You are the mayor of a rural town (population 10,000) just 30 minutes outside of a...
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You are the mayor of a rural town (population 10,000) just 30 minutes outside of a small city (population 200,000). You, along with the city council, have devised a new vision for sport in the community, based largely on sport tourism. After some brief research, you learned that youth sport travel teams are on the rise. You think that you can attract adult sport tournaments as well. The primary goal of the new vision for sport in your com- munity is to attract new money. By building the new sport infrastructure, you believe that you can attract new tourists who will spend money in shops, restaurants, and your (limited) hotels as they attend sport tournaments. The new sport fields will also serve the community. The new vision includes developing a new outdoor sport facility that includes softball and baseball fields, soccer fields, basketball courts, and tennis courts. There are a number of objectives that the city council hopes to meet with this new sport facility. First, the community leaders want to provide more access and opportu- nity for sport for children, adults, and seniors in the community. The council wants active leagues for all ages for the sports that could be offered in the new facility. Second, the council wants to attract visitors to the community by using the space for competition and tournament play. Finally, when the facility is not in use by the events and/or league play or practice, the space is to be open for general public use to support the council's efforts in creating and sustaining a healthy and active community. As the mayor, and the one who will be responsible for securing funding for the project, you must deter- mine the feasibility of such a project: 1. Pick one of the feasibility analysis tools described above and determine the feasi- bility of such a project. 2. Research the available lots for sale within a rural community that is in close prox- imity to a small city to determine if there is a site with the acreage to develop the outdoor sport facility. 3. Once a few sites have been determined, begin to develop a pro forma to detail the costs to build such a facility. 4. Research the possible green elements that could be incorporated into the design and build of the project. 5. Does your town have the capacity to host tournaments? Is this vision to expand the sport infrastructure beyond the community smart? If no one comes to the tourna- ments, will this facility be too large for the community, leading to disuse? You are the mayor of a rural town (population 10,000) just 30 minutes outside of a small city (population 200,000). You, along with the city council, have devised a new vision for sport in the community, based largely on sport tourism. After some brief research, you learned that youth sport travel teams are on the rise. You think that you can attract adult sport tournaments as well. The primary goal of the new vision for sport in your com- munity is to attract new money. By building the new sport infrastructure, you believe that you can attract new tourists who will spend money in shops, restaurants, and your (limited) hotels as they attend sport tournaments. The new sport fields will also serve the community. The new vision includes developing a new outdoor sport facility that includes softball and baseball fields, soccer fields, basketball courts, and tennis courts. There are a number of objectives that the city council hopes to meet with this new sport facility. First, the community leaders want to provide more access and opportu- nity for sport for children, adults, and seniors in the community. The council wants active leagues for all ages for the sports that could be offered in the new facility. Second, the council wants to attract visitors to the community by using the space for competition and tournament play. Finally, when the facility is not in use by the events and/or league play or practice, the space is to be open for general public use to support the council's efforts in creating and sustaining a healthy and active community. As the mayor, and the one who will be responsible for securing funding for the project, you must deter- mine the feasibility of such a project: 1. Pick one of the feasibility analysis tools described above and determine the feasi- bility of such a project. 2. Research the available lots for sale within a rural community that is in close prox- imity to a small city to determine if there is a site with the acreage to develop the outdoor sport facility. 3. Once a few sites have been determined, begin to develop a pro forma to detail the costs to build such a facility. 4. Research the possible green elements that could be incorporated into the design and build of the project. 5. Does your town have the capacity to host tournaments? Is this vision to expand the sport infrastructure beyond the community smart? If no one comes to the tourna- ments, will this facility be too large for the community, leading to disuse?
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To determine the feasibility of the project several factors need consideration 1 Market Demand Assess the demand for youth and adult sports tournaments in the area and nearby regions Conduct surveys o... View the full answer
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Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
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