2016 08 09 - S&O Agenda - Item 8, Att 2 - AEC Noosa Convention & Performing Arts Centre Pre-feasibility Review

PRE-FEASIBILITY OF CONVENTION AND PERFORMING ARTS CENTRES


20 years (not discounted to present value). These estimates exclude partner expenditure which was indicated to
add 17%-20% to expenditure on average, in addition to excluding economic multiplier effects.

Reference is made to flow-on effect ratios from EY (2015) – completed on behalf of the Business Events Council
of Australia – with CCIQ Noosa reporting ratios for Queensland of:

     1:0.74 for Gross Value Add.

     1:1.74 for Gross Value Product.

     1:1.36 for Jobs.

However, it should be noted that the above ratios appear to be based on a flawed calculation by CCIQ Noosa in
referencing the wrong values. The actual indirect effects (only) able to be determined by AEC from EY (2015) are
as follows:

     0.55 for Gross Value Add.

     0.36 for Jobs.

No indirect value of expenditure is mentioned in EY (2015).

2.5.2       Performing Arts Centre
Minimal quantitative information is supplied in relation to the proposed Performing Arts Centre, or expanded version
of The J. It is indicated that the centre should enhance activity through links to national arts touring circuit and
schools across the region and become the home for leading local arts organisations, in addition to servicing the
markets currently captured by The J. The benefits were deemed to also include enhanced cultural tourism business
and job opportunity with more people in the precinct after hours.

2.5.3       Accommodation
Sofitel Noosa Pacific Resort (formerly Sheraton Noosa Resort and Spa), Peppers Noosa Resort and Villas, and
RACV Noosa Resort provided letters of support to CCIQ Noosa in undertaking the comprehensive feasibility study,
given that the proposed facilities will not compete with them by including accommodation. The CCIQ Noosa
proposal (p.13) notes that at least in the short term delegates may out-compete regular travellers of 4 to 5-star
accommodation, until such a time that high quality accommodation supply is increased to match any increased
demands.


2.6         COMMUNITY IMPACTS
It is indicated that the proposed Performing Arts Centre would allow for significantly larger scale events with a mix
of local, regional, national and international artists and performers to be attracted and bid for, adding cultural
diversity and increasing the choice and frequency of cultural and performing arts’ events. Noosa Junction would
also be refreshed as a result of the considerable capital investment in new community infrastructure, creating a
new precinct complementary to Hastings Street and utilising the bus interchange capacity more effectively.

CCIQ Noosa also note that the facilities could also be used as dry (indoor) facilities for existing events, festivals
and weddings, in addition to supporting local community organisations (e.g. schools, dance shools, art schools) at
discounted fees during quieter periods.




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