Title

Proposing A Regional Impact Based Feasibility Studies Framework For Convention Centers: A Quantitative Analysis Of The Orange County Convention Center (Occc)

Keywords

Convention Centers; Feasibility Studies; Government Bonds; Input-Output Models; Tourist Development Tax

Abstract

The primary purpose of this article is to propose a Regional Impact Based Feasibility Study (RIBFS) framework, which is an alternative model to the traditional feasibility study that is used to assess the benefits of the investment of public funds in convention centers. More specifically, the framework features a rigorous methodology that can be used to calculate a more comprehensive picture of what convention centers can deliver on public investments. Numerous studies have focused on the importance of the existence of convention centers; however, few authors have been critical of the failure of feasibility studies to accurately forecast economic impacts and operational pro-forma statements. The Orange County Convention Center in Orlando, Florida was used as a case study for assessing this proposed framework. Results indicate that despite operational deficits as an independent entity, a convention center provides income and jobs for a variety of businesses and produces a ripple effect of broad economic interactions that produces additional regional income. © 2008 by The Haworth Press.

Publication Date

11-21-2008

Publication Title

Journal of Convention and Event Tourism

Volume

9

Issue

4

Number of Pages

309-340

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1080/15470140802546773

Socpus ID

70449559189 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/70449559189

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