You are employed as a consultant for a city that is investigating the possibility of building a convention center to attract tourists. Provide your recommendation to the mayorâ€™s office regarding the construction of the center. (One recommended source for your work is a report by Professor Heywood Sanders, produced for the Brookings Institute. The report contains information about the demand for conventions and the supply of convention centers, and is provided as a link listed under these instructions.) Below this link I have also included some additional references for you to use in your work. Feel free to search for additional resources to add to your analysis. Conflicting sources are also acceptable so long as they use sound economics in the analysis.
A one-page executive summary is required. A single page forces students to be concise and to think clearly about what they want to say. Use the tools that you have learned in the course for full credit (opportunity cost , Marginal analysis , Demand Elasticity , Short-run Production Decisions vs. Long-run Production Decisions and something in regard to this subject).
2. The Answer is Always Yes (Links to an external site.) – a 2005 article from Forbes.com
3. Why Birmingham Shouldn’t Build a New Arena (Links to an external site.) – a 2014 article from the Birmingham Business Journal