SMG, through its affiliate, ISC Newco LLC (“ISC”), opened Michael & Son SportsPlex at Rockville, in Rockville, Maryland, in December 2000.  The facility encompasses 62,500 square feet of usable space and includes 3 turf fields, three basketball courts convertible to a roller hockey rink, a small training area, a Subway Restaurant, 2 party rooms, an arcade, upstairs viewing areas, and needed office and storage space.  The facility also houses One Touch Soccer Academy and First Step Basketball Academy, two of the largest training academies of their kind within the Mid-Atlantic region. 


ISC was responsible for the initial market and demographic studies; the preparation of the business plan; the location of the property; the obtaining of both private equity and bank financing; the interior and exterior design of the facility; the interior build-out of the indoor sports complex; the creation of the soccer and basketball training academies; and the acquiring of all necessary permissions, building permits, and operating permits to allow the opening and operation of the facility. 


ISC remains responsible for all management of the complex, including advertising, budgeting, hiring and training, programming, scheduling, maintenance and upgrades, and related functions. 


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