Pokolbin Proposed Golf Course Tourism Estate
Cost Benefit Analysis
HillPDA completed an economic and social appraisal including a Cost Benefit Analysis of a proposed Jack Nicklaus Golden Bear Golf Course estate including a PGA 18 hole Golf Course, Golf Academy, 250 room Hotel with conference facilities, wellness centre and integrated residential estate with 300 dwellings.
The CBA included quantified benefits such as gross value added from additional tourism, the market values of residential homes, recreational use benefit and multiplier impacts from additional overnight tourists, residents and day visitors in the local area.
Our value add
While CBA has been used to evaluate public projects for several decades its use in evaluating privately funded projects is rare. It was quite pioneering at the time and demonstrated how the CBA could have a useful purpose in development assessment.
Outcome
Relative to the Hunter Valley Cessnock has low income levels and high unemployment. A core feature of the proposal (which would add a third PGA standard golf course and a golf academy) would make Cessnock an international destination for golf enthusiasts benefiting the local area – particularly in the hospitalities industries.
Services:
- Social impact assessment
- Cost benefit analysis in accordance with NSW Treasury Guidelines
- Net community benefit test
Client: HDB Town Planning and Design
Project date: March 2013 – Oct 2013
For more information, contact Adrian Hack, Principal