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  • 1. Understand what you order
  • 2. Begin from the beginning
  • 3. Be sensible with regard to money, not cheap.
  • 4. Give energy aspects the attention they deserve
  • 5. Don’t be afraid to amortize
  • 6. Reach agreement regarding the role of the local municipal authorities
  • 7. Keep everyone in the loop
  • 8. Focus on the right things

    • 5. Don’t be afraid to amortize

    The philosophy behind the construction of an arena shouldn’t be all that different to the philosophy behind an investment in any large construction project. Make allowance for a few lossproducing years, and amortize the arena rather than “just” writing it off. With perspective it is a short period of time that will have a great effect on the total costs. Try to also take the socio-economic effects into consideration, even though these can be difficult to apply to one’s financial reporting.

    Appoint a professional organisation to operate the arena, with a clearly expressed assignment to maximise the number of events held there.

    Be patient and consider the benefits for the community.

    Higher occupancy rates, a greater degree of attractiveness as a municipality, increased hotel stays etc. The positive effects will span a long period of time.