Financial and business advisory RFP issued for Arena project in El Paso

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The Department of Purchasing and Strategic Sourcing of the city of El Paso, Texas, USA has issued an RFP seeking financial and business advisory consulting service for the Multipurpose entertainment center project in El Paso. The project involves design, build, partially finance and operation of multipurpose performing arts and entertainment center-arena in downtown El Paso. The consultant will provide the city the expertise and advice on public-private partnerships.

The Arena will have a seating capacity of 15,000 seats. It will be used for concerts and programs, community events, semi-professional sporting events, amateur sporting events, high school and college events, family entertainment, tournaments, and other events.

The estimated cost for development of the arena is US$ 250 million. This project had been stalled due to several lawsuits between the city and historic preservationist Max Grossman and residents of the neighborhood. The city has spent US$ 2.59 million in legal costs for the arena project.

The deadline to submit the responses to RFP is May 15, 2019.

Sam Rodriguez, the city's engineer and director of the Capital Improvement Department, said that the city has not decided whether it will develop the arena through PPP procedure. He said - "I want to make sure that you're not getting the intention that we've made a decision to go do a P3, we are definitely going to consider it, I can tell you that. That's the reason we're procuring this consultant so that he can help us make that decision when we are ready to make that decision."

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