Sierra Planning and Management Velodrome - Town of Milton

Velodrome Business Plan – Town of Milton 61
Exhibit 29: How Facility Operations Create Impact
Investment
Potential/
Reputational
Benefits/
Quality of Life
Other
local
benefits
Job Creation/
Retention
Potential
Visits
(local
residents
and tourists) Spending
Locally
Income
Growth
Potential
Business
Revenue
Growth
The results of this analysis should be treated as a guideline to economic impact of the velodrome based on
the range of assumptions regarding its design, scale, and operations. Should any of the key assumptions
which underlie the analysis change, the economic impacts can be expected to vary. Importantly, the
analysis of impact assumes that the macro-economic environment remains stable and that normal business
cycles are assumed to occur.
9.2 ECONOMIC IMPACTS OF VELODROME CONSTRUCTION
The Velodrome will be a new facility for Milton. There will be one-time economic spin-offs from
construction relative to the scale of the capital project, and to the extent to which labour and materials are
sourced locally.
For purposes of illustrating the potential economic impacts from construction of a velodrome in Milton, the
analysis assumes the development of a 1,500 permanent seat facility (2,250 seat capacity in total)
Business Plan | January 2012
Sierra Planning & Management
61