New Study Shows Opportunities and Hurdles for Coatesville Velodrome
Monday, August 26th 2013
From the DailyLocal.com
COATESVILLE — A feasibility study on the proposed velodrome indicates the indoor facility may succeed but faces significant financial hurdles.
The velodrome — an arena for bicycle racing — would host regional, national and international cycling competitions.
“There’s a tremendous need for an indoor facility year-round on the East Coast,” said David Chauner, the principal proponent of the velodrome project. It’s one of his goals to create it, he said.
“The velodrome is an exciting project for Coatesville,” said David Collins, city council president. “However, if the project is to move forward, any inability to generate tax revenue will certainly require a careful analysis of the extent of the compensating benefits to the city.”
Around 2000 Chauner said he talked about the facility and later saw the Flats — an area west of the Brandywine Creek north of Lincoln Highway — as a good location.
The study completed by Convention, Sports and Leisure involved the tour of the Flats, the proposed location for the velodrome; the development of case studies of comparable velodromes; survey of registered cyclists; and reviews of cycling participation and industry trends.
The study showed the funding for the $27.5 million facility will need to come from sources such as developer equity, fundraising, grants and economic development funds.”
Read the full story at DailyLocal.com