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......

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Title: Economic Impact Of A Sports Facility
Approximate Word Count: 1043
Approximate Pages: 5 (250 words per double-spaced page)

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