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A 1 5 , 0 0 0 - seat basketball arena that draws professional teams to the city is being built by the city administration
A seat basketball arena that draws professional teams to the city is being built by the city administration as a means of promoting economic growth. The arena will probably cost $ million to build. The $ billion operating budget of the city. The city intends to provide teams with a monetary incentive to visit the city by letting them keep all proceeds from ticket sales, parking, and advertising at the new facility for ten years. They will also receive a year property tax waiver. Assume you are the city's finance officer. Regarding the capital project, the city council is inquiring about the costbenefit analysis CBA To assess the project's costs and advantages, kindly provide your PLAN, which is a thorough, stepbystep process rather than an actual data analysis. In this scenario, what would the analysis's decision rule be Which longterm finance strategy would you recommend? How come? Keep in mind that the council members lack expertise in financial and CBA programs.
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