Construction and Finanace Flashcards
First step of facility construction planning?
Understanding facility use
Land acquisition
Multiple areas must be investigate and approved
- city?
- downtown?
- suburb?
- can it be purchased?
Land purchasing options
Exclusive right to purchase
Reps of the purchasing party
Intermediaries to hide identity
-may cause tax payer unrest
Eminent Domain
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)
Kelo v. New London (2005)
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
Preparation Initial Requirements
Zoning. Meeting environmental concerns. Creating physical characteristics.
Importance of sport facility in our society
Community well-being -quality of life -health -entertainment -community pride New opportunities -attract new businesses -media exposure -development and revitalization -recruiting