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


7.4           SUMMARY ECONOMIC IMPACTS
Combined construction and operational estimates of economic activity are presented in the table below. During the
construction phase the development is estimated to deliver the following economic impacts to the Noosa LGA:

      $25.0 million in additional output (including $15.0 million directly).

      $9.2 million in GVA (including $4.6 million directly).

      $5.1 million in incomes and salaries paid to households (including $2.4 million directly).

      60 FTE jobs (including 28 directly).

Once fully operational, the convention centre and PAC facilities are estimated to generate in an ongoing annual
basis:

      $9.9 million in additional output (including $6.7 million directly).

      $4.5 million in GVA (including $2.9 million directly).

      $3.0 million in incomes and salaries paid to households (including $2.1 million directly).

      53 FTE jobs (including 41 directly).

Table 7.9. Summary Economic Impacts
    Impact                Output ($M)         GVA ($M)       Income ($M)        Employment
                                                                                      (FTE)
    Construction Phase
    Direct Impact               $15.0               $4.6              $2.4              28
    Indirect Impact             $10.0               $4.6              $2.7              32
    Total Impact                $25.0               $9.2              $5.1              60
    Operations (Convention Centre + Performing Arts Centre)
    Direct Impact                 $6.7              $2.9              $2.1              41
    Indirect Impact               $3.2              $1.6              $0.9              12
    Total Impact                  $9.9              $4.5              $3.0              53
Source: AEC




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