4-Exhibit E Market Data.pdf
PDF 38 KB Posted
- Attached to
- Hotel and Entertainment District Master Developer State and local contract opportunity
- Solicitation number
- RFP26031
- Issued by
- Cass County, North Dakota
About this file
This is a market data exhibit supporting an RFP for a Hotel and Entertainment District Master Developer project jointly issued by the Fargo Dome Authority and North Dakota State University for development on NDSU-owned land adjacent to the Fargodome in Fargo, North Dakota. The document provides institutional, visitor, transportation, and economic development context relevant to the project site. NDSU enrollment data from Fall 2021 through Fall 2025 shows relatively stable total enrollment averaging approximately 12,000 students, with roughly 40 percent from North Dakota and 44 percent from Minnesota. Campus visit metrics indicate steady traffic of approximately 7,000 annual visits, while athletic event attendance at the Scheels Center ranges from 38,000 to 45,000 annually. The Fargodome generates significant annual event attendance, ranging from 329,073 visitors in 2025 to 593,489 in 2016, demonstrating strong event hosting capacity and visitor draw.
The site demonstrates strong access and infrastructure capacity supporting development potential. Annual airport enplanements and deplanements at Hector International Airport (FAR) total approximately 546,000 each direction, while the regional transit system provides approximately 1.2 million annual rides. Vehicle traffic on University Drive ranges from 7,500 to 17,000 daily vehicles, and 10th Street accommodates 6,000 to 11,000 daily vehicles, indicating substantial connectivity. Recent construction activity in Fargo shows strong development momentum, with 1,800 building permits valued at $685.4 million issued in 2024. The City of Fargo offers economic development incentives including Tax Increment Financing (TIF) with 15-year terms for redevelopment and public infrastructure projects, plus Payment In Lieu of Taxes (PILOT) programs with variable terms for industrial and commercial uses, providing financial tools to support the proposed hotel and entertainment district development.
View the file
Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| 3-Exhibit D Convention Center Traffic Overview.pdf | ||
| 7-RFP HFBE Master Developer FINAL.pdf | ||
| 2-Exhibit C Infrastructure Readiness and Untilities Plan.pdf | ||
| 5-Exhibit F Second Phase RFP Convention Center.pdf | ||
| 6-Exhibit B Site and Conceptual Plans Renderings.pdf | ||
| 1-Exhibit A Site Arieal.pdf |
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Text version
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North District Development – RFP Market Data for Consideration Date: November 12, 2025
Section 1 – Institutional Scale & Growth Table 1. NDSU Enrollment & Demographics (Fall Census)
Year Total Enrollment Undergraduate Graduate Professional International Residency
2025 11,952 9,709 2,030 213 855 ND 39.2%; MN 44.3%; Other states
7.7%; Intl 7.2%
2024 11,952 9,762 1,980 210 823 ND 39.7%; MN 46.4%; Other states
7.2%; Intl 6.9%
2023 12,242 9,791 1,945 216 774 ND 39.6%; MN 45.2%; Other states
7.1%; Intl 6.5%
2022 12,461 10,096 1,902 244 762 ND 39.9%; MN 45.4%; Other states
5.7%; Intl 6.2%;
2021 12,846 10,199 1,962 300 684 ND 40.6%; MN 45.2%; Other states
5.7%; Intl 5.5%
Sources (Table 1):
- Fall 2025 Enrollment Census Summary (PDF):
https://www.ndsu.edu/sites/default/files/documents/2610.pdf
- Fall 2024 Enrollment Census Summary (PDF):
https://www.ndsu.edu/sites/default/files/fileadmin/oira/Summary/2510.pdf
- Fall 2023 Enrollment Census Summary (PDF):
https://www.ndsu.edu/sites/default/files/fileadmin/oira/Summary/2410.pdf
- Fall 2022 Enrollment Census Summary (PDF):
https://www.ndsu.edu/sites/default/files/fileadmin/oira/Summary/2310.pdf
- Fall 2021 Enrollment Census Summary (PDF):
https://www.ndsu.edu/sites/default/files/fileadmin/oira/Summary/2210.pdf
Table 2. NDSU Campus Visits, Athletic Event Tickets Out, & Scheels Center Attendance
Description 2021-22 2022-23 2023-24 2024-25
Visits 6,999 6,157 7,193 7,181
Tickets Out - 235,675 206,131 246,258
Scheels Center*
- 38,119 43,833 45,330
* Attendance of men’s basketball, women’s basketball, and wrestling.
Source (Table 2):
- Data provided by NDSU Office of Admission and NDSU Athletics
Exhibit E
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Section 2 – Visitor, Event, and Tourism Metrics Table 3. FARGODOME Event Attendance
Year Total Attendance
2025 329,073
2024 481,690
2023 464,813
2022 431,534
2021 462,950
2020 100,208
2019 535,224
2018 522,883
2017 539,428
2016 593,489
2015 565,914
Source (Table 3): City of Fargo 20244 ACFR – Operating Indicators by Function/Program:
https://download.fargond.gov/0/city_of_fargo_2024_final_financial_statements.pdf
Section 3 – Access, Land, and Infrastructure Table 4. Site Access & Transportation Data
Mode Metric Annual/Daily Volume
Airport (FAR) Enplanements/Deplanements 546,787/546,049 (2024); 516,071/516,426 (2023)
Transit (MATBUS) System annual rides ~1,200,000 (2023)
Vehicle Traffic (University Dr) Daily volume range ~7,500 (near 19th Ave N) to ~17,000 (north of Main Ave)
Vehicle Traffic (10th Street) Daily volume range ~6,000 (near 19th Ave N) to ~11,000 (south of Main Ave)
Sources (Table 4):
- FAR 2024 Year-End: https://www.fargoairport.com/december-2024-year-end-statistics/
- FAR 2023 Year-End: https://www.fargoairport.com/december-2023-year-end-statistics/
- MATBUS ridership notice: https://matbus.com/news-events/matbus-news/post-detail?id=662bcc6c059cab00b963f782
- Metro COG – University & 10th Corridor Existing Conditions (PDF):
https://www.fmmetrocog.org/application/files/2316/8373/8350/University_Dr__10th_Street_-
_Existing_Conditions_Report_7.18.2022.pdf
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Section 4 – Access, Land, and Infrastructure Table 5. Construction Activity Proxy: City of Fargo – Summary of Building Permits Issued
Year Number Value ($)
2024 1,800 685,398,499
2023 1,957 783,609,707
2022 1,942 853,965,889
2021 2,147 763,343,826
2020 2,147 720,251,192
2019 2,027 381,215,695
2018 2,131 515,098,744
2017 2,514 474,814,406
2016 2,543 493,790,204
2015 2,460 500,745,730
Source (Table 5): City of Fargo 2024 ACFR – Summary of Building Permits Issued:
https://download.fargond.gov/0/city_of_fargo_2024_final_financial_statements.pdf
Table 6. Economic Development Incentives
Program Type Eligible Uses Term (Years)
Tax Increment Financing
(TIF)
Property tax capture
Redevelopment/public infrastructure
15-years / Potential extension available based on policy
Payment In Lieu of Taxes
(PILOT)
Property tax abatement
Industrial/commercial Various - dependent on project
Source (Table 6): City of Fargo Economic Development Incentives Policies & Guidelines -https://fargond.gov/city-government/departments/administration/policies-and-projects
Exhibit G
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