The detailed pro forma indicates that, assuming the capital investment in new booths ends in year 5, the City will break even on its capital investment by year 8, when it will start earning a profit on the project. The Operator will begin earning a small revenue on the event in year 2. Should Council support accepting the Holiday Market Feasibility Study at the March 17, 2025, City Council meeting, staff will convene the same group that participated in selecting the feasibility study consultant to begin the process of issuing a Request for Proposals (RFP), assessing RFP responses and recommending an Operator to City Council. The committee will be comprised of representatives from Community Events, Parks & Recreation, the Office of the City Manager, Communications & Marketing, Visit Dublin Ohio and the Downtown Dublin Strategic Alliance. The committee will make a recommendation to Council for a potential Operator by the end of Q2 2025. Memo re. Holiday Market Feasibility Study Final Report February 25, 2025 Page 3 of 3 Recommendation Staff is seeking feedback from Council regarding the following questions: • Does Council have feedback or questions regarding the pro forma? • Is Council supportive of the conceptual timeline? • Does Council have feedback or questions regarding the Holiday Market Feasibility Study final report? Holiday Market Feasibility Study and Market Manual For a Potential Holiday Market in Dublin, Ohio Submitted by Town Square February 13, 2025 2 In July of 2024, The City of Dublin hired Town Square to look at the feasibility of creating a “European-style” Holiday Market in Dublin, Ohio. The City already plays host to several high-quality short- and long-term events throughout the year, including the Dublin Irish Festival, the Memorial Tournament, the Dublin Market, and the St. Patrick’s Day Parade. The following report is Town Square’s suggestions and next steps for creating a Holiday Market of similar quality–another arrow in Dublin’s ever-expanding quiver of signature events. 3 Executive Summary In furtherance of the City Council’s goal to Develop Dublin’s “Destination of Choice” Next Generation Community Events Vision, the City issued a Request for Proposals for a consultant to conduct a Holiday Market Feasibility Study. As part of the project initiation, Town Square visited Dublin Oct. 1 and 2 to explore potential locations for a market and interview key stakeholders, including partner organizations, City staff members, and Council Members. Public input was also solicited to prioritize activities at a potential holiday market. This report will outline recommendations for a Holiday Market for the City of Dublin, Ohio, with the goals of fostering a community spirit, providing a quality destination for “something to do” in the colder months of the year, celebrating the cultures of Dublin and sustaining the economic activity of Downtown Dublin, particularly related to hotels and restaurants patronage. In summary, the feasibility study found that: ● A holiday market in Dublin, Ohio would be another successful annual event that the city and its residents would be proud of, and would benefit from, both civically and financially ● A third-party operator should be hired to establish, administer, and expand the annual Market. The city should have both input and oversight into such key areas as budgeting, aesthetics, vendor selection, and promotional activities ● The City of Dublin should locate the Market at Riverside Crossing Park, with the award- winning Dublin Link Pedestrian Bridge as a backdrop ● The City of Dublin should target a launch date of early December 2026 as its first market season, with approximately 50 vendors (both local and national) participating ● The City of Dublin should allocate funds in its budget for Market-related expenses to be covered by the City 4 Table of Contents Part 1: Feasibility Report on a Holiday Market for Dublin, Ohio 1. Overview 2. Market Types 3. Market Location and Layout 4. Market Size and Duration 5. Market Design and Operations 6. Market Activities 7. Market Administration Models 8. Market Pro Forma 9. Operator Selection 10. Scope of Services for Operator Part 2: The Market Management Manual 1. Overview 2. Establishment of an Executive Search Committee for an Appropriate Operator 3. Responsibilities for Operator: To Be Included in Both the RFP and Operator Contract 4. City of Dublin's Responsibilities to Support the Operator of the Holiday Market 5. Yearly Calendar of Operations 6. Market Design and Decor 7. Vendor Selection 8. How To Create and Execute Sponsorship Opportunities at the Dublin Holiday Market 9. Marketing, Social Media and Signage 10. Exhibits Part 3: Next Steps 1. Signoff from City Council on proposed timeline and initial budget 2. RFP generated for potential Operators 3. Execution of contract with proposed Operator, detailing responsibilities of both parties 4. Initiation of Rolling Calendar for Market planning and execution 5 Part 1: Feasibility Report on a Holiday Market for Dublin, Ohio 6 What is a Holiday Market and Why Do Cities Have Them? The Holiday Market is a thousand-year-old concept, dating back to at least 1296, when Duke Albert I of Austria permitted a group of Viennese traders to create a “December Market.” A hundred years later, King Wenceslas got into the act, granting the town of Bautzen rights to create a Saturday meat market between September and December of each year. The idea of a market itself goes back even further–another thousand years, in fact—to the Greek “agora,” especially its most famous example in Athens. While it was a place for citizens to go to hear announcements, sign up for military service, and discuss politics, it also swiftly became a place for retail activity, especially as each trade had its own quarter in the agora. By the 18th and 19th centuries, the most famous Christmas markets were centered in Europe, particularly in Germany and Austria, where vendors sold Christmas-themed toys and other items. Today, there are holiday markets worldwide, from Australia to South America and many across the United States, including three major markets in New York City alone. In Ohio, the Cincinnati Christkindlmarkt at Moerlein Lager House is perhaps the closest traditional Holiday Market to Dublin. Markets remain incredibly popular. They’re a way for families, especially when the days are short and the nights are cold in the Northern Hemisphere, to leave the house and have a shared experience with their neighbors and community. It’s a way for local vendors and craftspeople to connect with their customers, a way for cities to provide memorable experiences to the community and foment additional economic activity. It’s also a way for humanity in general to come together during the holiday season, which itself is based on ancient observances of the winter solstice. 7 Market Types Markets can be as different from each other as cultures and countries can be. In Germany, Austria and France, traditional “Christmas” markets are the norm and have been running for hundreds of years. In America, many markets are billed as “holiday” markets, though all of them have plenty of Christmas-themed wares for sale, in addition to foods and crafts from across the cultural spectrum. Some markets in America, such as the Cincinnati market, are branded as “Christkindlmarkts” to hearken back to the market’s German roots, with Alpine chalet-style booths and a focus on German foods and products. Other markets provide a more modern take, choosing contemporary, minimalistic or eclectic booth designs. The goal is the same in every case: to provide locals, commuters and visitors with a memorable experience that they can look forward to on an annual basis. 8 Market Location and Layout Markets tend to be in intimate, surprisingly small geographic areas, allowing many stalls to be placed cheek-by-jowl to each other. While this seemingly creates unwanted crowding, it tends to provide additional warmth and intimacy for vendors and visitors alike, as well as cohesiveness and help with visibility and security. In early October 2024, Town Square visited Dublin to survey potential locations for the Holiday Market, including Bridge Park, Riverside Crossing Park, Coffman Park, the Darby Lot, the Columbus Metropolitan Library — Dublin Branch, Bri/Hi Square and other pocket spaces. 9 While each site has pros and cons, Riverside Crossing Park is the best location for an initial Market. It has the following advantages: ● Its central location within Dublin, bridging both Historic Dublin on the west side of Scioto River and the more modern developments on the east side of the river ● High visibility, foot traffic and iconic views ● The availability of existing public bathrooms, “back-end” storage space and shelter via the Pavilion within the park ● The amount of “hardscape” that can easily provide a base for dozens of booths without having to create a temporary substrate over open lawns ● The proximity to the seasonal skating rink that operates within Riverside Crossing Park provides a built-in audience for the Market ● The ability to expand to additional areas, aligned with the updated Riverside Crossing Master Plan ● The lawn north of the location of the skating rink could be used in future years to stage additional booths and activities for the Market ● Can serve as a central hub for future nodal Markets throughout the downtown area The initial Market should be centered around the Pavilion and Ice Rink within Riverside Crossing Park. This will create an intimate feel while also (once folks are within the Market) making it seem larger and more “maze-like”, providing an opportunity for patrons to meander through the Market than if it is spread out over a larger geographic area. Two Conceptual Site Plans (Exhibits 1 and 2) at the end of this report show both initial (40-60 vendors) and expanded (100+) vendor set-ups within Riverside Crossing Park. 10 Market Size and Duration The initial Market should operate a minimum of 20 days between Thanksgiving and Christmas, with Thursdays and Fridays operating between 3 p.m. and 8 p.m. (9 p.m. if business is strong), and Saturday and Sunday operating between 11 a.m. and 9 p.m. This initial length will give the Market time to be visible to all comers and give vendors a reasonable stretch of time to sell their wares and create a “buzz.” Alternatively, given that children are off from school in Dublin during the week following New Year’s, the Market can run for the first full week of January, increasing the total number of days to 28. This will make the Market schedule consistent with the Columbus Zoo Wildlights. The Operator should be involved in this decision given that vendor availability may vary after Christmas. If the Market is successful, in future years, the Market could operate seven days a week and start earlier in the season or even stretch after Christmas itself for more total days and additional total hours. A minimum of 40 booths is recommended for the first year, with a target of 50 vendor booths to be occupied between a variety of food and non-food vendors, of which at least 15-20 would be sourced from the local Dublin/Columbus area. This should include a mix of jewelry, toys, handcrafted goods, mass-produced products and simple food options where booths sell a limited number of well-executed consumable items per booth. As with the duration of the Market itself, in future years, the Market can expand to well over 100 booths, which would necessitate additional restrooms and power but also give the Market a larger stage to increase its installations, types of areas (for example, a kids’ play area could be introduced), a stage for performances, and expansion beyond Riverside Crossing Park itself–specifically, by bridging the gap between “old” and “new” Dublin by extending Market booths and activities to Historic Dublin. 11 Market Design and Operations The City of Dublin should work with its Operator to develop a traditional Market design, nodding toward Dublin’s German roots and leaning toward cleaner and more refined, rather than cluttered and heavily adorned, characteristic of Dublin’s aesthetics. To achieve this, there will be a design process to develop the look and feel with the Operator. The booths could be wood chalet-style with more neutral or sophisticated colors or contemporary, modular booths heavy on traditional detailing and festive decor. Warm lighting and a multisensory approach can be employed throughout the Market to keep people engaged and bring life to the area. For visual guidelines, see “A Vision of Dublin’s Holiday Market” in the Exhibits. Some additional creative considerations would be: ● ‘Retail facing retail’ whenever possible, to create corridors that allow two sets of shoppers to experience the Market, increasing the “cozy” factor of the Market, providing “pathways” for shoppers to follow and giving folks a sense of safety and security ● No, or very few, disconnected booths that sit out in space. Booths should at least be in clusters so that the feeling is one of connectivity and engagement ● The five senses should be engaged— there should be music (both live and pre-recorded), aromas from the food vendors, engaging sights, especially via effective merchandising that engages and invites passersby and plenty of items you can touch and feel ● Different areas can be delineated. For example, the food vendors could all be together ● Clear signage, spatial organization and communication throughout the Market ● High quality: Booths should be kept in very good condition. For example, there should be no panel gaps, unfinished surfaces, messy wires, visible or disorganized back-of-house stuff, or unprofessional signage. The City should supply a list of guidelines to the Operator, and the Operator should supply a list of guidelines to vendors. ● Clean and well organized: There should be enough well-maintained restroom facilities and plenty of refuse, recycling and compost bins. All vendors should be trained to have their booths open and staffed during Market hours, with appropriate penalties if they fail to adhere to their vendor contracts. 12 Market Activities Besides the activities of the Market itself (buying and selling items, preparing and consuming food and drink), the City of Dublin has the option of drawing in the greater athletic, nonprofit, and artistic communities to the Market by working with groups to provide any (or all) of the below additional activities: ● Ice skating rink - potentially expand its size and operating hours in future years ● Sledding/snowman-making/snow sculpture activities if possible ● Races, mazes, and/or other activities for children to participate in ● Non-profit organization food and clothing drives and/or other community benefit activities ● Pavilion for holiday arts and crafts for both children and adults sponsored by local arts education groups ● Live music provided by local choir/chorus groups or other local acts ● Art and/or light installations provided by local artists ● “Photo op” areas for social media platforms ● Special events: Concerts, crafting, ice skating, tree lighting, and other events would be timed to fit within Market operating hours to create additional buzz (and attendance) at the Market ● Include a variety of activities and areas of respite so that the Market is exciting and comfortable for a large cross-section of visitors of different interests and ages. The wider the range of activities provided, the longer people will likely stay. 13 Market Administration Models As discussed at the November 12, 2024 City Council Work Session, Dublin has options when it comes to the Holiday Market: 1. 100% City-Run: City of Dublin fully operates the market 2. City hires a for-profit market manager: City contracts a private firm to operate for a fixed fee, and pays all costs, including capital, keeps all revenues 3. City invests in capital + hires for-profit operator: City invests in capital (décor and booths), Operator incurs all operational expenses and keeps all or a portion of revenues (concession model) 4. 100% For-profit operator: City hires an Operator; Operator pays a fee to the City, incurs all capital & operating expenses, and keeps all revenue (concession model) While each of these models has its pluses and minuses, City Council determined Option 3 to be the best fit. Under this model, the Operator could either pay the city a fee for operating the Market and collecting revenues or, depending on the final form of agreement with the operator, pay the city a percentage of Market revenues as a revenue share or operating fee. In this option, the following benefits would exist for both the City and its eventual operator: ● Eliminates capital risk for the operator ● Allows lower initial rent for vendors ● The City retains control of overall investment in decor and aesthetics ● The City will recoup initial investment faster as money will flow back to it in the form of revenue share/operating fees paid to it ● The operator will be responsible for installation and take-down, POS (point-of-sale) payment functionality, daily operations such as security and sanitation, marketing, snow removal and customer service 14 Market Pro Forma The following pages include an overall Market pro forma, including an initial investment in décor and chalet-style booths, followed by a proposal for sharing revenues and expenses between the City and its Operator. The pro forma assumes a market composed of 32 “small” and 8 “large” booths at inception, expanding over time to 60 “small” and 16 “large” by year 5. The proposed pattern of sharing revenues and expenses would be as follows: The City pays for all upfront structures (booths) and decor costs. The City will receive a fee from the Operator and benefit from any indirect revenues linked to increased visitation to its Downtown (such as an increase in hotel tax revenues based on a 4% increase in room occupancy). The Operator will be responsible for generating the direct revenues for the event, including sponsorship and rental revenues, which they will share a percentage of with the City. The increase in Hotel/Motel Tax revenue is based on the assumption that the City currently has an inventory of 2,400 rooms and an occupancy rate of 48.4% during the time of the Market. The Market’s impact is estimated to result in a 4% increase in the occupancy rate to 52.4% for 30 days or 2,880 total new nights booked. The estimated revenue in the pro forma is based on a $115 average daily rate and a 6% excise tax on overnight stays. Occupancy will increase in later years as more hotels come online and the Market generates additional traction. To incentivize participation, the Operator should be exempt from paying the City’s revenue share in year 1 and pay a gradually escalating percentage of revenues in the following years, reaching 15% in year 5 (7.5% in year 2, 10% in year 3, and 12.5% in year 4). The Operator will be responsible for costs associated with City staffing, currently estimated at four police officers, a supervisor and a cruiser. These costs are allocated in the pro forma based on data supplied by the City but weighed at 66% of the total in year 1, and stable in the following years, based on Town Square’s experience with police staffing needs at other holiday markets. The Operator will be responsible for all other costs and keep all rent, sponsorship and rental revenues. The Operator will also be responsible for necessary services (security and/or sanitation) which might be specified to guarantee the quality of the event at its inception. 15 Overall Market Pro-Forma Budget Summary Pre-Opening Year 1 Year 2 Year 3 Year 4 Year 5 Earned Income Vendor Rent Small Booth 0 $144,000 $190,000 $253,000 $338,000 $420,000 Vendor Rent Large Booth 0 $44,000 $62,500 $84,000 $105,000 $132,000 Corporate Sponsor 0 $25,000 $25,000 $25,000 $35,000 $45,000 Event Rentals 0 $2,500 $5,000 $7,500 $10,000 $10,000 Hotel Tax Increase 0 $20,000 $28,800 $31,000 $33,500 $35,000 Total Earned Income $0 $235,500 $311,300 $400,500 $521,500 $642,000 Operating Expenses Booth Install $10,000 $12,000 $14,500 $16,500 $19,000 City Services $49,948 $49,948 $49,948 $49,948 $49,948 Electrical $80,000 $84,000 $88,200 $92,610 $97,241 Security $25,000 $25,750 $26,523 $27,318 $28,138 Sanitation $35,000 $36,050 $37,132 $38,245 $39,393 Decor (Annual) $50,000 $15,000 $20,000 $25,000 $30,000 $35,000 Marketing $25,000 $25,750 $26,523 $27,318 $28,138 New Booths $481,800 0 $80,000 $80,000 $80,000 $100,000 Storage 5,000 $6,000 $6,500 $7,000 $7,500 Total Expenses $531,800 $244,948 $339,498 $354,326 $368,939 $404,358 Net -$531,800 -$9,448 -$28,198 $46,174 $152,561 $237,642 Supporting Data Year 1 Year 2 Year 3 Year 4 Year 5 # Small Booths 32 38 46 52 60 # Large Booths 8 10 12 14 16 Estimated Rent Small Booth 4,500 5,000 5,500 6,500 7,000 Estimated Rent Large Booth 5,500 6,250 7,000 7,500 8,250 16 City Market Income and Expenses Budget Summary Pre-Opening Year 1 Year 2 Year 3 Year 4 Year 5 Earned Income Operator Fee to the City as % n/a n/a 7.50% 10.00% 12.50% 15.00% Operator Fee to City 0 0 $21,188 $36,950 $61,000 $91,050 Hotel Tax Increase 0 $20,160 $28,800 $31,000 $33,500 $35,000 Total Earned Income $0 $20,160 $49,988 $67,950 $94,500 $126,050 Operating Expenses New Booths $481,800 0 $80,000 $80,000 $80,000 $100,000 Decor $50,000 0 0 0 0 0 Total Expenses $531,800 $0 $80,000 $80,000 $80,000 $100,000 Annual Net -$531,800 $20,160 -$30,013 -$12,050 $14,500 $26,050 5 Year Gross Expenses -$531,800 -$531,800 -$611,800 -$691,800 -$771,800 -$871,800 5 Year Gross Income $0 $20,160 $70,148 $138,098 $232,598 $358,648 5 Year Net (Including Pre- Opening) -$531,800 -$511,640 -$541,653 -$553,703 -$539,203 -$513,153 Assuming capital investment in new booths ends in year 5, the City’s net return will increase to $230,000 in year 6. The City will break even and repay all capital costs in year 8. Year 8 will be the year the city starts earning money on this project. The City’s total 5-Year net is -$513,153. This is because of an initial investment of $531,800, a total income of $358,648 and ongoing capital investment for additional new booths over the five seasons of operation of $340,000. This scenario is a product of the City Council’s favorable view of expanding the Market over time and reflects investment annually into the capital cost, rather than two one-time investments in years 1 and 5. 17 Operator Pro Forma Budget Summary Pre-Opening Year 1 Year 2 Year 3 Year 4 Year 5 Earned Income Vendor Rent Small Booth $144,000 $190,000 $253,000 $338,000 $420,000 Vendor Rent Large Booth $44,000 $62,500 $84,000 $105,000 $132,000 Corporate Sponsor $25,000 $25,000 $25,000 $35,000 $45,000 Event Rentals $2,500 $5,000 $7,500 $10,000 $10,000 Total Earned Income $215,500 $282,500 $369,500 $488,000 $607,000 Operating Expenses Operator Fee to City 0 $21,188 $36,950 $61,000 $91,050 Booth Install $10,000 $12,000 $14,500 $16,500 $19,000 City Services $49,948 $49,948 $49,948 $49,948 $49,948 Electrical $80,000 $84,000 $88,200 $92,610 $97,241 Security $25,000 $25,750 $26,523 $27,318 $28,138 Sanitation $35,000 $36,050 $37,132 $38,245 $39,393 Decor (Annual) $15,000 $20,000 $25,000 $30,000 $35,000 Marketing $25,000 $25,750 $26,523 $27,318 $28,138 Storage $5,000 $6,000 $6,500 $7,000 $7,500 Total Expenses $244,948 $280,686 $311,275 $349,940 $395,407 Net -$29,448 $1,815 $58,226 $138,060 $211,593 18 Operator Selection The City should leverage the existing committee formed to find a feasibility study consultant and establish a search committee to source an Operator. This committee would: ● Identify at least five separate operators who have an interest in running the Market ● Issue a Request for Proposal (RFP) containing substantive information on market length, size, location and design specifications, so that the Operator can produce a comprehensive bid to the City ● Assess RFP responses and interview potential finalists, including asking for finalists to present their final proposal in presentation form to the Committee ● Make a final recommendation to City Council as to which operator would be the best candidate for operating the Market The City would then: ● Negotiate a cost-sharing agreement with the Operator ● Provide a framework for and execute a contract with the Operator Operator Scope of Services The Operator should have the following capabilities and experience: ● Proven track record of operating at least two other markets of similar size and duration ● Ability to deal with all set-up and take-down challenges of the Market, including any construction, plumbing, electrical and sanitation issues ● Ability to run all day-to-day operations of the Market, including security, sanitation, snow removal, vendor relations, customer relations and social media ● Ability to source a wide range of vendors from both within the chosen pool of local vendors (with an initial list provided by the City), plus regional, national and international vendors as determined jointly by the operator and the City ● Experience with sourcing additional direct income through sponsorships or event rentals is a plus 19 Part 2: The Market Management Manual Overview 20 The following sections are meant to be a chronological, step-by-step guide to setting up the Dublin Holiday Market based on the recommendations in the Feasibility Report. If the management model changes, some of the content below will need to be revised, but many sections will still be relevant in any model. Establishment of a Search Committee for an Operator The City of Dublin should pursue a “hybrid model” when searching for and ultimately contracting with an Operator to run its Holiday Market. This hybrid approach would allow the City to be involved in the creation of all aspects of the Market while delegating day-to-day responsibilities of the Market to an Operator. The City should leverage the existing committee formed to find a feasibility study consultant to source, assess and ultimately recommend finalists to Dublin City Council. The committee’s responsibilities will be to: ● Identify at least five separate operators who have an interest in running the Market ● Issue a Request for Proposal (RFP) containing substantive information on market length, size, location, and design specifications, so that the Operator can produce a comprehensive bid to the City ● Assess RFP responses and interview potential finalists, including asking for finalists to present their final proposal in presentation form to the Committee ● Make a final recommendation to City Council as to which operator would be the best candidate for operating the Market 21 Responsibilities of Operator: To Be Included In Both the RFP and Operator Contract The Operator will be responsible for the following aspects of the Holiday Market: ● Set-up of all holiday booths and associated infrastructure of the Market in Riverside Crossing Park, including sanitation bins, storage areas, fire pits, holiday lighting and decorations, signage and any other market-related infrastructure needs ● Day-to-day operations of opening, maintaining and closing the Market each day, including sanitation, security, vendor support and customer service ● Booths should be kept in very good condition. For example, no panel gaps, unfinished surfaces, messy wires, visible or disorganized back-of-house stuff, or unprofessional signage. The City should supply a list of guidelines to the Operator and the Operator should supply a list of guidelines to the vendors ● Market hours should be strictly enforced and all vendors trained to have their booths open and staffed during market hours ● Social media postings on agreed-upon platforms ● Overnight security once the Market is closed for the evening ● Snow and ice removal as necessary ● Ongoing refurbishment/repair of any infrastructure as necessary for the duration of the Market ● All point-of-sales operations using a common payment method given to all market vendors ● Financial reporting and payments to all vendors, and to the City of Dublin, every week, with a final market report due one week after the conclusion of the Market ● Breakdown of all market infrastructure when the Market concludes each year, and possible storage of booths depending on the City of Dublin’s final decision regarding ownership of the booths themselves 22 Dublin's Responsibilities to Support the Operator The City of Dublin shall be responsible for the following aspects of the Holiday Market: ● Generation and execution of the contract between the City of Dublin and its Operator for the running of the Market (a three-year term with optional yearly renewals is recommended) ● Reviewing all necessary permits, including building and fire permits (paid for by the Operator), plus all other inspections and approvals necessary from an infrastructure (sanitation, bathrooms, electrical, signage) standpoint. ● Dublin Police Department to meet with the Operator and work out a full security and safety plan to be implemented for the duration of the Market ● Approval of the final design of all market stalls/booths; possible purchase or fabrication of said booths if the City chooses to own the booths themselves ● Providing at least two or three individuals to be part of the Vendor Selection Committee (more information on later pages), granting the Committee full power to approve vendors for the Market and providing Vendor Selection Committee with an initial list of local vendors that may be appropriate for the Market ● Approval of all social media channels and sample messaging for the duration of the Market ● Approval of all signage and advance marketing/advertising materials to be generated in support of the Market ● Support by the Dublin Police Department and Dublin Department of Public Service, paid for by the Operator ● Providing a contact from the City’s Finance Department to work with the Operator on the format, submission, and audit of all financial reports and transactions ● The publication, maintenance and any adjustments to the Yearly Calendar of Operations of the Holiday Market (more detail to be provided in the next section) 23 Yearly Calendar of Operations 2025: Pre-Production Early Q2: ● Creation of a Search Committee for an Operator ● Solicit preliminary estimates from booth fabricators to incorporate into the five- year Capital Improvements Program budget ● Create an RFP for potential operators Q2: ● Issue the RFP ● Meet with finalists Q3: ● Make a recommendation to City Council for an Operator ● Enter into contract negotiations Q4: ● City Council to formally approve the budget for the Holiday Market ● Market Operator contract executed 2026: Market Year One Q1: ● Operator to start work on design specs and layout for booth structures ● Vendor Selection Committee formed ● Outreach by the Operator and City to bring potential vendors to the Market Q2: ● Final booth design and initial market layout approved ● Potential fabrication of booths for the Market begins ● Operator begins holding meetings with the relevant City of Dublin staff members Q3: ● Select vendors; training manuals and videos are created for vendors by the Operator ● Initial marketing push on social media ● Vendor training and Operator handbook provided to vendors ● Sample staging of market Q4: ● Marketing efforts continue ● Vendor training complete ● Installation of booths and market opening ● Market dismantled and stored when complete ● Final financial reporting submitted to the City of Dublin 24 2027: Market Year Two Q1: • Assessment report on Market Year On • Exit interviews with city staff, vendors and the Operator Q2: • Any additional booth fabrication begins • Repairs or modifications to existing booths based on feedback from the Operator • Year 2 Vendor Selection Committee search and selection (assume that 10-20% of vendors will be replaced in year 2) Q3: • Final vendors chosen • Update training manual and videos for vendors • Continued marketing push for the Market on social media • Sample staging of market Q4: • Marketing efforts continue • Vendor training complete • Installation of booths and market opening • Market dismantled and stored when complete • Final financial reporting submitted to the City of Dublin 25 Market Design and Decor The City of Dublin and representatives from the Operator will be involved in all aspects of the design and construction of the holiday market booths, with the balance of responsibilities to be agreed upon following the selection process. The City of Dublin can hire a third-party design consultant to submit both sample and detailed booth designs, or, if the Operator has these capabilities, to hire from within one of these options. The City of Dublin should approve, along Operator’s input, the following: ● Final booth design, including colors and materials ● Final “graphic package” for the Holiday Market–fonts, color palette, posters, banners, online graphics, mailers and other promotional materials ● Final web pages (initially embedded within the City’s own pages) for the Market ● Final lighting design, both operational and decorative ● Final placement of all booths, trash receptacles, fire pits, seating and any other market furniture or infrastructure ● Final specification manual for use by vendors concerning merchandise display, signage, shelving, and other considerations regarding visual merchandising The City should retain the ownership of all Marks, Names and the Brand of the Market. Vendor Selection Vendor selection is critical to the Market's success. Several important considerations include the right mix of food vendors versus product vendors, the number of each kind of product vendor, the number of local vendors who should be awarded space at the Market, and the number set aside for national or international applicants. The City should use its Operator to assist in forming a Vendor Selection Committee. This committee would invite potential vendors to apply, assess, and vote on which vendors should be offered contracts. The Committee should be composed of relevant stakeholders with a vested interest in the Market’s success. Once the selection process is complete, the Market Operator must execute contracts with each vendor and provide the City with copies of the vendor contracts. The Vendor Selection Committee should also approve a sample contract before any formal offers to potential vendors. 26 How To Create and Execute Sponsorship Opportunities at the Dublin Holiday Market An exciting opportunity that is shared by all holiday markets is the ability to match creative sponsorship ideas with logical sponsors, both from the local community and further afield. The main benefit of such sponsorships is additional revenues in the coffers of the Operator, and indirectly the City of Dublin, as part of the Market income percentage paid to the City. In year 1 of the Market, it’s conceivable that the Operator could offer a potential sponsor a discounted or “at-cost” rate for its sponsorship of the Market, to whet its appetite in future years and/or to use the imagery created to market opportunities to different sponsors in future years. On a side note, the Operator could hire a design consultant to create the graphical and design elements on behalf of potential sponsors, as many companies lack the internal bandwidth to generate their own materials. Marketing, Social Media, and Signage Dublin events already have a strong media presence between the Visit Dublin website and dublinohiousa.gov website. In-house departments such as Communications and Marketing can be enlisted to help promote the Market, along with the specific marketing responsibilities that the Operator will be responsible for in its contract with the City of Dublin. However, there should be a specific point person delineated as the final marketing manager for the Market, even if a marketing committee is formed that would comprise individuals from each department. This marketing manager would be responsible for generating a three-year marketing plan with a detailed budget across multiple marketing platforms, including online and mobile advertising, physical mailers, posters, banners, email blasts and social media interactions. The Operator can choose to run all of this with in-house staff or hire a third-party marketing consultant to create and execute the final marketing plan for the Market or choose to have the Operator take full control of marketing for the Market if it’s outlined in the Operator contract. 27 Part 3: Next Steps Below is a basic outline of potential next steps in this journey: ● Detailed discussions with potential operators ● Signoff from City Council on proposed timeline and initial budget ● Execution of a contract with the proposed operator, detailing responsibilities of both parties ● Fabrication/purchase of market booths ● Creation of vendor selection panel and selection of all vendors ● Installation of market infrastructure and vendor/worker training ● Dublin’s first holiday market In Conclusion We really enjoyed working with the City of Dublin to conceptualize a Holiday Market and we wish the City the best of luck with making it a reality! 28 Exhibits ● Potential Market Operators ● Booth Options and Expenses ● A Vision of Dublin’s Holiday Market: ○ Booth/Market Design ○ Holiday Lighting and Decor ● Holiday Lighting and Decor Visual Ideas ● Riverside Crossing Conceptual Site Plan #1 ● Riverside Crossing Conceptual Site Plan #2 Potential Market Operators (in no particular order) Company Name Contact Name Email Phone Website UrbanSpace Eldon Scott escott@urbanspacenyc.com 917-502-2855 https://www.urbanspaceny c.com/ German American Kate Bleecker Bleeker@GermanAmericanEv ents.com 312- 644-3785 https://www.christkindlmar ket.com/ Upsilon Itai Shoffman IShoffman@upsilonventures.c om 917-620-2914 n/a Brooklyn Flea Manuel Mujica manuel@smorgasburg.com 954-995-7459 https://brooklynflea.com/ The Makers Show Julie Feltman julie@themakersshow.com 508-776-3168 www.themakersshow.com Bensidoun USA Seb Bensidoun bensidoun@yahoo.com 312-502-5603 https://bensidounusa.com/ Robert Lavalva Robert Lavalva robertlavalva@gmail.com 646-275-2597 n/a Carmel Christkindlmarkt Maria Adele Rosenfeld n/a 317-559-6608 https://www.carmelchristki ndlmarkt.com 29 Booth Options and Expenses Booth Options and Expenses Small Large Design/ Refurbish Customiza tion Total Recurring Setup Cost/Year Tents $2,250 $3,000 $40,000 $96,000 $10,000 Chalets $9,450 $12,425 $80,000 $481,800 $10,000 Existing Booth Purchase (Custom) $5,000 $7,500 $80,000 $300,000 $25,000 Fully Custom Booth $13,000 $18,500 $80,000 $644,000 $20,000 Contemporary Modular Booth (Makers Show) $5,000 $7,000 $40,000 $216,000 $13,000 Number of units 32 8 40 Tents: Grainger Industrial Supply Chalets: Laurent Arnaud, Synerglace, 1(581)777-6099, laurent.arnaud@synerglace.ca Fully Custom Booths: J. Ember Design, 917-697-7275, jemberdesign.com, julie@jemberdesign.com Existing Booths (Bryant Park 1st generation booths, refurbished): Itai Shoffman, Upsilon Ventures, 917-620-2914 Shoffman@upsilonventures.com Contemporary Modular Booths: Julie Feltman julie@themakersshow.com, 508-776-3168 30 A Vision of Dublin’s Holiday Market Credits clockwise from top left: The Ultimate Guide To Traditional Christmas Market Foods Across The USA: A Festive Tour - Christmasmarketusa.com; You can skip the lines at Christkindlmarket this year, Photo by Jaclyn Rivas; Denver Christkindlmarket – Downtown Denver, CO | 2024 Nov-Dec Event, philaholidays Instagram page. 31 Credits clockwise from top left: The Best Christmas Markets in Illinois; How to spend Christmas in New York City with kids - Skylar Aria’s Adventures; The Ultimate Guide To Traditional Christmas Market Foods Across The USA: A Festive Tour - Christmasmarketusa.com, Discovering The Charm Of Columbus Circle Holiday Market: A Friendly Visitor's Guide - Christmasmarketusa.com; philaholidays Instagram page. 32 33 Note: This plan assumes current park infrastructure HOLIDAY MARKET FEASIBILITY STUDY FINAL REPORT March 3, 2025 CITY COUNCIL GOAL WHAT WE HEARD •Over 120 points of input•Received City Council input at the Nov. 12 Work Session1.Council was supportive of supplying a capital investment towards the Market for décor and booths and selecting a firm to operate the Market2.Riverside Crossing Park was the unanimous primary market location3.The Market should be considered a Christkindlmarkt with a focus on German culture4.The booths should be traditional Town Square —Dublin, Ohio Holiday Market Feasibility Study MARKET RECOMMENDATIONS Location Riverside Crossing Park is the best location for an initial Market. It should be centered around the Pavilion and Ice Rink. Size 40 -50 booths initially comprised of 15 –20 local vendors Expand to 100 booths in future years Dates / Duration 20 days between Thanksgiving and Christmas OR 28 days between Thanksgiving and the first full week after New Year’s Thursday/Friday between 3 –8 p.m. (9 p.m. if business is strong) Saturday/Sunday between 11 a.m. –9 p.m. A “Dublin” experience Traditional market design, nodding towards Dublin’s German roots Clean and refined Wood chalet-style booths with warm lighting Market Activities Ice rink, children’s activities, community benefit activities (clothes drives) Photo Op areas Special events –concerts, crafting, tree lighting, etc. Town Square —Dublin, Ohio Holiday Market Feasibility Study MARKET ADMINISTRATION MODEL 1.City-Run -City of Dublin operates 2.City Contracts a Private Firm -City issues an RFP and pays a third-party market manager a fixed fee -City incurs all capital and operating expenses; keeps all revenues 3.City Invests in Capital and Selects a Third-Party Operator -City invests in capital (décor and booths), issues an RFP and selects an operator -Operator incurs all operational expenses and keeps all or a portion of revenues -City is involved in the creation of all aspects of the market while delegating day-to-day responsibilities 4.Third-Party Operator -City issues an RFP and selects an operator -Operator pays a fee to the City, incurs all capital & operating expenses and keeps all revenue (concession model) Town Square —Dublin, Ohio Holiday Market Feasibility Study PRO FORMA – MARKET Town Square —Dublin, Ohio Holiday Market Feasibility Study PRO FORMA – OPERATOR Operator pays a fee to the City as a percentage of the overall earned income •Exempt from paying this in year 1 to make the event profitable to the Operator faster, thus, incenting participation from potential Operators •7.5% in year 2 •10% in year 3 •12.5% in year 4 •15% in year 5 and beyond Town Square —Dublin, Ohio Holiday Market Feasibility Study PRO FORMA – CITY OF DUBLIN Town Square —Dublin, Ohio Holiday Market Feasibility Study OPERATOR SCOPE OF SERVICE •Proven track record of operating at least two other markets of similar size and duration •Ability to deal with all set-up and take-down challenges of the Market, including any construction, plumbing, electrical and sanitation issues •Ability to run all day-to-day operations of the Market, including security, sanitation, snow removal, vendor relations, customer relations and social media •Ability to source a wide range of vendors from both within the chosen pool of local vendors (with an initial list provided by the City of Dublin), plus regional, national and international vendors as determined jointly by the operator and the City •Experience with sourcing additional direct income through sponsorships or event rentals a plus Town Square —Dublin, Ohio Holiday Market Feasibility Study CONCEPTUAL TIMELINE –2025 Pre-Production Early Q2: •Creation of a Search Committee for an Operator •Solicit preliminary estimates from booth fabricators to incorporate into the five-year Capital Improvements Program budget •Create the RFP for potential operators Q2: •Issue the RFP •Meet with finalists Q3: •Make a recommendation to City Council for an Operator •Enter into contract negotiations Q4: •City Council to formally approve the budget for holiday market •Market Operator contract executed Town Square —Dublin, Ohio Holiday Market Feasibility Study CONCEPTUAL TIMELINE –2026 Market Year One Q1: •Operator to start work on design specs and layout for booth structures •Vendor Selection Committee formed •Outreach by the Operator and City to bring potential vendors to the market Q2: •Final booth design and initial market layout approved •Potential fabrication of booths for the market begins •Operator begins holding meetings with the relevant City of Dublin staff members Q3: •Final vendors chosen, training manuals and videos are created for vendors by the Operator •Initial marketing push on social media •Vendor training and Operator handbook provided to vendors •Sample staging of market Q4: •Marketing efforts continue •Vendor training complete •Installation of booths and market opening •Market dismantled and stored when complete •Final financial reporting submitted to the City of Dublin Town Square —Dublin, Ohio Holiday Market Feasibility Study CONCEPTUAL TIMELINE –2027 Market Year Two Q1: •Assessment report on Market Year One Q2: •Any additional booths fabricated begins •Repairs or modifications to existing booths based on feedback from the Operator •Year 2 Vendor Selection Committee search and selection (assume that 10-20% of vendors will be replaced in year 2) Q3: •Final vendors chosen •Update training manual and videos for vendors •Continued marketing push for the market on social media •Sample staging of market Q4: •Marketing efforts continue •Vendor training complete •Installation of booths and market opening •Market dismantled and stored when complete •Final financial reporting submitted to the City of Dublin Town Square —Dublin, Ohio Holiday Market Feasibility Study IMMEDIATE NEXT STEPS •Convene the search committee for an Operator •Issue a Request for Proposals to solicit an Operator •Interview and make a final recommendation to City Council for the Operator •Negotiate a contract to include a cost- sharing agreement with the Operator Recommendation Staff is seeking feedback from Council regarding the following questions: •Does Council have feedback or questions regarding the pro forma? •Is Council supportive of the conceptual timeline? •Does Council have feedback or questions regarding the Holiday Market Feasibility Study final report? Questions/Discussion