Australia Forum – and its Potential Economic Benefits

economic benefits

 

January 2015

AUSTRALIA FORUM – AND ITS POTENTIAL ECONOMIC BENEFITS

Canberra Business Chamber and the Canberra Convention Bureau commissioned EY to review the existing reports on the Australia Forum (as detailed in Attachment 2) and, based on this information, to summarise the potential economic benefits of the Australia Forum to the ACT and Australia. The primary reports used was the 2011 Scoping Study with this then updated where relevant for additional available information including:

  • Facility information from the 2014 Functional Brief
  • Updated base case venue utilization information sourced from a separate report prepared for the existing National Convention Centre Canberra
  • Updated delegate expenditure levels
  • Revision of the proposed capital cost to 2015 dollars.

The resultant outputs represent indicative economic outcomes. A detailed Business Case has not, as yet, been completed for the Australia Forum.

The 2011 Australia Forum Scoping Study identified that, to be successful, the Australia Forum Convention Centre including the Centre for Dialogue (the Australia Forum) should be a world class venue catering for significant meetings, dialogue, cultural events, and other occasions of national importance appropriately held in Canberra, the national capital. It would be a landmark building unlike any other in the country, befitting the role of the National Capital and helping to position Australia’s role in the Asia Pacific Region.

READ THE FULL REPORT HERE