An independent Sports Complex Feasibility Study evaluating a three-phase regional public sports district in Anthony, New Mexico.
ANTHONY, New Mexico — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Sports Complex Feasibility Study in Anthony, Doña Ana County, New Mexico.
Wert-Berater served as independent feasibility consultant to the issuer and bond counsel. Party names are withheld consistent with the confidential nature of underwriting and capital-advisory work; figures represent the project as evaluated at the study date.
A three-phase, approximately $115 million public sports district structured so that no phase is required to financially carry facilities belonging to a later stage of maturity. Phase I establishes demand through participation-driven outdoor facilities financed primarily with public-purpose capital; Phase II expands capacity only after utilization confirms absorption; Phase III introduces higher-revenue indoor and event facilities once the campus operates as a year-round destination. The approved ten-year operating forecast produces an unlevered project-level IRR of 17.9 percent.
A regional, multi-sport destination combining outdoor tournament fields with weather-independent indoor capacity: an arena, three indoor basketball/volleyball courts, and seventeen pickleball courts, with hard construction representing approximately 59 percent of total project cost concentrated in durable, long-lived sports assets.
$115,000,000 single tax-exempt municipal bond issuance — 100% of total project cost, including capitalized interest and funded reserves.
The study's principal analytical task was proving that a $115 million single-issuance bond could be reconciled with phased absorption. Key risks identified: construction execution at district scale, utilization variability, revenue concentration during tournament periods, and operating cost inflation — mitigated through phase-gating tied to demonstrated absorption, diversified programming, fixed-rate debt, and funded reserves stress-tested under downside scenarios.
Wert-Berater, Inc. is an independent feasibility study consulting firm founded in 1998, providing lender- and agency-facing feasibility studies, highest-and-best-use analyses, and capital-advisory support. The firm has completed more than 4,000 engagements across all 50 states and internationally, evaluating over $40.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. In every engagement, fiduciary duty runs to the lender and the applicable agency.
Media contact: Donald Safranek, MSc, President, Wert-Berater, Inc. — +1 310-857-2443 ext. 800. Press inquiries only; client, lender, and property identities remain confidential.
President, Wert-Berater, Inc. — independent feasibility study consultants since 1998. More than 4,000 feasibility studies completed across all 50 states and internationally, evaluating $40.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. Fiduciary duty runs to the lender and agency in every engagement.
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Schedule a ConversationIndependent feasibility studies since 1998 — 4,000+ engagements, $40.2 billion in evaluated project value. Standard delivery in 10 to 15 business days. Fiduciary duty to the lender and agency.