HOUSING ASSIGNMENT

Housing Assignment

Housing Assignment

Aim of the Project

The aim of this project is to development a waterpark at Star City complex, Watson road, Birmingham B7 5SA. This water park will consists of an Olympic size swimming pool, along with slides shoots and traditional changing facilities, and will be sited adjacent to the existing multi-storey car park. These are the facilities which are decided but there are no limitations for adding any other facility.

Introduction

It is essential that, in ensuring an effective and cost-conscious service the project should be under the direction and control of a competent practitioner with a proven project management track record development from a construction industry related professional discipline. This person is designated the project manager and is to be appointed by the client with full responsibility for the projects outcome. Having delegated powers at inception, the project manger will exercise in the closest association with the project team and plays an executive role throughout the project.

Construction Affairs

Construction costs for an waterpark will vary between £237 and £263 per square foot. Here is a typical development budget for a waterpark:

 

Water park A

 

Water park B

 

Water park C

Facilities

60

85

100

Waterpark SF

2453

 

2720

 

9373

Waterpark Items

SqFt

Cost

SqFt

Cost

SqFt

Cost

Building Shell

2453

£269,830

2720

£299,200

9373

£1,031,030

HVAC

2453

£36,795

2720

£40,800

9373

£140,595

Pools & Mechanical

455

£100,100

610

£134,200

3467

£762,740

Spa Pools

89

£15,575

88

£15,400

102

£17,850

Snack Bar

100

£8,500

200

£17,000

300

£25,500

Support Areas

221

£19,890

171

£15,390

600

£54,000

Theming

600

£30,000

1000

£50,000

3000

£150,000

Waterslides, Supports &

1

£100,000

1

£115,000

1

£287,000

Recreational Equipment

Construction Costs

 

£580,690

 

 

£686,990

 

 

£2,468,715

Cost per sf of waterpark

£237

£253

£263

Prepared by JLC Hospitality Consulting with data provided by Amusement Leisure Worldwide.

Amusement Leisure Worldwide is a major player in the waterpark resort industry. Their flagship is the installation of a 41,000 outdoor wave pool at Mandalay Bay Resort in Las Vegas. However, they also work with small economy theme park owners that want to enhance their pools or add a waterpark.

Mid-Priced Waterparks

Mid-priced theme parks in the UK average 202 facilities and rates of £85. Having a waterpark can increase the average facility rate up to £145 for a mid-priced theme park. Mid-priced theme parks come in two types: (1) Without Food & Beverage and (2) With Food & Beverage.

Only a few mid-priced theme parks Without F&B have expanded their pools or added waterparks. Food is important when attracting the family market. There is usually a restaurant next door.

More often, it is the mid-priced theme parks With F&B that are adding waterparks --- as they are more attractive to waterpark families with kids up to age 14. Leisure travelers using an waterpark want to be able to get deli-style snack food inside the waterpark and enjoy an evening meal in the theme park restaurant. Obviously, the decision to build a waterpark depends upon many factors, such as site selection, lodging-recreation supply & demand, population, household incomes and the number of families with kids up to age 14 within 200 miles. Two other important factors are proximity to major markets and access to interstate highways. However, if market demand is present, a Mid-Priced Theme park with 200 facilities will likely support a 30,000 sf waterpark. Construction costs of the waterpark will vary between £263 and £300 per square foot. One waterslide can cost £100,000. In addition to square footage, the major cost variables ...