(Annapolis, Md, 8/16/18): Governor Larry Hogan announced today that he has authorized the Maryland Stadium Authority (MSA), in conjunction with the Town of Ocean City, to move forward with the final phase of the Roland E. Powell Convention Center addition and renovation.
The $34 million project will be funded via $20 million from the state of Maryland through the MSA, and Ocean City’s contribution of $14 million.
“This facility has long been an important economic driver for Ocean City, bringing in thousands of visitors for conferences and events like MACo and allowing local businesses to stay open and continue to hire year-round,” said Governor Hogan. “I want to thank Mayor Meehan, as well as the team at the Maryland Stadium Authority, for working with us to make today’s announcement possible. With their partnership, we are able to speed up this important project, which is expected to have an economic impact of as much as $67 million and continue creating jobs right here on the Eastern Shore.”
Governor Hogan made the announcement in Ocean City at the Convention Center during the Maryland Association of Counties (MACo) 2018 Summer Conference. He was joined by joined by Ocean City Mayor Richard Meehan, Maryland Stadium Authority Chairman Tom Kelso and Executive Director Michael Frenz, and Ocean City Convention Center Executive Director Larry Noccolino.
Legislation will be submitted for the 2019 session of the Maryland General Assembly to allow MSA the needed capacity to finance the project
The Convention Center brings visitors to Ocean City year-round and allows local businesses to stay open even during the off-season, in addition to providing full-time emloyment for Marylanders. Currently, the convention center has existing clients whose events have outgrown the facility and may seek out-of-state alternatives.
“The expansion of the Convention Center is important to Ocean City and the State of Maryland. Not only does the Convention Center generate revenue locally but has a positive economic impact on the State,” said Mayor Meehan. “We are thankful for the support of Governor Hogan and the partnership with the Maryland Stadium Authority.”
Market research suggests that the expansion will allow the convention center to better accommodate existing users, as well as attract new business in niches that are well-suited to Ocean City’s strengths, including state and regional organizations, trade shows, and sports competitions that attract overnight attendees who look for affordable family-friendly destinations. The expansion is expected to create between 470 and 670 new jobs.
“The Maryland Stadium Authority values our successful partnership with the Town of Ocean City and is pleased to partner once again on a project that provides enjoyment and a positive return on investment for Marylanders,” said Chairman Kelso.
MSA previously partnered with the Town of Ocean City on two additional expansions of the Ocean City Convention Center since the original expansion in 1996.
The Roland E. Powell Ocean City Convention Center currently offers approximately 60,000 square feet of exhibit space, 19,126 square feet of ballroom space, 23,295 square feet of meeting space, a 1,200 seat Performing Arts Center and 1,320 parking spaces. The conceptual design documents suggest that the existing site is capable of accommodating an expansion of the exhibit hall space by 30,000 square feet, and will address the resulting parking needs of the facility. The Town of Ocean City will again request that MSA manage design and construction.