In 2004’s edition of ‘Vision for Leeds’, local residents and businesses voiced that a development goal for the future should be constructing an arena as it would enable Leeds to attract entertainment events to the area and boost the economy of the city. Hence, the city pursued this target (Leeds Initiative 2004). The Leeds Arena is a £80m entertainment venue, which is publically funded (Hayman 2010). SMG Europe, an internationally leading operator of entertainment venues, was selected to become a partner for the arena operations (LCC 2012). In 2013, the 13,500 capacity arena will start its operation as an entertainment venue in Yorkshire (SMG Europe 2012). This report focuses on the possible impacts of the new facility and its events for the city of Leeds. This secondary research provides evidence from academic literature that help to evaluate the methods for measuring various impacts and recommend on which should be employed for the Leeds Arena.
Table of Contents
- 1. Introduction
- 2. Impacts
- 2.1 Economic Factors
- 2.1.1 Overall Economic Impact
- 2.1.2 Employment
- 2.1.3 Attracting Business and Tourism to the City
- 2.2 Political Factors
- 2.3 Social Factors
- 2.3.1 Quality-of-Life and Urban Regeneration
- 2.3.2 Land Prices
- 2.1 Economic Factors
- 3. Recommendation
- 4. Conclusion
Objectives and Key Themes
This report aims to evaluate the potential impacts of the Leeds Arena on the city of Leeds, focusing on economic, social, and political factors. It critically examines the economic predictions made by the Leeds City Council (LCC) and assesses their realism based on existing academic literature. The report also considers the arena's impact on employment and its ability to attract businesses and tourism.
- Economic impact of the Leeds Arena
- Employment generation and its nature
- Attracting business and tourism to Leeds
- Realism of LCC's economic predictions
- Comparison with other arena projects and their outcomes
Chapter Summaries
1. Introduction: This introductory chapter sets the stage by outlining the context surrounding the construction of the Leeds Arena. It highlights the 2004 'Vision for Leeds' initiative, which included the development of an arena to boost the city's economy and attract entertainment events. The chapter introduces the arena's funding, operational partnership with SMG Europe, and its projected opening in 2013. Finally, it states the report's focus on assessing the arena's potential impacts, primarily using secondary research from academic literature to evaluate impact measurement methodologies and recommend appropriate approaches for the Leeds Arena.
2. Impacts: This chapter broadly introduces the multifaceted impacts of events, acknowledging that they are neither purely positive nor negative. It emphasizes that while the Leeds Arena’s influence spans social, cultural, environmental, economic, and media domains, this report will focus primarily on the key economic, social, and political impacts. The chapter sets the groundwork for the detailed analyses of these areas that follow.
2.1 Economic Factors: This section delves into the economic justifications often used for public funding of stadium facilities, acknowledging critiques of their inherent unrealism. It establishes a critical approach to evaluating the LCC's economic predictions for the Leeds Arena, comparing and contrasting claims with the findings of academic studies. The overall economic impact is discussed along with job creation projections and the arena’s potential to attract businesses and tourism.
3. Recommendation: (This section would contain a summary of the recommendations made in Chapter 3 if such information existed in the provided text.)
Keywords
Leeds Arena, economic impact, employment, tourism, urban regeneration, public funding, event management, economic predictions, impact assessment, SMG Europe, Leeds City Council.
Leeds Arena Impact Report: Frequently Asked Questions
What is this report about?
This report comprehensively previews an analysis of the Leeds Arena's potential impacts on the city of Leeds. It examines economic, social, and political factors, critically assessing the Leeds City Council's (LCC) economic predictions and comparing them to existing academic research. The report also covers the arena's impact on employment and its ability to attract businesses and tourism.
What topics does the report cover?
The report includes an introduction, a detailed examination of the arena's impacts (broken down into economic, political, and social factors), recommendations, and a conclusion. The economic impacts section specifically addresses the overall economic impact, employment, and the arena's potential to attract businesses and tourism. Social impacts cover quality of life and land prices. The report also critically analyzes the realism of the LCC's economic projections.
What are the key themes explored in the report?
Key themes include the economic impact of the Leeds Arena, employment generation, attracting business and tourism to Leeds, the realism of the LCC's economic predictions, and a comparison with other arena projects and their outcomes.
What methodology does the report use?
The report primarily utilizes secondary research from academic literature to evaluate impact measurement methodologies and recommend appropriate approaches for assessing the Leeds Arena's impact. It employs a critical approach to evaluating the LCC's predictions, comparing them with findings from academic studies.
What is the report's objective?
The report aims to evaluate the potential impacts of the Leeds Arena on Leeds, focusing on economic, social, and political factors. It seeks to determine the realism of the LCC's economic predictions and assess the arena's effectiveness in boosting the city's economy and attracting events and tourism.
What are the key findings (as previewed)?
While specific findings aren't detailed in the preview, the report intends to provide a comprehensive analysis of the economic, social, and political consequences of the Leeds Arena. It will assess the job creation, the attractiveness of the arena to businesses and tourists, and the overall economic impact. The realism of the LCC's predictions will be a central point of evaluation.
What are the key words associated with this report?
Key words include: Leeds Arena, economic impact, employment, tourism, urban regeneration, public funding, event management, economic predictions, impact assessment, SMG Europe, and Leeds City Council.
Where can I find more details about the report's recommendations?
The provided preview does not contain a detailed summary of the recommendations. The full report would provide this information in its dedicated recommendations chapter.
What is the context surrounding the Leeds Arena?
The arena's construction was part of the 2004 'Vision for Leeds' initiative, aimed at boosting the city's economy and attracting entertainment events. The report mentions its funding and operational partnership with SMG Europe, with a projected opening in 2013.
- Quote paper
- Remi Bauer (Author), 2012, The Impacts of the Leeds Arena, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/268658
