2016-08-09 S&O Agenda Item 8, Attachment 1 - CCIQ Noosa Convention and Cultural Centre Initiative Pre-feasibility Study

CCIQ Noosa #3 Noosa Convention & Cultural Centre Initiative
Pre-feasibility Study                                                                  April 2016

             d.           Venue Depreciation
                  i.         While most venues run at a loss, this is often caused by the
                             depreciation expense. As they are often built by Government
                             capital grants and ultimately replaced by another government
                             grant, this could be seen as an accounting conundrum given
                             depreciation is a non cash item.
                  ii.        The normal rule of thumb is that the Venue owner covers the
                             considerable depreciation from general revenue, ie rates/taxes,
                             possibly giving rise to an across-the-board rate rise.

             e.           Site Impacts
                  i.           Building noise (air-conditioning), lighting, performance noise etc.
                               will all need to be addressed, as will traffic management. While
                               these will require technical solutions, these issues would be
                               addressed in a feasibility study.

             f.           Grant Conditions
                  i.          Such buildings are usually built using substantial Federal/State
                              funding, which would normally have topical building
                              requirements, e.g. Greenstar, sustainability, carbon footprint,
                              public art or regional economic job creation.




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