Posted Feb 10, 2011, 2:19 PM
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Promoting Nova Scotia
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Join Date: Aug 2010
Location: Halifax (HRM)
Posts: 165
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Well HRM has proceeded to another amazing step forward...$100,000 to come up with a business plan.....
I do have a huge concern here! In my humble opinion that is paramount to an excuse for staff (who forced the biz plan) to try to stop this. Where was the need for a biz plan for the new library? Where is the biz plan for the new bus terminal? Where is the biz plan for the new 12million dollar community Ctr in bedford.....
We all have a very difficult time quantifying benefits.... A Stadium! Sure a biz plan is like a budget....guestimation.... but people will balk at a Stadium plan and say see it does not work....
A STADIUM is not a business.....like to see them put together a business plan for a Statue!
A STADIUM is infrastructure, capital cost to enable other activities that can be supported by biz plans. Like a concert! Expenses vs revenues.
Take a potential pro sports team....they would be a tenant only....a concert, rents the stadium, a CIS game...like the Uteck Bowl would rent the stadium.
The Stadium covers its expenses via rental revenues...hopefully they are close match.
But to build......that is a sunk cost...it will not be supported by a biz plan.
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