Octagon House, Feasibility Study, Smyth County
The Octagon House Foundation contracted with Virginia Tech to conduct an executive feasibility study including a market scan, a SWOT analysis based on key findings from stakeholder and case study interviews, a projection of the economic impact of visitation using IMPLAN, and recommendations. A key goal of the study is to position the Octagon House Foundation to apply for targeted grant opportunities to complete restoration of the house, finance program development, and achieve multiple proposed phases of development to include an event venue, visitors’ center, lodging and dining services.