Will the provide economic benefits prior to and during the event, as calculated by STEAM? [Economic benefit Go to B 5.4 Economic could include increased GDP, increased tourism, job creation, enhanced infrastructure and increased tax revenue, etc.] Will the event provide economic benefits following the event, as calculated by STEAM PRO? [Economic benefit Go to B could include increased tourism, job creation, enhanced infrastructure and increased tax revenue, etc.] B If no, are sufficient value-added benefits (e.g., experience, reputation, positioning for next bid, etc.) to be derived from hosting the event to off-set its low economic value? 5.5 Post-event Is the municipal tax base sufficient to carry the ongoing costs of maintaining event infrastructure post event? Go to B Expenses B If no, are alternative funding/partner agreements in place to maintain the infrastructure?
5.4 Economic Will the provide economic benefits prior to and during the event, as calculated by STEAM? [Economic benefit could include increased GDP, increased tourism, job creation, enhanced infrastructure and increased tax revenue, etc.] Go to B Will the event provide economic benefits following the event, as calculated by STEAM PRO? [Economic benefit could include increased tourism, job creation, enhanced infrastructure and increased tax revenue, etc.] Go to B B If no, are sufficient value-added benefits (e.g., experience, reputation, positioning for next bid, etc.) to be derived from hosting the event to off-set its low economic value? 5.5 Post-event Expenses Is the municipal tax base sufficient to carry the ongoing costs of maintaining event infrastructure post event? Go to B B If no, are alternative funding/partner agreements in place to maintain the infrastructure?
Bid-Evaluation-Model.docx