FACILITY MANAGEMENT Needs Assessment

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FACILITY MANAGEMENTNeeds Assessment Facility
Feasibility
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Determining Need

• Increases in number
• Increases in type
• Increases in average size
• Increases in attendance at events
• Relocation of sporting teams

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Motives for Developing a New Facility

• Attract development
• Provide additional visitor activity in a downtown
  region
• Capture a professional sports franchise

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Forecasting Growth and Demand

• Local population
• Competitive facilities
• Amount of product available

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FEASIBILITY STUDY

• document that provides a comprehensive analysis
  of a potential sports facility project from the
  legal ramifications, usage, design, site,
  financial, and administrative feasibility of the
  project.
• Provides research information about the
  community, special interest groups, and its use
  as a decisions making tool by the community

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Feasibility Studies focus on ...

• Legal feasibility
• Site feasibility
• User-usage feasibility
• Design feasibility
• Financial feasibility
• Administrative feasibility

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Economic Impact
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Financing Facilities

• Facility may be sold to private corporation
• Advertising scoreboard messages sold or leased
• Seat preference bonds
• Joint ventures

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BUDGETING for Construction

• The PROJECT Budget
• Pre-opening or start-up and marketing budget
• First-Year Operating Budget
• Revenue Projections

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References

• Farmer, P. J., Mulrooney, A. L., Ammon, R.
  (1996). Sport Facility Planning and Management.
  West Virginia, USA Fitness Information
  Technology.