Overview: A group of local businesses, known as the Business Group ( ), has formed for the purpose of marketing Ketchum’s diverse attractions to the public in ½ of the -owned public space at 491 Sun Valley Road (based on mutually agreed square foot measurements). The space would be:
Elements in the space would emphasize the extraordinary qualities and richness that have consistently attracted people - from ski-bums to families to weekend business travelers to retirees - to live here, whether they ultimately support themselves through employment, business start-ups, location-neutral businesses, personal wealth, or retirement funds. The space would mostly market , but also portray in its incredible context, i.e. the Wood River Valley and beyond to Craters of the Moon to Stanley. As residents, we know no one can fully grasp this area in even a one-month visit but visitors need to fully appreciate that. After all, you can’t be interested in what you don’t know exists!
The Space: The currently available space of 2,000 square feet would be opened up entirely, except for a small office for management. It would be homey: colorfully painted and decorated with 3-4 comfortable armchairs (as well as other chairs), a gas-burning stove, rotating local artist works, books, newspapers, up-to-date magazines – and perhaps a shelter dog named “Town Square” or “Plaza.” There would be a welcoming space for families with kids: toys, video games, as well as room for kid-to-kid and teen-to-teen mingling. Complimentary coffee and tea would be available. Restaurants willing to provide immediate delivery at the space on food orders would advertise that service.
The space would offer intriguing information about on walls, posts, and pillars:
These displays would incorporate computer-based information, locally-prepared videos, written and visual marketing materials, photos, and local products to introduce visitors to the many aspects of Ketchum’s social, economic, athletic, healthy, spiritual, and cultural life. Low-level western-themed background music would play. The spirit of the space would be energetic, up-to-date, fun, and interactive. For example:
1. A video loop might show Steve Miller playing a guitar made by a local instrument maker, or a hat being embroidered by a local company, or a meal being cooked by a local chef. Another loop might show Chorale, Sun Valley Symphony, and Sun Valley Opera performances. Another might show our various artists at work.
2. O could rent a two-sided plastic marketing envelope of varying sizes that would hang from a semicircular brushed metal bar attached to a wall or post that visitors could flip through - like fabric samples. The envelopes would be grouped by sector: restaurants, retail stores, guide businesses, educational institutions, non-profits, tourist sights, arts and culture organizations, historical sites, etc.
3. A film, video loop, and/or photos could show Ketchum’s history, accompanied by circulating items from Ketchum’s Historical Museum.
Management: The space would be staffed by knowledgeable and service-conscious people – many of them volunteers - including young professionals and older citizens. They would be trained to “sell” local fun, entrepreneurial and small business opportunities, and Ketchum’s overall strengths to visitors. In high season, the space would be open seven days a week, including holidays, from 8 am to 8 pm. Final staffing and other proposal details, especially for the shoulder seasons, have yet to be determined by , pending more information from the .
Marketing. The space would be marketed to the public by all businesses through word-of-mouth, brochure display, and their websites, as well as on government websites and other marketing media and opportunities. The KGB would also expect the to supply signage at up to no fewer than eight significant points through the city pointing toward the space .
Funding. F for the space’s rental from the would come from:
Responses to The has responded below to the parameters set by the for a lease agreement. Note that our responses, in certain cases, vary from the URA’s parameters. parameters for 491 Sun Valley Road.
1. The Business Group intends to enter into a lease agreement with the should it be selected as the Operator. However, the Group needs a reasonable amount of time to establish itself as a for-profit, cooperative, or not-for-profit business and to prepare a business plan based on information requested by the from the . The yet-to-be-finalized plan would satisfy both KBG’s and the URA’s goals.
The There may also be questions asked by the which would be expected to answer in that time frame. asks for two weeks from today to supply the with requested information so that the Group may finalize its planning.
2. The has indicated its intent to be open for business seven (7) days per week. Going beyond requirements, we also intend to open the space on holidays.
3. The would expect the to undertake tenant improvements cited by law as its responsibilities, i.e. rehabilitation of the existing deteriorating space for use by a business-generating entity, including:
5. The estimated annual cost of the lease will be determined based on a competitive market rate per square foot per year, as determined by three independent parties.
6. may pay for all monthly utility costs including water, sewer, electric, gas and trash pickup, pending negotiations with the . The will pay outdoor winter and summer maintenance on the Town Square, and winter snow removal costs from the front of and back doors of the space. No property taxes are assessed.
7. The lease term will be for three (3) years with two extensions of duration subject to terms negotiated by both parties.
8. The will obtain a valid Business License and any other necessary licenses.
Evaluation criteria. The responds below, point by point, to the criteria set by the for evaluating proposals for leasing 491 Sun Valley Road. Note that our responses, in certain cases, vary from criteria:
1. History and experience of the operator. The , while a new entity, is composed of well-established business owners known to the city who possess a diverse array of experience in retail, real estate, commercial, high technology, food services, and other types of business. These businesses are well-known by the city and the as a major, ongoing source of tax income.
Once formed, the If we form as a partnership or corporation, we are willing to submit evidence that we are authorized to do business in the State of Idaho. will be able to supply the with any requested credit information, financial statements and/or an affidavit stating that we are not in default in payment on any taxes, excises or license fees due.
2. The expects that the , as owner of 491 Sun Valley Road, will supply statistics as to the current daily and seasonal level of foot traffic generated by its current uses. This will be factored into our estimates of expected foot traffic, again to be indicated in our business plan after receipt of this information.
3. Revenue benefits to the will be:
5. The will open the space by July 1, 2011 – based on the city’s timely collaboration on renovations. If the city is unable to collaborate on renovations for any reason, the will negotiate with the city regarding other means of renovation through its own contacts and opportunities. The opening date for the space will shift further into the summer accordingly.
Before ending this proposal, the Business Group wants to emphasize, again, its purpose in seeking to rent space at 491 Sun Valley Road. Our marketing message is:
is so beautiful, so diverse in its opportunities, so rich in its sense of community, so replete with arts and culture, so full of recreational opportunities, so supportive of business diversity, so “balanced” in its approach to life that YOU would love to, and should be living, here!!!
The objective of the message would be to:
Our aim is to stimulate a growing (not shrinking) population of diverse interests and ages, an enlarged tax base, more income for established businesses and therefore more jobs, an influx of more high-tech and young professional people, and a vital and thriving economic community.