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NORTH SYDNEY INDOOR SPORTS
                                                                               CENTRE CASE STUDY


                                                                               Project Title: Feasibility and Operations Plan

                                                                               Client:            North Sydney City Council

                                                                               Project Description

                                                                               ISFM was commissioned by the North Sydney City Coun-
                                                                               cil to advise them on the financial feasibility of developing
                                                                               a new indoor sports centre above a major car park in
                                                                               Crows Nest (NSW).

                                                                               In addition, ISFM was asked to undertake the evaluation
                                                                               and development of an operational structure and man-
                                                                               agement plan for the proposed centre. At the completion
                                                                               of the feasibility study, it was concluded that Council
                                                                               would be required to subsidise the annual operation of
                                                                               the centre to ensure its viability and be responsible for
                                                                               the management of the centre.

                                                                               This management would be undertaken on an under-
                                                                               standing that the facilities major user, the Northern Sub-
                                                                               urbs Basketball Association, would enter a long-term
                                                                               lease and be encouraged to assist in the day-to-day
                                                                               operation of the centre.



                                                                               Services
                                                                                           −         Market Analysis
                                                                                           −         Financial Feasibility
                                                                                           −         Operational Planning



                                                                               Outcomes

                                                                               ISFM achieved the following key outcomes:

                                                                                            −       Establishment of a financially and
                                                                                                    operationally successful indoor
                                                                                                    centre
                                                                                            −       Creation of a multipurpose centre
                                                                                                    that accommodates indoor sporting
                                                                                                    activities including basketball, net-
                                                                                                    ball, soccer and volleyball as well as
                                                                                                    ancillary activities including meet-
                                                                                                    ings and functions




                                                     ISFM | AUSTRALASIA
Level 3, Members’ Stand, Edwin Flack Ave, Sydney Olympic Park, 2127 | www.isfm.com.au | P: +61 2 8765 2002 | E: info@isfm.com.au

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North Sydney Indoor Sports Centre Feasibility and Operations Plan

  • 1. NORTH SYDNEY INDOOR SPORTS CENTRE CASE STUDY Project Title: Feasibility and Operations Plan Client: North Sydney City Council Project Description ISFM was commissioned by the North Sydney City Coun- cil to advise them on the financial feasibility of developing a new indoor sports centre above a major car park in Crows Nest (NSW). In addition, ISFM was asked to undertake the evaluation and development of an operational structure and man- agement plan for the proposed centre. At the completion of the feasibility study, it was concluded that Council would be required to subsidise the annual operation of the centre to ensure its viability and be responsible for the management of the centre. This management would be undertaken on an under- standing that the facilities major user, the Northern Sub- urbs Basketball Association, would enter a long-term lease and be encouraged to assist in the day-to-day operation of the centre. Services − Market Analysis − Financial Feasibility − Operational Planning Outcomes ISFM achieved the following key outcomes: − Establishment of a financially and operationally successful indoor centre − Creation of a multipurpose centre that accommodates indoor sporting activities including basketball, net- ball, soccer and volleyball as well as ancillary activities including meet- ings and functions ISFM | AUSTRALASIA Level 3, Members’ Stand, Edwin Flack Ave, Sydney Olympic Park, 2127 | www.isfm.com.au | P: +61 2 8765 2002 | E: info@isfm.com.au