Friends University Heavy Investment in Sports Construction Discussion

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Friends University

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Hi everyone, I am have these paper for my Sports Op/Facility Management class and i would like your help. The following is what the paper asks for.

Part 1: In your own words, define or determine what financial success looks like in a major sport construction project. This could be a list of bullet points, a chart/table (like a grading rubric), etc.. Explain the significance and necessity of each element.

Part 2: Research a major sport construction project in a large city such as Dallas, New York, Brooklyn, Santa Clara, etc.. Based on your definition of financial success from Part 1, determine if the researched construction project is/was a financial success. What factors led you to that conclusion?

Assignments are expected to be in APA format and have 2-4 pages of content (title and reference pages do not count as content). Be sure to cite all sources of information.

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Explanation & Answer

Please view explanation and answer below.

Running head: MAJOR CONSTRUCTION PROJECT

Major Construction Project
School Affiliation
Date

1

MAJOR CONSTRUCTION PROJECT

2

Introduction
Our country’s heavy investment in sports construction projects has grown over the years
sparking much debate. As more states subsidize these projects, many members of the public are
concerned about the profitability of such ventures. Research has shown that sports construction
projects can improve the economic position of states by increasing their financial strengths. But
there is a need for a more objective look into the economic wellness of such projects. To come to
that conclusion, it is necessary to look at the existing projects, their investment, and profitability
to determine the relevance of additional projects. Several factors are necessary for the financial
success of sports construction projects to positively impact the state‘s economic growth.
Part 1: Financial Success
Financially successful sports construction projects are self-financing in the long run.
According to Matheson (2019), state governments have been in a frenzy in building sports
facilities because they generate enough revenue to pay for themselves over time. The rationale is
that the projects are almost always guaranteed to make enough money to refund investors for the
initial cost of their investment. A common example is the Denver B...


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