The feasibility analysis, conducted by GSBS consulting, for the Beaver County Multi-use Facility is now available for public review. The findings of the report were presented to the public on 11/11/19. The Beaver County Commission ordered the feasibility analysis to receive a third party independent review of the project.
The report analyzed the capital expenditures needed to build the facility and the ongoing operation and maintenance costs. It also analyzed the projected revenue to local businesses and to the facility directly. The results project the following returns.
- Capital Costs: For every $1 spent, there will be a $1.19 return to the economy.
- Operations - High Visitor Spending: For every $1 spent, there will be a $2.15 return to the economy.
- Operations - Low Visitor Spending: For every $1 spent, there will be a $1.75 return to the economy.
- Operations Only: For every $1 spent, there will be a $.56 return to the economy.
These results were based upon hosting 20 events per year. The report also emphasized the need to hire a dedicated person to assure the 20 events are held.
Below you will find three documents. The first document is an executive summary illustration outlining the results of the report. The second document is the power point GSBS used in the public meeting on 11/11/19. The third document is the full report.
Power Point Presentation
The Commission will take some time to review in more detail the findings of this report. Further public meetings will be announced at a later time.