Medical University District

The Eastern Region of Ghana has no tertiary hospital. The nearest advanced care facility is hours away in Accra. For emergency care, complex surgery, or serious illness, people must travel or go without. Many do not survive the journey.

Ghana's Ministry of Health owns all six tertiary teaching hospitals in the country (Korle-Bu, Komfo Anokye, Tamale, Cape Coast, Ho, Sunyani). There are no privately-owned tertiary hospitals. This is national policy to ensure healthcare remains accessible through the National Health Insurance Scheme.

The government knows Eastern Region needs a hospital. A €70 million project was started but stalled when the contractor walked due to non-payment. The need remains urgent, but the government lacks capital to restart construction.

Our solution: We provide the hospital to Ghana with zero government borrowing and zero upfront capital. Ghana agrees to pay rent over 40 years—much easier to budget than finding capital now. They own the building forever. We finance construction, stabilize operations, sell the income stream, and exit.

Because Ghana's credit is stronger than a private tenant, and because we enhance the rent structure to account for currency and political risk, we create a spread through cap rate compression. That spread is profit.

→ For detailed technical information, see Hospital Component in the left-hand menu.

Webster University operated a campus in Ghana until COVID forced closure. They want to return, but with a stronger foundation.

This university serves as Ghana's national scientific infrastructure:

• Weather and climate data to World Meteorological Organization standards
• Agricultural information – crop mapping, soil data, irrigation systems
• Hydrological monitoring – flood warning, water management
• Health informatics – integrated with the teaching hospital

This isn't just education. It's baseline infrastructure like electrical, plumbing, sanitary systems. Farmers need to know when to plant. Cities need flood data. The government needs real information to plan instead of guessing.

Ghana currently lacks this meteorological and agricultural data backbone. The university provides it while also delivering Webster's academic programs in business, healthcare, and technology.

Same structure: Ghana owns the campus forever, pays rent, we finance and exit.

→ For detailed technical information, see University Component in the left-hand menu.

Ghana's national football team—the Black Stars—currently plays AFCON qualifiers outside Ghana because the Confederation of African Football (CAF) withdrew approval from Baba Yara Stadium. Ghana has only one conditionally-approved venue left.

There are zero covered stadiums in Ghana. Zero in all of West Africa.

A covered, FIFA-certified stadium would:

• Host international matches (CAF has nowhere else to send them)
• Attract major concert tours (climate-controlled, rain-proof)
• Support Ghana's 2038 World Cup aspirations
• Anchor an entertainment district with hotels, restaurants, retail

This is national infrastructure that generates pride and tourism revenue while solving an immediate crisis for Ghana Football Association.

→ For detailed technical information, see Stadium Component in the left-hand menu.

We borrow at 8% during construction when risk is high. Once the building is complete and a government tenant is paying rent, risk drops. Investors will accept 6% returns for that security, so they pay more for the same income stream.

Example – Hospital:

Borrow $154M at 8%	$12.3M annual payment
Ghana pays us rent	$12.3M/year
We sell at 6% cap rate	$12.3M ÷ 6% = $205M
Profit	$205M - $154M = $51M

Ghana's credit enhancement compresses the cap rate further, creating additional value. This spread between construction cost and sale price is where we make money on the exit.

Percentage Retainage: Beyond the exit profit, the facilities generate revenue from medical tourism, stadium events, and research contracts. We retain a percentage of that income over time. This residual profit roughly doubles the exit profit.

Hospital construction is among the most expensive building types due to:

• Complex mechanical systems – Medical gas systems, specialized HVAC, backup power
• Specialized rooms – Operating theaters, ICU units, imaging suites with heavy equipment
• Safety requirements – Fire protection, infection control, emergency systems
• High-tech equipment – MRI, CT scanners, surgical equipment integrated into building

Teaching hospital requirements add:

• Training facilities and simulation centers
• Research laboratories
• Advanced imaging and diagnostic capabilities
• Premium patient accommodations for medical tourism

Recent Hospital Projects (2016-2024):

Project	Beds	Total Cost	Cost/Bed
University of Ghana Medical Centre	617	$217M	$352,000
Ridge Hospital (Phase 1)	420	$250M	$595,000
Agenda 111 District Hospitals	100	$17M	$170,000

What This Tells Us:

• Teaching/Specialty Hospitals: $350,000-595,000 per bed
• UGMC at $352,000/bed is the most relevant benchmark
• Basic District Hospitals: $130,000-170,000 per bed (not comparable)
• Our Planning Range: $350,000-400,000 per bed (UGMC cost + greenfield premium)

Greenfield Infrastructure Premium: 15-25% additional cost vs. urban sites with existing utilities. Shared infrastructure within medical city reduces per-building impact.

Major Components ($117M Base Example):

Component	Details	Cost
General Patient Wards	270 beds with medical tourism amenities	$27.0M
Intensive Care Unit	30 beds, TBI rehabilitation capability	$7.5M
Operating Theaters	6 advanced surgical suites	$18.0M
Medical Imaging	CT, MRI, X-ray, ultrasound	$8.0M
Laboratory Facilities	Clinical, pathology, dental lab	$4.0M
Mechanical & Electrical	HVAC, power, backup systems	$25.0M
Teaching Facilities	Classrooms, simulation, training	$5.0M
Site Infrastructure	Roads, utilities, helipad, parking	$6.0M
SUBTOTAL		$106.5M
Medical Hotel (optional)	50 rooms for international patients	$10.0M
TOTAL		$117.5M

NOT Included: Land, furniture, financing costs, professional fees, operating costs. Budget additional 20-30% for soft costs.

The hospital is designed as a medical tourism destination, which justifies higher construction standards:

Specialized Services:

• Advanced surgical capabilities (cosmetic, reconstructive, cardiac)
• Traumatic brain injury rehabilitation
• Kidney transplant program
• Advanced dental and oral surgery
• Medi-Vac helicopter capability

Cost Impact:

• Premium patient suites for international clientele
• Advanced surgical suites with latest technology
• Enhanced imaging and diagnostic capabilities
• International-standard patient amenities
• Helicopter landing infrastructure

These features increase construction costs but are necessary for the medical tourism business model and generate additional revenue beyond base hospital operations.

District Hospital Limitations (Agenda 111 Model):

• Cost: $17M for 100 beds ($170,000/bed)
• Basic district services only
• Standard design, minimal specialization
• No advanced surgical capabilities
• Limited diagnostic imaging
• Cannot attract international patients
• Insufficient scale for specialized services

Tertiary Hospital Requirements:

• Cost: $120M for 300 beds ($400,000/bed)
• Advanced surgical and diagnostic capabilities
• Teaching and simulation facilities
• Medical tourism infrastructure
• Research capabilities
• Comprehensive specialized services

Why Scale Matters:

• Attracts international patients and revenue
• Supports training and academic partnerships
• Enables diversified services (cardiology, transplants, TBI rehab)
• Creates regional medical excellence center
• Justifies hotel and support infrastructure

The Reality: You cannot deliver a medical tourism destination teaching hospital at district hospital prices. The complexity, equipment, and standards are fundamentally different.

Our Estimate Is Defensible Because:

1. Based on Verified Projects

• UGMC actual cost: $352,000/bed (most relevant comparable)
• Ridge Hospital actual cost: $595,000/bed (urban premium site)
• Our estimate: $390,000-467,000/bed (between the two benchmarks)

2. Accounts for Greenfield Reality

• 15-25% infrastructure premium documented in industry standards
• Shared infrastructure within medical city reduces per-building impact
• Conservative assumption but realistic

3. Includes Required Complexity

• Teaching hospital requirements (labs, training facilities)
• Medical tourism standards (premium finishes, international amenities)
• Advanced capabilities (cardiac, transplant, TBI rehab)

4. Square Footage Validates Costs

• Typical 300-bed teaching hospital: ~250,000 SF
• At $117M: $468/SF | At $140M: $560/SF
• US Hospital Comparison: $440-625/SF
• Our range appropriately below US costs while maintaining quality

Bottom Line: A 300-bed teaching hospital designed for medical tourism on a greenfield site will realistically cost $117-140 million. Use $350,000 per bed as the baseline planning number.

The infrastructure role transforms this from "another private university" to "national scientific institution with Webster academic partnership." This unlocks specialized funding streams unavailable to traditional universities.

Weather & Climate Infrastructure:

• World Meteorological Organization (WMO) standards compliance
• Global Basic Observational Network (GBON) integration
• Climate monitoring for disaster preparedness
• Funding pathways: WMO SOFF grants, Green Climate Fund, CREWS Initiative

Agricultural Information Systems:

• Crop mapping and soil databases
• Irrigation system optimization
• Food security planning
• Funding pathways: CGIAR (agricultural research consortium), FASA (Feed Africa)
• Note: While USAID Feed the Future has historically supported agricultural infrastructure, current U.S. foreign aid policies create uncertainty around this pathway

Medicinal Plants & Traditional Medicine:

• Ethnobotany research preserving traditional knowledge
• Pharmacognosy training (drug development from plants)
• Intellectual property development for Ghana
• Funding pathways: NIH Fogarty grants, NCI Natural Products program, WHO Traditional Medicine

Water & Hydrology:

• Flood warning systems
• Hydrological monitoring
• Water resource management
• Funding pathways: Alliance for Hydromet Development, World Bank water infrastructure

Health Informatics:

• Integration with teaching hospital data systems
• National health tracking and planning
• Research coordination
• Funding pathways: IFC Health, Mastercard Foundation (precedent: $275M to Carnegie Mellon Africa)

Data Center Processing Infrastructure:

• Processing capacity for all above systems
• Real-time analysis capabilities
• Government and public data access
• Funding pathways: World Bank digital transformation, AfDB ICT infrastructure

Why This Matters: Each infrastructure function has its own grant/loan pathway that reduces equity requirements. Traditional universities cannot access WMO, NIH, or agricultural infrastructure funding—these are reserved for national scientific institutions.

Webster University Background:

• Founded 1915, St. Louis, Missouri
• 9 international campuses across North America, Europe, Asia
• Ranked #70 nationally (top 5%) for hosting international students
• Study abroad programs ranked top 2% of 1,500 U.S. colleges
• 3,542 international students from 65 countries (2024)

Health Sciences Programs (Direct Support for Hospital):

Program	Degree	National Ranking	Hospital Role
Nursing	RN to BSN, MSN	#106	Trains hospital nursing staff, nurse educators
Nurse Anesthesia	DNAP	#68	Critical for surgical services, anesthesia teams
Health Administration	MHA	#81	Hospital management, operations, finance
Exercise Science	BS	N/A	Sports medicine, rehabilitation, athletic training

Business & Technology Programs:

• Business Administration (MBA, BA)
• Information Technology Management
• Cybersecurity Operations
• Data Analytics
• International Relations

Other Academic Strengths:

• Psychology and Counseling
• Environmental Management (MS)
• Education programs (teacher training)
• Film Studies and Communications

Africa Experience:

• Operated Ghana campus 2013-2023 (10 years)
• Trained Cameroonian nurse anesthetists in regional anesthesia techniques
• Students completed research projects supporting African healthcare systems
• Experience with international healthcare partnerships

Unique Distinction: Webster's chess team has been ranked #1 in U.S. collegiate chess for 13 consecutive years, winning 7 national championships—more than any other team. This demonstrates Webster's commitment to excellence in specialized areas beyond traditional academics.

The Challenge: The tertiary teaching hospital requires medical students and residents rotating through for clinical training. Webster University does not grant MD degrees (MBChB in Ghana system).

The Solution: Hybrid Partnership Model

Component	Provider	Capability
Medical School (MBChB)	Ghana partner university (UGMS, KNUST, or UDS)	MD degree program Medical student rotations through hospital
Nursing Programs (BSN, MSN)	Webster University	Direct delivery - ranked #106 nationally Trains hospital nursing staff
Nurse Anesthesia (DNAP)	Webster University	Direct delivery - ranked #68 nationally Already training Cameroonian anesthetists
Health Administration (MHA)	Webster University	Direct delivery - ranked #81 nationally Hospital management training
Pharmacognosy/Herbology	KNUST + Webster joint program	Traditional medicine research Drug development from plants
Allied Health (PT, Lab Sciences)	Webster + Ghana partners	Physical therapy, laboratory sciences Health informatics, radiology technology

The Pitch to Ghana Medical Schools:

"Your medical school sends students to OUR teaching hospital for clinical rotations, while Webster provides the nursing and allied health programs that support hospital operations."

Precedent: This mirrors how University of Ghana Medical School (UGMS) hosted University for Development Studies (UDS) medical students for clinical training before Tamale Teaching Hospital was upgraded.

Integration Timeline:

• Year 1: Hospital opens, Webster nursing and health administration programs begin, partnership discussions with Ghana medical schools
• Year 2-3: Medical school partnership formalized, first MD students begin rotations
• Year 3+: Full integration - hospital serves as teaching facility for multiple programs

Important Note: The medical school component (MBChB degree) will operate through partnership with an existing Ghana medical school. Webster provides nursing, allied health, and hospital support programs—not the MD degree itself. This ensures integration with Ghana's existing medical education system and Ministry of Health requirements.

The university is not a standalone enterprise—it's designed to directly support the tertiary teaching hospital while serving national infrastructure needs.

Nursing Workforce Pipeline:

• RN to BSN program trains and upgrades existing nurses
• MSN program creates nurse educators and nurse leaders for hospital
• DNAP program provides anesthesia specialists critical for surgical services
• Programs ranked top 110 nationally—Ghana gets U.S.-quality nursing education
• Students complete clinical rotations at the teaching hospital

Hospital Management & Administration:

• Master of Health Administration (MHA) program trains hospital administrators
• Business programs provide operational management skills
• Data analytics programs support hospital quality improvement
• Financial management training for healthcare settings

Sports Medicine & Stadium Integration:

• Exercise Science program provides sports medicine specialists
• Hospital sports medicine clinic serves stadium athletes
• Athletic training for stadium events
• Rehabilitation services for athletes and community
• Research on athletic performance and injury prevention
• Emergency medical services for stadium events

Research & Data Systems:

• Health informatics integration with hospital electronic records
• Traditional medicine research (pharmacognosy) supports hospital formulary
• Data center processes hospital research data
• Environmental health monitoring supports public health initiatives

Medical Tourism Support:

• International patient coordination (Webster has 65 nationalities on campus)
• Language and cultural services for medical tourists
• Family accommodations during patient treatment
• Rehabilitation and recovery programs (exercise science)

Community Health Education:

• Public health programs for community wellness
• Continuing education for healthcare workers
• Health promotion and disease prevention initiatives
• Integration with Ghana's National Health Insurance Scheme (NHIS)

The Bottom Line: The university provides the workforce, management expertise, research capacity, and support services that make the teaching hospital function at an international standard. Without the university, the hospital lacks the educational and administrative infrastructure required for tertiary care and medical tourism.

The university is strong and finds ways to support itself through multiple revenue streams beyond traditional tuition.

Infrastructure Service Contracts:

• Weather data services to Ghana Meteorological Agency
• Agricultural information services to Ministry of Food and Agriculture
• Hydrological monitoring contracts for water management authorities
• Health informatics services for Ministry of Health
• Data processing services for government agencies
• These contracts provide ongoing revenue while serving national needs

International Student Enrollment:

• Webster currently hosts 3,542 international students from 65 countries
• Ghana campus attracts students from across Africa and beyond
• International tuition rates support campus operations
• Study abroad programs bring revenue from Webster's global network

Research Grants & Partnerships:

• WMO grants for weather infrastructure
• NIH Fogarty grants for medicinal plants research
• CGIAR agricultural research funding
• Green Climate Fund for climate monitoring
• World Bank digital transformation grants
• Mastercard Foundation education partnerships (precedent: $275M to Carnegie Mellon Africa)

Hospital-Related Revenue:

• Nursing and health administration program tuition from hospital staff
• Continuing education for healthcare professionals
• Clinical research partnerships with pharmaceutical companies
• Medical tourism support services

Naming Rights & Sponsorships:

• Academic building naming rights for donors
• Endowed professorships and scholarship funds
• Corporate partnerships for specific programs (e.g., data analytics, cybersecurity)

Conference & Event Hosting:

• Regional academic conferences
• Professional development workshops
• Government and NGO training programs
• Use of campus facilities generates additional income

Why This Model Works:

Revenue Source	Sustainability Factor
Infrastructure Contracts	Ongoing government need for data services
International Students	Webster's global network drives enrollment
Research Grants	National infrastructure role unlocks specialized funding
Hospital Integration	Healthcare workforce needs drive nursing/health admin enrollment
Government Partnership	Ghana's investment in its own infrastructure

Previous Model vs. New Model:
Previous (2013-2023): Standalone private campus, tuition-dependent, vulnerable to enrollment fluctuations
New Model: National infrastructure institution with diversified revenue (infrastructure contracts + tuition + research grants + hospital integration + government partnership)

Cost: $141 million (based on Sovereign-AEC estimate)
Structure: Ghana owns forever, pays rent over 40 years, we finance and exit
Financing details: See Financial Structure in left-hand menu

Some may suggest building a smaller campus or technical training center. Here's why university scale ($141M, matching hospital scale) is necessary:

Bondable Lease Structure Requirements:

• Financial structure requires university scale ($141M) to match hospital component ($154M)
• Smaller campus lacks sufficient compression value for meaningful Ghana participation
• Institutional investors expect scale for long-term lease purchases
• Hospital + university together (~$300M) form core of $1.1B total development portfolio attractive to pension funds, insurance companies

Infrastructure Mission Requirements:

• Weather data center requires significant computing infrastructure
• Agricultural research needs laboratory and field research capacity
• Medicinal plants research requires specialized facilities
• Data processing center serves all above systems plus hospital informatics
• Small technical center cannot fulfill national infrastructure role

Academic Accreditation Standards:

• U.S. accreditation requires certain minimum facilities and programs
• Ghana GTEC (Tertiary Education Commission) requires comprehensive offerings
• Nursing and health programs require specific clinical facilities
• International student recruitment requires full university status

Hospital Support Requirements:

• Teaching hospital needs comprehensive nursing programs (BSN, MSN, DNAP)
• Hospital administration requires MBA and MHA programs
• Sports medicine requires exercise science infrastructure
• Research capacity requires graduate programs and faculty
• Small campus cannot provide workforce pipeline for tertiary hospital

Economic Viability:

• Fixed infrastructure costs (weather station, data center, laboratories) don't scale down proportionally
• International faculty recruitment requires critical mass of students and programs
• Research grants require demonstrated capacity - small programs don't qualify
• Operational sustainability requires diverse revenue streams only available at scale

The Reality: You cannot deliver national scientific infrastructure plus teaching hospital workforce support at technical college scale. The infrastructure requirements, accreditation standards, and financial structure all require comprehensive university development.

Comparison:

Item	Small Campus ($30-40M)	University Scale ($141M)
Infrastructure Role	Limited - cannot serve national needs	Comprehensive - full WMO/agricultural/health systems
Hospital Support	Basic nursing only	Full nursing, anesthesia, health admin, sports medicine
Research Capacity	Minimal - no grant eligibility	Extensive - unlocks WMO, NIH, World Bank funding
Financial Structure	Insufficient for bondable lease	Matches hospital ($154M) for institutional investor appeal
Revenue Diversification	Tuition-dependent	Infrastructure contracts + tuition + grants + partnerships

The Weather Problem in West Africa

West Africa currently has zero covered or roofed stadiums. Rain disrupts matches, concerts, and events. Premium international tours skip the region because they cannot guarantee climate-controlled conditions.

What "Covered" Means:

• Fixed or retractable roof protecting entire seating area
• Climate control systems (cooling, ventilation)
• Weather-independent event scheduling
• Premium hospitality experiences unaffected by rain or heat
• International standard for major concerts and sporting events

What a Covered Stadium Enables:

1. Year-Round Events Regardless of Weather

• Matches and concerts never cancelled due to rain
• Predictable scheduling for international tours
• Event promoters willing to book West Africa location
• Fans guaranteed comfort regardless of weather conditions

2. Major International Concert Tours

• Beyoncé, Drake, major artists require climate-controlled venues
• Afrobeats superstars (Burna Boy, Wizkid, Davido) can perform at home
• International tours currently skip West Africa due to facility limitations
• Concert revenue becomes major income source

3. Conferences and Conventions

• Large-scale conferences need climate-controlled space
• Corporate events and product launches
• Religious gatherings and cultural festivals
• Exhibition space for trade shows

4. Premium Hospitality Experiences

• VIP suites with air conditioning
• Corporate hospitality boxes
• Premium dining unaffected by weather
• International standard luxury experiences

5. FIFA/CAF Certification for Major Tournaments

• Meets requirements for World Cup hosting
• CAF Champions League and international tournaments
• Africa Cup of Nations capability
• World-class facility recognition

First-Mover Advantage: As the only covered stadium in West Africa, this facility will attract events that currently bypass the entire region. Regional tournament hosting, international concert tours, and major conferences all become possible for the first time.

The Current National Embarrassment

Ghana's Black Stars - one of Africa's most successful national teams - cannot play at home. CAF's withdrawal of approval for Baba Yara Stadium forces Ghana to play "home" qualifying matches in neighboring countries.

Recent "Home" Matches Played Abroad:

• World Cup qualifiers in Kumasi rejected by CAF
• Matches relocated to Togo, Ivory Coast, Morocco
• Ghanaian fans unable to watch their team at home
• Lost home field advantage in critical qualifiers
• National pride damaged by inability to host matches

The GH₵85 Million Failure

Between 2020-2024, Ghana spent over GH₵85 million on stadium renovations attempting to meet CAF standards. Despite this massive investment:

• Facilities still deemed inadequate
• CAF approval not restored
• Money spent with minimal improvement
• Piecemeal renovations cannot achieve modern standards
• Demonstrates need for new, purpose-built facility

Ghana's 2038 World Cup Bid

Ghana aspires to co-host the 2038 FIFA World Cup. This ambition requires:

Requirement	Current Status	Our Stadium's Role
10+ modern stadiums	Ghana has zero World Cup-capable stadiums	First of the required facilities
$200M+ investment per stadium	No funding mechanism in place	Demonstrates viable PPP financing model
FIFA certification	No certified stadiums currently	Sets FIFA-standard blueprint
Climate-controlled facilities	Zero covered stadiums in Ghana	Proves Ghana can deliver world-class infrastructure

Why This Stadium Matters for 2038:

• Proof of Concept: Demonstrates Ghana can build and finance modern stadiums
• Replicable Model: PPP structure can be replicated for additional stadiums
• International Confidence: Shows FIFA and investors Ghana is serious
• Timeline Alignment: Completed by 2028-2030, proven track record by 2038
• Regional Leadership: Positions Ghana as infrastructure leader in West Africa

The Alternative: Without modern stadium infrastructure, Ghana's 2038 World Cup bid is not credible. This stadium becomes the foundation of Ghana's football future and international sporting ambitions.

FIFA certification requires meeting rigorous standards across facility design, player amenities, media infrastructure, and spectator experience. Our stadium is designed to meet or exceed all requirements.

Capacity and Seating Standards

• Minimum 25,000 seats for World Cup qualification matches
• Unobstructed sightlines from all seats
• Accessible seating for persons with disabilities
• VIP boxes and premium hospitality areas
• Press and media seating sections

Pitch Specifications

• FIFA-certified playing surface (105m x 68m minimum)
• Hybrid grass system (natural grass reinforced with synthetic fibers)
• Advanced drainage and irrigation systems
• Underground heating (if required for climate)
• Lighting systems meeting FIFA/CAF standards for broadcast

Player Facilities

• Team locker rooms meeting international standards
• Medical examination and treatment rooms
• Warm-up and training areas
• Referee changing rooms and facilities
• Anti-doping control room
• Players' tunnel with security protocols

Media and Broadcast Facilities

• Press conference room with international broadcast capability
• Press box accommodating 100+ journalists
• Broadcast positions for TV and radio
• Mixed zone for post-match interviews
• Media work rooms and internet connectivity
• Camera positions and broadcast infrastructure

VIP and Hospitality Standards

• VIP entrance separate from general admission
• Presidential box and protocol areas
• Corporate hospitality suites
• Premium dining and lounge facilities
• Climate-controlled comfort throughout

Safety and Accessibility

• Emergency exits meeting FIFA crowd control standards
• Medical facilities and emergency response capability
• Security systems and surveillance
• Accessibility for persons with disabilities throughout
• Fire safety systems and evacuation procedures

Technology Infrastructure

• VAR (Video Assistant Referee) room and equipment
• Digital scoreboards and video screens
• High-speed internet throughout facility
• Broadcast fiber optic connectivity
• Modern sound systems for announcements and entertainment

CAF Approval Guaranteed: By meeting FIFA World Cup standards, the stadium automatically qualifies for CAF approval. Ghana's Black Stars can finally play at home again, with a facility that exceeds current CAF requirements.

The stadium does not operate in isolation - it serves as the anchor for the 35-acre entertainment and cultural district, creating a powerful economic multiplier effect.

The Stadium as Traffic Generator

Every stadium event brings thousands of visitors who need:

• Dining: Restaurants and cafes before and after events
• Hotels: Overnight stays for visitors from Accra and beyond
• Shopping: Blue Souk marketplace, retail stores, souvenirs
• Entertainment: Pre-game activities, post-game celebrations
• Cultural Experiences: Diaspora Heritage Center, amphitheater events

Event Calendar Drives District Activity

Event Type	Frequency	Attendance	District Impact
FIFA/CAF Matches	10-15 per year	20,000-25,000	Peak demand for hotels, dining, parking
Ghana Premier League	15-20 home games	10,000-15,000	Regular weekend traffic, local fans
International Concerts	5-10 per year	15,000-25,000	Multi-day stays, premium spending
Conferences/Conventions	20-30 per year	5,000-15,000	Business travelers, extended stays
Cultural Events	Year-round	Variable	Amphitheater and plaza activation

Shared Infrastructure Advantages

• Parking: Stadium parking serves Medical City during non-event days
• Utilities: Power, water, telecom shared across development
• Security: Coordinated security reduces costs for all components
• Transportation: Shuttle systems serve stadium, hospital, university
• Landscaping: Green spaces enhance entire district

Visitor Crossover Benefits

• Medical Tourists: Attend football matches or concerts during recovery period
• Stadium Visitors: Discover hospital capabilities, university programs
• University Community: Stadium events provide campus life and entertainment
• Diaspora Visitors: Heritage tourism combined with world-class sporting events
• International Events: Draw global attention to entire Medical City development

Not a Standalone Investment: Stadium economics improve dramatically when integrated with Medical City infrastructure. The combined development creates value far exceeding the sum of individual components.

What Operators Bring:

Operator Contribution	Impact on Financing
Lender Confidence	Banks trust established operators with proven track records
Credible Revenue Projections	Operators provide data-backed forecasts lenders will accept
Programming Expertise	Booking concerts, events, conferences - operators have relationships
Naming Rights	Operators have corporate sponsor relationships and negotiation expertise
Exit Credibility	Lease buyers trust operator track record - improves exit pricing

Target: Large Stadium Operator

Upon engagement, North Star Group will approach world-class stadium operators with proven international experience. Target profile:

• 450+ venues managed worldwide
• Established presence in emerging markets
• Experience with FIFA/CAF-certified facilities
• Concert booking and naming rights expertise
• Track record with PPP structures and government partnerships
• Services including feasibility, management, hospitality, sponsorships

Operator Services Include:

• Feasibility and market analysis for Ghana
• Stadium design and operational planning
• Event booking and programming calendar
• Naming rights and sponsorship negotiations
• Premium hospitality and VIP services
• Concessions and merchandise management
• Day-to-day facility operations and maintenance

Operator First: No detailed financing structure will be developed without credible operator commitment. The operator engagement is the prerequisite for moving forward with stadium financing.

→ For detailed revenue analysis, ownership structure, and financing terms, see Financial Structure in the left-hand menu.

Our $100M planning estimate is based on analysis of recently completed African stadium projects, adjusted for our specific requirements.

Recent African Stadium Projects:

Stadium	Country	Capacity	Cost	Year	Type
Benjamin Mkapa Stadium	Tanzania	60,000	$56M	2007	Open-air
Teryet Stadium	Uganda	47,000	$129M	Recent	Mixed
Talanta Sports City	Kenya	60,000	$344M	Recent	Premium
Our Stadium	Ghana	25,000	$100M	Planned	Covered

Why Our Estimate is $100M:

Cost Drivers (Increase):

• Covered/Roofed Design: Roof structure adds significant cost vs. open-air
• Climate Control: HVAC systems for year-round comfort
• Concert Infrastructure: Sound systems, rigging, production facilities
• Premium Finishes: VIP areas, hospitality suites, media facilities
• FIFA Certification: Meeting all international standards

Cost Reductions (Decrease):

• Smaller Capacity: 25,000 seats vs. 60,000 significantly reduces cost
• Shared Infrastructure: Integration with Medical City reduces parking, utilities costs
• Site Preparation: Level site, existing infrastructure nearby
• Value Engineering: Design optimization during detailed planning phase

Cost Per Seat Analysis:

Stadium	Total Cost	Capacity	Cost Per Seat
Benjamin Mkapa (Tanzania)	$56M	60,000	$933
Teryet (Uganda)	$129M	47,000	$2,745
Talanta Sports City (Kenya)	$344M	60,000	$5,733
Our Stadium (Ghana)	$100M	25,000	$4,000

Our $4,000 per seat cost reflects:

• Premium covered facility (higher than basic open-air)
• Concert and multi-use capability (higher than football-only)
• Below Kenya's premium pricing (value engineering applied)
• Reasonable for first-of-its-kind covered stadium in West Africa

Subject to Value Engineering: The $100M is a planning estimate. During detailed design phase, value engineering will identify opportunities to reduce costs while maintaining FIFA standards and covered stadium capability. Goal is to deliver world-class facility at optimal cost.

The stadium's integration with the teaching hospital and university creates operational synergies and shared benefits across all three components.

Shared Infrastructure Reduces Costs

Infrastructure Element	Shared Benefit
Parking Facilities	Stadium parking serves Medical City during weekdays; stadium events use hospital/university parking during off-hours
Utilities (Power, Water, Telecom)	Shared utility connections reduce per-unit costs; backup systems serve all facilities
Security Systems	Coordinated security operations, shared surveillance, emergency response protocols
Transportation	Shuttle systems connect stadium, hospital, university, entertainment district
Landscaping & Grounds	Coordinated green spaces create cohesive campus environment

Medical Support from Teaching Hospital

Event Medical Services:

• Emergency medical teams on-site for all stadium events
• First aid stations throughout stadium staffed by hospital personnel
• Ambulance and emergency response capability
• Immediate access to full hospital facilities for serious incidents
• Medical clearance for athletes and performers

Sports Medicine Clinic:

• Hospital-based sports medicine clinic serves stadium athletes
• Pre-game physical examinations and medical screening
• Injury treatment and rehabilitation services
• Concussion protocols and neurological assessment
• Performance optimization and preventive care

Anti-Doping and Testing:

• FIFA/CAF-certified anti-doping control facilities
• Hospital laboratory provides testing services
• Medical staff trained in international protocols

University Academic Integration

Exercise Science Program Contributions:

• Sports medicine specialists for athletic training
• Physical therapy and rehabilitation services
• Athletic performance research and optimization
• Injury prevention programs

Event Management Training:

• University students gain practical experience in stadium operations
• Event management curriculum using stadium as teaching facility
• Internship opportunities in concert production, hospitality, operations
• Sports administration and facility management programs

Research Opportunities:

• Sports performance and biomechanics research
• Crowd management and public safety studies
• Event economics and tourism impact analysis
• Sustainability and facility operations research

Visitor Crossover Creates Additional Value

Medical Tourists Attending Events:

• Patients recovering at hospital can attend matches and concerts
• Family members have entertainment options during patient treatment
• Extended stays create positive patient experience
• Stadium events add value to medical tourism package

Stadium Visitors Discovering Medical City:

• International visitors learn about hospital capabilities
• University recruitment from stadium event attendees
• Medical tourists discover facility while attending events
• Diaspora visitors connect with heritage center and cultural programming

Campus Life and Community:

• University students have world-class entertainment at campus
• Faculty and staff housing residents walk to stadium events
• Creates vibrant campus atmosphere beyond academics
• Attracts international students seeking quality-of-life

Synergy Creates Value: The stadium's integration with hospital and university creates operational efficiencies, shared resources, and cross-promotion opportunities that significantly improve economics for all three components.

The Central Park serves as the cultural and social heart of the development - a 5-10 acre landscaped gathering place with a 2,000-seat outdoor amphitheater for intimate performances and community events.

Why an Amphitheater When We Have a Stadium?

They serve completely different purposes:

• Stadium (20,000+ seats): FIFA matches, major international concerts, large-scale events
• Amphitheater (2,000 seats): Intimate performances, cultural events, community gatherings, local artists

Design Features:

• Performance stage with professional sound and lighting systems
• Lawn seating area plus fixed seating sections
• Surrounding walking paths and landscaped gardens
• Event plaza for markets, festivals, and gatherings
• Water features and public art installations
• Shaded areas and gathering spaces throughout

Year-Round Programming:

• International Arts Biennial: Signature event with $40M revenue potential, attracting global artists and visitors
• Concert Series: Afrobeats artists, traditional music, international performers
• Cultural Performances: Dance, theater, storytelling, traditional ceremonies
• Community Events: Festivals, holiday celebrations, farmers markets
• Outdoor Cinema: Movie nights under the stars
• Educational Programs: Lectures, workshops, cultural demonstrations

The Gathering Place: Every successful district has a heart - a place where people naturally congregate. The Central Park with its amphitheater becomes this gathering place, hosting free and ticketed events year-round that keep the district vibrant and activated.

A Focused Cultural Mission

The Heritage Center is a small, purpose-built facility (10,000-20,000 square feet) focused on cultural programming, diaspora connection, and heritage preservation. This is NOT an industrial operations facility.

What We Don't Include: Manufacturing facilities, waste-to-energy plants, or large-scale business operations are located elsewhere in separate industrial zones. The Heritage Center focuses exclusively on cultural and educational programming.

Core Functions:

1. Genealogy Research Center

• Professional genealogists help Year of Return visitors trace their roots to Ghana
• DNA testing partnerships to connect diaspora with ancestral regions
• Archive of historical records, slave trade documentation, family histories
• Digital database of Ghanaian family lineages and regional origins

2. Diaspora Welcome Center

• Information for diaspora exploring citizenship pathways
• Resources for those considering relocation to Ghana
• Investment and business development guidance
• Networking space for diaspora entrepreneurs and investors
• Partnership coordination with Ghana government programs

3. Exhibition and Gallery Space

• Rotating cultural exhibits on African diaspora history and achievements
• Contemporary African and diaspora artist showcases
• Permanent collection highlighting Ghana's cultural heritage
• Interactive displays and multimedia presentations

4. Meeting and Lecture Facilities

• Lecture hall for cultural education programs
• Meeting rooms for community organizations
• Workshop spaces for traditional crafts and skills
• Broadcast studio for cultural programming

5. Archive and Small Library

• Collection of African diaspora literature and historical materials
• Digital archive accessible to researchers and students
• Partnership with university library system
• Preservation of oral histories and cultural traditions

Programming Focus (Not Operations):

• International Arts Biennial coordination and programming
• Cultural events, lectures, and workshops throughout the year
• Diaspora networking events and business forums
• Partnerships with Ghana cultural institutions and museums
• Educational programs for schools and universities

This is cultural programming space - we don't operate retail, manufacturing, or food service businesses from this facility.

The Blue Souk brings authentic marketplace culture to the district, while Main Street provides modern retail shopping. Each component operates through individual leases to creditworthy tenants.

Blue Souk Marketplace Concept

Inspired by traditional North African and Middle Eastern souks, the Blue Souk creates an authentic cultural shopping experience with winding pathways, artisan vendor stalls, and traditional crafts.

What You'll Find:

• Artisan Vendor Stalls: Each stall leased to individual craftspeople and vendors
• Traditional Crafts: Textiles, kente cloth, woodcarvings, pottery, basketry
• Jewelry and Precious Metals: Gold, silver, traditional Ghanaian adornments
• Art and Sculpture: Contemporary African art, traditional pieces, collectibles
• Spices and Traditional Foods: Authentic ingredients, traditional remedies, specialty items
• Music and Cultural Items: Instruments, recordings, cultural artifacts

Design Features:

• Covered walkways for weather protection
• Traditional architectural elements and decorative details
• Maze-like layout creating discovery and exploration
• Central gathering areas with seating and refreshments
• Evening lighting creating magical atmosphere

Main Street Retail (Modern Shopping)

Complementing the traditional marketplace, Main Street provides modern retail shopping with both international brands and local boutiques.

Each Shop is a Separate Lease:

• International Coffee: Starbucks or similar brand operates (their credit, their lease)
• Local Boutiques: Ghanaian fashion, jewelry, lifestyle goods
• Bookstore: Focus on African literature, diaspora authors
• Gallery Spaces: Contemporary art, cultural exhibits
• Specialty Shops: Mix of local and international brands

Why This Leasing Model Works:

• Individual leases to creditworthy operators (not us running retail)
• Each tenant brings their own expertise and capital
• Mix of local authenticity and international recognition
• Creates diverse, vibrant marketplace atmosphere
• Tenants' credit supports project financing

The Leasing Principle: We provide the infrastructure and lease space to qualified operators. We don't run coffee shops, retail stores, or artisan stalls - we create the environment where successful businesses can thrive.

The district includes 200-400 hotel rooms operated by international brands, plus diverse dining options from fine dining to casual eateries - each operated by creditworthy restaurant tenants.

Hotel Component (International Brands Operate)

• Primary Hotel: International brand (Marriott, Hilton, Hyatt, etc.) operates 200-300 room property
• Boutique Option: Smaller cultural hotel (50-100 rooms) with local design and character
• Conference Facilities: Meeting rooms, event spaces, business services
• Amenities: Pools, fitness centers, rooftop lounges, restaurants

Who Stays at the Hotels:

Visitor Type	Purpose	Typical Stay
Stadium Event Visitors	FIFA matches, concerts, major events	2-3 nights
Medical Tourists	Treatment at teaching hospital, recovery	1-4 weeks
Patient Families	Supporting loved ones during treatment	Variable
Business Travelers	Conferences, university partnerships, investment	3-7 days
Diaspora Visitors	Year of Return, heritage tourism, genealogy	1-2 weeks
Vacation Travelers	Cultural tourism, entertainment, relaxation	4-7 days

Dining Options (Each a Separate Restaurant Lease)

The district features diverse dining from fine dining to casual eateries. Each restaurant is operated by its own restaurateur or brand - we provide the space, they bring culinary expertise.

Restaurant Categories:

• Fine Dining: Upscale restaurants featuring Ghanaian cuisine with international techniques
• Casual Dining: Family-friendly restaurants, international chains, local favorites
• Local Ghanaian Cuisine: Traditional dishes, regional specialties, authentic flavors
• International Options: Italian, Asian, Middle Eastern, American, fusion
• Cafes and Coffee Shops: Morning coffee, pastries, light meals
• Bars and Lounges: Rooftop bars, wine bars, craft cocktail lounges
• Quick Service: Fast-casual options for university students and quick bites

Dining Locations:

• Main Street restaurant row with outdoor seating
• Blue Souk food vendors and cafes
• Hotel restaurants open to public
• Rooftop and terrace dining with views
• Waterfront or park-facing restaurants (if design allows)

Not Us Operating Restaurants: We lease space to professional restaurateurs and established brands. They bring culinary expertise, operational experience, and creditworthiness that supports project financing.

The district stays vibrant 365 days a year through diverse entertainment options and nightly programming - creating the "every day is game day" atmosphere that makes successful entertainment districts thrive.

Entertainment Venues (Operators Run Them)

Movie Theater:

• Operated by AMC, Cinemark, or similar established theater chain
• Multiple screens showing international and African films
• Premium formats (IMAX, Dolby, luxury seating)
• Special programming: film festivals, cultural cinema, family movies

Family Attractions:

• Ferris wheel or observation tower with district views
• Family entertainment center with games and activities
• Interactive cultural exhibits and experiences
• Children's play areas and splash zones

Event Plaza:

• Large open space for festivals, markets, gatherings
• Farmers markets and artisan fairs
• Holiday celebrations and seasonal events
• Street performers and cultural demonstrations

Nightly Entertainment Programming

Free entertainment keeps people coming back every night, not just during special events.

Daily/Nightly Features:

• Laser Light Show: Spectacular nightly show (like The Wharf's SPECTRA) - free public entertainment
• Live Music: Street musicians, rotating performances in plaza and amphitheater
• Cultural Performances: Traditional dance, drumming, storytelling
• Water Features: Dancing fountains choreographed to music
• Lighting Displays: Artistic lighting transforming the district at night

Year-Round Event Calendar:

• January-March: International Arts Biennial (major event), cultural festivals
• April-June: Music festivals, food and wine events, outdoor concerts
• July-September: Summer concert series, family events, markets
• October-December: Holiday celebrations, year-end festivals, special programming

Why Year-Round Activation Matters:

Benefit	Impact
Consistent Foot Traffic	Retail and restaurant tenants stay profitable between major events
Vibrant Atmosphere	District feels alive and welcoming, not dead between stadium events
Visitor Retention	Gives people reasons to stay longer and return more often
Community Gathering	Becomes a place locals visit regularly, not just tourists
Economic Sustainability	Constant revenue stream supports operations and tenant success

"Every Day is Game Day": This principle from The Battery Atlanta means the district never feels empty or inactive. Through nightly entertainment, diverse programming, and constant activity, the district maintains energy and excitement year-round.

The district includes premium residential options integrated into the entertainment and cultural environment - offering a unique lifestyle combining modern amenities with cultural vibrancy.

Who Lives Here:

Resident Type	Why They Choose This Location
University Faculty & Administrators	Walking distance to campus, intellectual community, cultural events
Hospital Physicians & Executives	Adjacent to workplace, premium amenities, professional environment
Business Professionals	Modern lifestyle, entertainment access, networking opportunities
Diaspora Returnees	Cultural connection, heritage proximity, international community
Young Professionals	Urban lifestyle, walkability, dining and entertainment options
Empty Nesters & Retirees	Healthcare access, cultural programming, low-maintenance living

Residential Product Types:

1. Premium Condominiums

• High-rise or mid-rise buildings with stadium and campus views
• Luxury finishes, modern design, premium appliances
• Concierge services, rooftop amenities, fitness centers
• Underground parking, security, smart home technology

2. Modern Apartments

• Rental options for professionals, university staff, young professionals
• Studio, one-bedroom, two-bedroom configurations
• Walkable to work (hospital, university), entertainment, dining
• Pool, fitness center, resident lounge, coworking spaces

3. Mixed-Use Live/Work Units

• Ground floor commercial or office space, residential above
• Perfect for entrepreneurs, professionals, small business owners
• Flexibility for home-based businesses or professional offices

The Lifestyle Promise:

• Walk to Entertainment: Restaurants, cinema, concerts steps from your door
• Cultural Immersion: Daily access to African diaspora events, art, music
• Healthcare Access: World-class teaching hospital without leaving the district
• Modern Conveniences: Shopping, dining, services all within walking distance
• Vibrant Community: Like-minded residents who value culture, education, quality of life
• Year-Round Programming: Never boring - always something happening in the district

Integration with District:

Residential buildings are woven into the fabric of the district, not isolated. Ground floors often feature retail or dining that serves both residents and visitors, creating vibrant street life and walkable neighborhoods.

The 35-acre scale is intentional - proven by successful entertainment districts worldwide that thrive on intimacy and walkability rather than sprawling size.

Proven Models at Intimate Scale:

District	Size	Success Factor
Beale Street, Memphis	3 blocks (~5-10 acres)	Iconic blues district - walkable, intimate, authentic culture
Oxford Square, Mississippi	Town square (~2-3 acres)	Cultural hub - bookstores, restaurants, university connection
One Beale, Memphis	5.5 acres	Mixed-use success - hotels, residential, retail, riverfront
Our District	35 acres	Central Park (5-10 acres) + integrated retail/hotel/residential

Why 35 Acres is the Right Size:

1. Walkability

• Everything within 10-minute walk - no need for cars within district
• Easy to navigate - visitors can explore entire district in one visit
• Pedestrian-friendly scale encourages strolling, browsing, lingering

2. Intimacy and Character

• Feels like a cohesive place, not a sprawling development
• Creates sense of discovery and charm
• Easier to establish unique cultural identity and atmosphere

3. Activation and Management

• Can activate every corner - no dead zones or empty areas
• Manageable to program year-round events and entertainment
• Security and maintenance easier at this scale
• Every space earns its keep - no wasted areas

4. Economic Viability

• Matched to market demand - not overbuilt for the region
• Tenants can succeed with steady foot traffic (not diluted across huge area)
• Investment focused on quality over quantity
• Proven model reduces development risk

What 35 Acres Includes:

• Central Park with amphitheater: 5-10 acres (the gathering heart)
• Retail, dining, Blue Souk: ~10 acres
• Hotels and conference facilities: ~5 acres
• Residential buildings: ~5-7 acres
• Heritage Center and entertainment: ~3-5 acres
• Parking, landscaping, connectors: ~5-7 acres

The Success Formula:

Intimate scale + year-round programming + diverse uses + authentic culture = vibrant, sustainable entertainment district that becomes Ghana's premier destination for diaspora tourism, entertainment, and cultural connection.