The key to a strong feasibility study is accurate data.
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Answer: True
Domes are most commonly made to be supported by air.
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Answer: True
To be valid, a feasibility study needs to be comprehensive enough to answer all potential objections.
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Answer: True
A typical project takes around five years to complete, which is why long-term plans are so critical.
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Answer: True
Which of the following is not part of the primary focus of planning for an existing facility?
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Answer: Money
It is not critical to have a business structure in place until you are ready to start building the facility.
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Answer: False
Which of the following economic terms refers to the ripple effect of additional rounds of spending in a community?
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Answer: Induced impact
Economic impact studies typically examine all of the following except:
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Answer: Implied impact
The feasibility study will tell the prospective facility owner whether to build the facility.
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Answer: True
What percentage of facility users are primary users?
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Answer: 20%
South Africa built 10 stadiums for the 2010 World Cup that were ideal for _______.
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Answer: soccer
Explain what NIMBY means and give an example of it in action.
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Answer: NIMBY stands for ‘not in my backyard.’ People do not want certain projects in their neighborhoods because of noise, traffic, lights, traffic, and so on. Thus, a new facility proposed for a residential area might receive a lot of opposition from local residents.
What does FF&E stand for?
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Answer: Furniture, fixtures, and equipment
A publicly funded facility is primarily designed to generate revenue.
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Answer: False
The income-based approach to valuing land examines how much similar properties have sold for in the recent past.
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Answer: True
A variance allows a builder to ignore zoning regulations.
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Answer: False
The site plan typically contains the one final drawing of how the site will look in the end.
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Answer: True
Which of the following issues has often been overlooked in the sport facility construction literature?
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Answer: economic impact