| Keenan Development�s transaction
structure for the Madren Center,
Martin Inn and Walker Golf Course
included the combination of
approximately 14 different revenue
sources to create a public/private
partnership, resulting in 40,000
square feet of conference and meeting
space overlooking Lake Hartwell. |
| |
Located in the foothills of the Blue Ridge
Mountains, the Upstate of South Carolina is the
fastest-growing region of the state and home to
Clemson University, a nationally recognized
research and academic institution. Clemson
University wanted to build a conference center
and economic development attraction for the
Upstate region, which would also support the
University�s desire to accommodate a thriving
conference practice. Keenan Development was
selected as the private sector partner to develop
a unique, $20 million public/private project
encompassing an inn, state-of-the-art conference
center and golf course.
Keenan Development�s transaction structure
included the combination of approximately 14
different revenue sources to create a public/
private partnership, resulting in 40,000 square
feet of conference and meeting space overlooking
Lake Hartwell. |
Included in the project are
sophisticated telecommunications and distance
learning technologies and auditoriums. The 89-
room Martin Inn was developed in conjunction
with the center and complements the economics
of the transaction with additional revenues and
overnight accommodations.
Rounding out the venture is the 18-hole Walker
Golf Course, home course of Clemson
University�s championship golf team.
As is the case with all Keenan Development
projects, the Madren Center, Martin Inn and
Walker Course were completed on time and
within budget.
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