The Economic Impact and Feasibility Game

Sterngold, Arthur
February 2005
Planning;Feb2005, Vol. 71 Issue 2, p32
Trade Publication
The article discusses some issues related to economics in city planning. Advocacy studies often provide overly optimistic estimates of a project's financial performance or economic benefits without adequately explaining how the venture can achieve these results in the face of competition from alternative offerings. Feasibility reports, impact studies, and economic analyses often are used as tools of political advocacy to influence public policy and government funding decisions. For this reason, planners should insist that the studies are held to high standards of objectivity, methodology, and transparency.


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