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Introduction of feasibility study
Introduction of feasibility study
Contents of feasibility study report
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Feasibility Study
Before a facility's economic impact can be determined, a feasibility study should be done to excite the community members about the facility. The purpose of a feasibility study is to "provide research information about the community, special interest groups, and its use as a decision making tool in the community" (Farmer, Montgomery, Ammon, Jr. 12). In essence, this study is done to assure the community that building a sports facility is right for them and that their money will not go to waste. It also let's them know why their area is the most feasible for the facility. It also gives them non-economic influences such as civic pride in their team. If they have more than just economic reasons to approve the stadium, they will not need that much more influence to vote yes.
The main points of the study should include estimated economic benefits to the owner of the team and facility, the short term costs along with term costs, and cultural or economic loses and benefits to the community. The cost of the study usually runs about $.08 per person in the community. (E.g. 75,000 people = $6,000 cost)
When doing these studies, the city offices need to hire outside firms and specialist such as accountants and economists. These people will bring credibility to the studies, which will look good to the people in the community. The weakness with hiring these outside firms is that they are in this for themselves and may not understand what you are trying to do. If they do not understand how this is intended to be a positive influence on your residents, they may not focus on the positive points as much as the officials would like.
When the financing of the facility needs to be determined, it forces the city officials to put together where the money they need is going to come from. They can take from the community, take from the owner of the teams, or hire an entirely new owner for the building.
Before a facility is built, there may be need to schedule dates for events in advance and collect deposits to help pay for the construction. By attracting a prime tenant immediately, many dates on the calendar will be filled and attracting a prime tenant immediately will put a nice sum of money into the development funds for the facility. Also, setting dates for other events can contribute to the facility funding.
The multi-purpose arena that I have chosen to evaluate is Boston University’s Agganis Arena. This arena is considered to be the next generation of Boston sports and entertainment by incorporating the latest multimedia technologies and providing the finest possible sight lines and views of the action. The arena is located within Boston University's new $225 million John Hancock Student Village, a 10-acre hub of activity designed to be the thriving center of student life and athletics, Agganis Arena is a state-of-the-art, multipurpose sports and entertainment center scheduled to open in January 2005. A 290,000-square-foot premier venue with 6,300 seats for hockey and ice shows, the Arena is expandable to over 7,200 seats for concerts, sporting events, and family shows.
Develops long term plans to determine need for and feasibility of constructing or upgrading athletic facilities.
Alexander was a smart man and there was one main person to thank for that, his father. Philip II, knowing that someday his son would be a powerful figure arranged for none other than Aristotle to be Alexander’s tutor. Alexander grew to love his tutor almost as much as his father. Alexander’s favorite book was the Iliad by Homer, it was a story about some of the things he hoped to do when he got older, such as fight in wars. As a youth Alexander also enjoyed hunting and martial arts. Alexander feared that by the time he became king there would be nothing left for him to conquer.
The proposed location in Cobb County lies between Interstate 75 and Interstate 285 and will provide multiple access points to the stadium. There are numerous highways and side roads that will alleviate traffic congestion before and after game time. The proposed track of land for the new stadium is approximately 60 acres. However, the stadium will only occupy approximately 15 acres. The remaining 45 acres will be utilized for parking and mixed-use development. The site will accommodate approximately 6,000 parking spaces and the mixed-use development will consists of shops, restaurants, bars, residences, offices, and hotels. The 60 acre complex is designed to keep the sports fan entertained for the entire day and not just for the game only. If additional parking is needed, there are approximately 30,000 parking spaces within close proximity to the proposed stadium location that will have circulator shuttle access.
The author’s thesis argues that Alexander became who he was based on the society he grew up in. Green describes Alexander’s surroundings as “loud, clamorous professional soldiers, who rode or drank or fought or fornicated” (pg. 40). These were the male examples that he had in his life and his father was no different. He was also surrounded by the planning and strategy of war, treachery and conspiracies. His mother Olympia’s which is so popularly known for poisoning young Alexander’s mind against Philip, the author believes is nothing more but a psychological myth. Alexander and Olympia’s did not turn against Philip till 338 BC, when Alexander...
Noll, Roger, and Zimbalist, Andrew. Sports, Jobs, and Taxes: The Economic Impact of Sports Teams and Stadiums. Brooking institutions press, Summer 1997. Vol. 15 No. 3.
Obesity is a rising problem in the United States. With obesity rates on the rise something must be done to prevent this massive issue. There are ways to help including educating at young ages, improving nutrition facts at restaurants, and providing more space for citizens to get physically active.
In Major League Baseball, stadiums can affect the game dramatically by the size and by the way the dirt is laid out and how the weather is as well. The baseball teams and players can be affected by this in their major life physically and mentally. Major League Baseball is a prominent organization in our daily life. The game is very important for most people. The game is a lifestyle to people as well. Baseball has changed over the years. For instance, Pete Palmer states, “The way baseball is playing right now is completely different from the past” (Palmer, summary, 2014). A very helping part of baseball are baseball stadiums. For example, ballparks of america says, “... ballparks are amazing, they help us play” (ballparks of america, summary,
No hope for advancement prevails throughout the story. Sarty, his brother and the twin sisters have no access to education, as they must spend their time working in the fields or at home performing familial duties. Nutrition is lacking "He could smell the coffee from the room where they would presently eat the cold food remaining from the mid-afternoon meal" . As a consequence, poor health combined with inadequate opportunity results in low morale. A morale which the writer is identifying with the middle class of his times "that same quality which in later years would cause his descendants to over-run the engine bef...
He always started the fire to burn the barn when the conditions is too frustrating for him to bear and then he moved to other place. However then when he moved to another place, he just have to face another problem, impossible demand from the high class people and he eventually snap and do another arson. The circle of their family is never-ending, they are always moving but they are moving in the same patterns. As people who came from low class society it is evident that they want to start a new life, to be able to someday somehow become part of the high class people. Another thing is that it was also stated that the story takes place somewhere after the civil war, a war to end slavery in south, but then, the south life at the time actually has not change at all. The southern people nature and their characteristics are actually still the same when they still undergo slavery. The difference is, as the story suggest, the high-class become even meaner to the
Alexander began his military campaign and his rule much where his father left off. Whether or not it was his aim, this created a sense of normality for the men that was part of his father’s regime. Alexander’s position as a warrior-king who stood side-by-side among his men also served to create respect among his peers. Gradually, as Alexander conquered more Persian land, he began to adopt the policies of Persian rulers. Alexander’s change in policy extended beyond just political roles, he gave consideration to the local gods in many of the lands that he conquered. Eventually, Alexander brought people in from the conquered nations to serve under him.
Broken bones, jammed fingers, sprained ankles, stitches and so much more; these are some of the many effects of playing youth sports. “Two million injuries and 500,000 doctor visits and 30,000 hospitalizations occur each year for high school athletes.” (Lisa Weisenberger, Stop Sports Injuries) Those numbers aren’t just hundreds and thousands but millions of children and teens getting hurt just from playing a sport. Youth sports programs may be fun and enjoyable but can have many negative consequences.
From 2001 2002 there was a 23% increase in the construction of sports stadiums and arenas with costs of those facilities upwards of $7.8 billion. The growing global sport industry requires that sport facility and event management keep current of new and proven management techniques. Sport Facility Management: Organizing Events and Mitigating Risks by Ammon, Jr., Southall, and Blair, provides readers with a basic introduction to elements of facility management for the full range of sporting and entertainment events. There is a high demand for individuals who are educated and trained in facility management, event organization, and risk management and since the September 11 attacks there has been a great emphasis placed on facility and risk management. Each chapter provides theoretical foundations and practical applications for each critical phase of facility management. The authors provided photographs, case studies, and industry examples to assist the reader in gaining an overall basic, picture of the sporting event and entertainment industry today. The book provides in-depth discussions about positive advances that have made the entire experience easier and more comfortable for fans; and about the negative economic and cultural consequences for sport events after September 11 2001.
During the course of history, there have been many tales of conquest. Men such as Napoleon often stick out in the minds of many, and who could forget Hannibal crossing the Alps with elephants? But where did such men draw their inspiration? It can be said that there has been no other conqueror such as Alexander the Great, a military genius that holds the respect of many despite his short life. He dedicated his life to conquering the world, leaving in his wake a legacy that many have come to know.
One of the most important factors in a nation’s success in war is strategy, and it is also the