The justification for financing many sport facilities is often based on arguments made about the economic benefits that the development will have on the local community. 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 to be a financial lifeline contributing to bringing the economy out of recession rather than an expensive luxury.
Given the claimed benefits of investing in sport facilities, find an economic impact analysis or report for a sport facility (one not provided in Module Resources, but these can be used as examples of what you should look for), and analyze what is meant by economic impact and what benefits it brings in terms of construction, employment, supply chains, local income, and new events? In addition, explain how to ensure a transparent audit trail of how the economic impact has been derived and what its key drivers are.
