Construction and Finanace Flashcards

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1
Q

First step of facility construction planning?

A

Understanding facility use

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2
Q

Land acquisition

A

Multiple areas must be investigate and approved

  • city?
  • downtown?
  • suburb?
  • can it be purchased?
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3
Q

Land purchasing options

A

Exclusive right to purchase
Reps of the purchasing party
Intermediaries to hide identity
-may cause tax payer unrest

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4
Q

Eminent Domain

A

Unique ability of govt agencies
Process of compel private citizens to sell land
-need to provide adequate compensation
-if secured, must be used for the public good (ie. roads, canals, bridges, community center, rec center, park)

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5
Q

Kelo v. New London (2005)

A

Nine homeowners refuse their land to be taken through eminent domain
Can sell private citizen if the new landowner would provide a public good in the form of greater tax base

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6
Q

Preparation Initial Requirements

A

Zoning. Meeting environmental concerns. Creating physical characteristics.

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7
Q

Importance of sport facility in our society

A
Community well-being
-quality of life
-health
-entertainment
-community pride
New opportunities
-attract new businesses
-media exposure
-development and revitalization
-recruiting
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