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<br /> <br />MARKET ANALYSIS <br />City of Elk River, MN <br />Feasibility Study * <br />Page 55 <br /> <br />The Elk River area is dotted with a wide variety of rental halls that are capable of hosting an event. <br />On one end of the spectrum there are facilities like the American Legion to room rentals at Trott <br />Brook Barn and Lion’s Park to banquet facilities at the Elk River Golf Course to banquet centers like <br />the Woods in Otsego. <br /> <br />. <br /> <br /> American Legion Elk River Golf Course Ostego Banquet <br /> <br /> <br />One of the frequently heard comments during the stkeholder meetings was the need for more <br />meeting room and banquest sized facilities in Elk River. Although there is a significant inventory <br />of rental spaces in the community the size, cost and avaialability can be issues. The table below <br />list some of the banquest facilities in the area. <br /> <br />Area Banquet Facilities <br /> <br />Facility Banquet Capacity Fee Range Notes <br />Friendly Buffalo 150 people $625-$950 Food requirements <br />Monticello Comm. Center 300 people $80 - $151/hr Does not include kitchen fees <br />Rockwoods 320 people $900-$1,100 Food requirements <br />Holiday Inn 150 people $500 - $600 Food requirements <br /> <br />APPENDIX B