Tuesday 14 September 2010

Prospect. Economic impact of $80m proposal

An independent economic impact assessment, commissioned by Village Roadshow, of its proposed $80 million Wet ā€˜nā€™ Wild state-of-the-art theme park, on a 25-hectare site at Prospect, concluded that the theme park would support more than 300 local full-time jobs during construction, support more than 278 jobs once operational, bring more than $340 million in tourism expenditure to Sydney during the first 10 years of operations, contribute more than $500 million to the NSW economy during the first 10 years of operations, and attract 900,000 people every year, including 175,000 international and interstate visitors. As part of its planning application, Village Roadshow will propose to contribute $5.2 million towards the upgrading of road infrastructure in the vicinity of the park The NSW Government, through Industry and Investment NSW, worked with Village Roadshow to secure its decision to make this investment in Sydney.

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