Specifications include, but are not limited to: 1) Review of the Sedgwick County parimutuel market potential, including without limitation, estimated potential gross parimutuel revenues in counties within Sedgwick County and likely employment impacts. 2) Assessment of the potential customer in the market segment. 3) A quantitative assessment of the customer base in the market. 4) Evaluation of each proposal’s ability to attract local and regional visitation. 5) Estimate of the local and state revenue to be generated by each proposal. 6) Estimate of the cost to local and state governments to provide services to the facilities, including without limitation, traffic issues. 7) Review of social impacts. 8) Development of independent revenue projections for each prospective parimutuel facility manager proposal. 9) Assistance in specifying and designing criteria for the evaluation of parimutuel facility manager proposals submitted, including: a. Specification of minimum standards required for consideration. b. Decision-making processes by appropriate bodies. c. Designation of criteria on which final selections will be made. d. Clarification of areas of weakness or vulnerability in the competitive bid process. e. Implications of experiences of other jurisdictions in the competitive bidding processes, including without limitation, important lessons for decision-makers in Kansas. 10) Review of the financial suitability and stability of each parimutuel facility manager’s proposal. This would include background research and financial evaluation of the companies or consortiums submitting each parimutuel facility management contract, including without limitation, an evaluation of the risks associated with the corporate ownership structure for the parimutuel facility manager entity from both the facility manager’s and State’s perspectives.
