A GLOBAL-STANDARD SPORT & ENTERTAINMENT PRECINCT IN IPSWICH Strategic Business Case PR143741-1 A GLOBAL-STANDARD SPORT & ENTERTAINMENT PRECINCT IN IPSWICH FINAL February 2020 rpsgroup.com STRATEGIC BUSINESS CASE Document status Version Purpose of document Authored by Reviewed by Approved by Review date Initial draft of Benefits, Risks DraftA and Issues for preliminary client MW LB, CE MW 22/11/2019 review DraftB Draft Business Case MW LB, CE MW 4/12/2019 Updated draft Business Case DraftC incorporating feedback on MW LB, CE MW 04/02/2020 Benefits, Risks and Issues FinalA Final full draft Business Case MW LB, CE MW 02/03/2020 Approval for issue Mark Wallace 2 March 2020 This report was prepared by RPS within the terms of RPS’ engagement with its client and in direct response to a scope of services. This report is supplied for the sole and specific purpose for use by RPS’ client. The report does not account for any changes relating the subject matter of the report, or any legislative or regulatory changes that have occurred since the report was produced and that may affect the report. RPS does not accept any responsibility or liability for loss whatsoever to any third party caused by, related to or arising out of any use or reliance on the report. Prepared by: Prepared for: RPS Ipswich City Council Mark Wallace Greg Chemello Director – Strategy and Investment Interim Administrator Level 4, HQ South PO Box 191 520 Wickham Street Fortitude Valley QLD 4006 Ipswich QLD 4305 T +61 7 3539 9500 T +61 7 3810 6731 E [email protected] E [email protected] PR143741-1 | A GLOBAL-STANDARD SPORT & ENTERTAINMENT PRECINCT IN IPSWICH | FINAL | February 2020 Page ii STRATEGIC BUSINESS CASE Contents Executive summary .......................................................................................................................................... 1 1 INTRODUCTION ...................................................................................................................................... 4 1.1 Broad Project Concept ................................................................................................................... 4 1.2 Strategic Business Case Methodology .......................................................................................... 4 1.3 Analysis to Support the Strategic Business Case .......................................................................... 5 1.4 Guidance for Development of this Strategic Business Case ......................................................... 6 1.5 Governance Arrangements for this Strategic Business Case ........................................................ 6 1.6 Strategic Business Case Structure ................................................................................................ 7 1.7 Glossary and Abbreviations ........................................................................................................... 7 2 PROJECT CONTEXT .............................................................................................................................. 8 2.1 Background on Service Needs and Issues .................................................................................... 8 2.1.1 One of Australia’s Fastest Growing Regions .................................................................... 8 2.1.2 Need for Socio-Economic Intervention ............................................................................. 9 2.1.3 Economic Potential .........................................................................................................10 2.1.4 Sport as an Economic Driver ..........................................................................................12 2.1.5 Revitalising North Ipswich ...............................................................................................12 2.2 Strategic Priorities ........................................................................................................................13 2.2.1 Alignment with Ipswich City Council Policies and Priorities ...........................................14 2.2.2 Alignment with Queensland Government Policies and Priorities ...................................15 2.2.3 Alignment with Australian Government Policies and Priorities .......................................16 3 SERVICE NEED .....................................................................................................................................18 3.1 Problem and Service Need Definition ..........................................................................................18 3.2 Rectangular Field Sports Demand ...............................................................................................18 3.2.1 History of Rugby League in Ipswich ...............................................................................18 3.2.2 Western Corridor NRL Bid ..............................................................................................18 3.2.3 A League Competition Expansion ..................................................................................20 3.2.4 Impacts of a Lack of Suitable Stadium ...........................................................................20 3.3 Impact of SEQ Olympic Bid ..........................................................................................................21 3.4 Favourable Demographic and Sporting Profile ............................................................................22 3.5 Lessons in Stadium Development ...............................................................................................26 3.5.1 Stadium Ownership and Operation.................................................................................26 3.5.2 Stadium Taskforce Final Report .....................................................................................28 3.6 Stadium Case Studies ..................................................................................................................30 3.6.1 Identified Case Studies ...................................................................................................30 3.6.2 Stadium Case Study Profiles and Lessons ....................................................................31 3.6.3 Key Lessons from Stadium Developments .....................................................................36 3.7 Project Investment Logic Map ......................................................................................................37 3.7.1 Problem/Opportunity Analysis ........................................................................................38 3.7.2 Investment Logic Map .....................................................................................................38 4 PRELIMINARY STAKEHOLDER ANALYSIS .......................................................................................40 4.1 Previous Community Consultation Completed ............................................................................40 4.2 Engagement Activity During the Preparation of the Strategic Business Case ............................41 4.3 Project Stakeholder Categories ...................................................................................................41 4.4 Potential Future Stakeholder Engagement ..................................................................................41 5 BENEFITS SOUGHT .............................................................................................................................42 5.1 Assessment of Benefits in the Strategic Business Case .............................................................42 5.2 Identifying Benefits .......................................................................................................................42 6 PROPOSED INITIATIVE ........................................................................................................................45 6.1 Previous Analysis of Stadium Concept ........................................................................................45 PR143741-1 | A GLOBAL-STANDARD SPORT & ENTERTAINMENT PRECINCT IN IPSWICH | FINAL | February 2020 Page iii STRATEGIC BUSINESS CASE 6.2 Current Stadium Concept .............................................................................................................47 7 RISK ASSESSMENT .............................................................................................................................48 7.1 Purpose and Types of Risks ........................................................................................................48 7.2 Approach ......................................................................................................................................48 7.3 Risk Register ................................................................................................................................49 8 PRELIMINARY BUSINESS CASE PLANNING ....................................................................................51 8.1 Aim of the Preliminary Business Case .........................................................................................51 8.2 Preliminary Business Case Timeframes and Milestones .............................................................51 8.2.1 Preliminary Business Case Activities .............................................................................51 8.2.2 Risk Management in the PBC .........................................................................................53