Aquatic & Recreation Centre Business Case
City of Wanneroo| 2020
- Business Case Development
- Demand Modelling
- Options Assessment
- Multi-criteria Analysis
- Cost-Benefit Analysis
- Gravity Modelling
- Scenario Modelling
Pracsys was engaged by the City of Wanneroo to deliver a business case recommending the most suitable long-term option for the development and delivery of an aquatic and recreation facility within the Northern Coastal Growth Corridor (NCGC). The business case was required to inform the City’s decision making and be consistent with the criteria for Federal or State funding applications.
We developed a sporting facilities gravity model to estimate demand for swimming and sports courts space until 2061 within the NCGC. Options were developed based on short listed sites and standardised facility and pool sizes and complimentary elements, with each option modelled to determine visitation demand. We then conducted financial analysis for each option, utilising visitation demand to calculate likely revenues. Net present value, cumulative cash flow and return on investment were also analysed to ensure optimal asset investment. The next step was to complete a multi-criteria analysis to short-list viable options. Lastly, we conducted a socio-economic impact assessment on the short-listed options.
We identified a preferred option which best addressed existing and developing problems with access to facilities for NCGC residents and which supported optimal levels of demand achieving the greatest benefits for participants whilst reducing the needed financial operational subsidy for the City. Future aquatic centre infrastructure need was also identified through modelling which identified when and where future facilities should be targeted to ensure a suitable provision was maintained as population grows.