For this assignment, you will review an economic impact study commissioned for a new professional soccer stadium in Fort Worth, TX. This study can be found within the “Forth Worth Stadium Feasibility Study” document

Instructions: For this assignment, you will review an economic impact study commissioned for a new professional soccer stadium in Fort Worth, TX. This study can be found within the “Forth Worth Stadium Feasibility Study” document which In particular, we will be focusing on the economic impact analysis portion of this study located on pp. 125-134 (it may help to also read the Introduction on page 5 for some background and context on this project).

Spend some time reviewing the economic impact analysis content. When reviewing, pay particular attention to content included in the following discussion questions.

Discussion Questions

1) What sources of direct spending are considered within this economic impact analysis?

2) What adjustments are made to convert gross direct spending to net new direct spending? How are these adjustments defined?

3) Which industry sectors have the highest and lowest multipliers for Total Output? What do you perceive as the rationale for these industry sectors having the highest and lowest multiplier effects?

4) What is the estimated NPV of net new economic spend (direct + indirect + induced) at the city, county, and state levels over a 32-year period due to this stadium project? What is the projected NPV tax revenue impact at the city, county, and state levels during this 32-year period?

5) What are some intangible (i.e., psychic income) benefits outlined in the document that could derive from this new stadium project?

6) What issues, oversights, and/or misapplications of an economic impact analysis do you notice within this study? How might these issues, oversights, and/or misapplications impact the results provided in this study?