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Extra resources for A Top-Down Approach to Risk Management and Internal Control-Issue #4: Relying on Ongoing Monitoring to Test Controls Performance, to Reduce the Scope of Separate Testing
57 Phase 3 – construction . . . . . . . . . . . . . . . . . . . . . . 60 Phase 4 – preparation for training and management of facility. . . . . . . . . 62 Chapter review . . . . . . . . . . . . . . . . . . . . . . . . . 63 Chapter objectives The objective of this chapter is to articulate the planning, design, and construction processes that are necessary prior to the management and operation of a sport facility. The four phases to be covered will be (1) preliminary planning; (2) development of design; (3) construction; and (4) preparation for training and management of facility.
This was a significant time of change in the way in which sport facilities of the future would be financed. They were significant questions regarding the logic of dumping significant amounts of money into sport facilities when there were bigger economic and financial issues that needed to be addressed with governmental appropriations. In the United States, two laws were passed that had a direct effect of sport facility financing. The Deficit Reduction Act of 1984 mandated that because of the need to lower the national deficit, public funding of projects such as sport facilities was to be given a lower priority.
Where appropriate you should also develop the skills necessary to exploit this knowledge for the benefit of your organization. Sources of financing for sport facilities Financing of sport facilities come in three basic forms – public financing, private funding, and public–private partnerships. All three have had a significant effect on financing sport facilities throughout modern history. Public financing involves the collection of taxes from those who receive benefits from the provision of public goods by the government, and then uses those tax revenues to produce and distribute the public goods to the beneficiaries.