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Murray State University·Kentucky

RFP-226L-26, Athletics Feasibility Study for Mixed-Use Development and Entertainment Village

Closes 5/8/2026$150k – $500kRequest for Proposal
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Description

Murray State University’s Department of Athletics is seeking a qualified consulting firm to produce a comprehensive feasibility study for a mixed‑use “Entertainment Village” anchored by athletics‑related facilities. The study must cover market analysis, site evaluation, financial modeling, development‑delivery options (including P3 structures), athletics integration, economic impact, and an implementation roadmap, culminating in interim, draft, and final reports plus an executive summary and presentation. The vendor must demonstrate experience on comparable $25‑200 M mixed‑use projects, preferably with Division I athletics or higher‑education clients, and possess strong real‑estate finance and P3 expertise. • Deliver a full feasibility package (interim findings, draft, final report, executive summary, presentation). • Perform market demand, competitive set, and NIL activation analysis; assess site constraints and develop financial pro‑forma with sensitivity tests. • Recommend development and delivery models, evaluate risk allocation, and produce a phased implementation timeline.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Darcie Liddle(Interim Director, Procurement Services)

[email protected]

(270) 809-4762

Key dates

Opened
4/9/2026
Questions due
4/22/2026
Closes
5/8/2026
Duration
6 months

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
RFP‑226L‑26

Budget estimate

$150,000 – $500,000

No contract value is disclosed. Feasibility studies for projects of $25‑200 M typically command fees ranging from $150 K for a modest scope up to $500 K for a comprehensive, multi‑disciplinary effort that includes market, financial, and stakeholder analyses. Assuming a mid‑range effort with extensive deliverables, the award could fall between $150 K and $500 K.

AI estimate from the solicitation

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