For Information Purposes Only P3 Versailles EntertainmentCom

The City of Versailles, Kentucky, issued a Request for Proposals (RFP 785 2200000076) seeking qualified private partners to develop and operate an entertainment complex at 525 Marsailles Road in Versailles. This procurement solicits proposals for either an economic development lease agreement or a public-private partnership (P3) arrangement to lease, design, build, finance, operate, and/or maintain an approximately 76,000 square-foot facility. The entertainment complex must provide diverse attractions including bowling lanes, arcades, miniature golf, laser tag, golf simulators, indoor playgrounds, trampolines, virtual reality experiences, and movie theaters, with mandatory food and beverage services. Respondents must submit six hardcopies and one electronic copy of proposals in 8.5" x 11" format to Versailles City Hall, 196 South Main Street, Versailles, Kentucky 40383. The RFP evaluation criteria consist of technical criteria addressing financial strength, expertise and experience, and design concept (maximum 500 points); cost proposal criteria evaluating the proposed cost of solutions (maximum 300 points); and oral presentation criteria (maximum 200 points), for a total of 1,000 possible points. Key timeline modifications established by Addendum 1 include: Final Written Questions due January 17, 2022; Final Response to Written Questions issued January 24, 2022; Proposals due January 31, 2022, at 4:00 p.m. EST; Oral Presentations scheduled for the week of February 14, 2022; and Private Partner Selection anticipated for the week of February 28, 2022. The City conducted a mandatory site visit and pre-proposal meeting on October 8, 2021, and the primary point of contact is Mayor Brian Traugott at BTraugott@versaillesky.com.

The RFP includes specific preferences for small businesses as subcontractors, resident bidders, and qualified bidders as defined under Kentucky statutes. Lease proposals should incorporate innovative structures, including reduced base rent to recoup improvement costs and revenue sharing through percentage rent, with the City's primary contribution being acquisition of the project site. P3 proposals must assume the City will provide no upfront funds, with payments derived from City appropriations; however, any P3 Agreement exceeding 30 percent of the City's general fund revenues requires Commonwealth Local Government P3 Board review and approval as well as execution by Versailles City Council. The respondent must maintain public liability insurance, provide performance and payment bonds if applicable, conduct targeted advertisement in Woodford, Scott, Franklin, and Anderson Counties, and host a mandatory "Versailles Day" event for local children every other month. No incumbent vendor information or existing infrastructure integration requirements were specified in the available documentation. The RFP does not provide explicit budget ranges or award values; however, proposals may be structured as annual lease arrangements with percentage rent payments and escalation terms or as lump-sum P3 costs with revenue-sharing arrangements, with respondents required to identify estimated investment amounts for facility fit-up and demonstrate capacity to serve the Versailles community and surrounding areas.