Essay 1. Week 2 (Due March 15th)
Arguments made about the economic benefits the development that will affect the local community justify the financing of many sport facilities. During a time of global recession when there is a proven logic for governments to spend their way out of financial trouble, the expenditure on sports facilities and supporting infrastructure can be considered a financial lifeline contributing to bringing the economy out of recession rather than an expensive luxury.
1. Given the claimed benefits of investing in sports facilities, find an economic impact analysis or report for a sport facility. (Do not use the ones provided in Module Resources, but those can be used as examples.)
2. Analyze what it is meant by economic impact and what benefits it brings in terms of construction, employment, supply chains, local income, and new events.
3. In addition, explain how to ensure a transparent audit trail of how the economic impact has been derived and what its key drivers are.