June 03, 2024
Background
In 2017, Redland City Council (Council) acquired a large site in Mount Cotton within the Redland City LGA to develop the Heinemann Road Sporting Precinct (Precinct), which would provide the recreational and sporting needs of the local community while ensuring the protection of the natural habitat. Following this, Council completed a master planning and concept development process to design a high-quality multi-sports precinct that would integrate the area’s existing environmental features.
Project Goals
Council required an Economic Impact Assessment (EIA) and Cost-Benefit Analysis (CBA) to analyse the economic potential of the Precinct and the external roadworks along Heinemann Road. This analysis is required so Council has the necessary evidence to apply for future grant opportunities.
REMPLAN’s Involvement
REMPLAN prepared an economic assessment that clearly articulated the full benefit of the Precinct’s development, including economic impact, return on investment and social benefits. This assessment included:
Results
Economic impact assessment expects direct and indirect impacts to be:
The CBA determined a net present value of $7.8 million and a cost-benefit ratio of 1 : 1.06.