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To estimate the external benefits of the re-furbished sporting facility you consider the following benefits: 1) You reference a recent research paper indicates that for
To estimate the external benefits of the re-furbished sporting facility you consider the following benefits: 1) You reference a recent research paper indicates that for each large, organised community sport event held at the re-furbished facility is expected to increase the output of the local Food and Beverage industry by 11 cents and the output of local Accommodation industry by 15.5 cents per dollar received from the event revenue. 2) The Australian Institute of Health and Welfare (AIHW) estimated that sport and physical activity had a net positive impact of $321 million on the health system for the entire Australian population in 2018-19 (25 million population). The council estimates that 10,000 different participants will be engaged in sport and physical activity at full capacity annually
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