ABSTRACT
Financing concepts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Sources of financing for sport facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
History of sport facility financing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Future trends in sport facility financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Chapter review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
This chapter will delve into the intricacies of financing sport facilities. Recurring themes in financing will be discussed, including business issues, the costs of ownership, life-cycle costing, cost-effectiveness/efficiency, and the principles of economic impact analysis. Their recurring issues have a direct effect on the source of financing to be used for sport facilities, such as public sector funding, private sources of revenue, public-private partnerships, and the influence of the voluntary sector. As significant economic change has taken place early in the twenty-first century, the effects on sport facility investment are significant, hence the chapter will conclude with a look at the current and future trends that will affect the management and operation of sport facilities.
