2020 Volume 30 Issue 4 Pages 4_357-4_367
With the Tokyo Olympics and other opportunities as a catalyst, relevant projects have been developed in various regions to revitalize regional economies. This study was conducted in Tomi City, Nagano Prefecture, where a base for altitude training was established and sports of tourism were promoted. The purpose of this study was to analyze the added value created from the construction and operations of the sports facility according to the following two points :
1) To clarify the cash flow newly acquired from the project for the city
2) To examine the economic effects, if the cost of such a project is considered as a reasonable investment by a local government
An interview survey was conducted with each of the 13 project owners on the construction and operation of the sports facility, and a profit and loss statement was prepared for each project. Based on the profit and loss statement, we estimated the net profit of local companies, the disposable income of local employees, and the tax revenue of the city. The result of the economic added value generated by the entire project was 1.41 billion yen. However, 903 million yen of this was generated outside the city, and the economic added value generated within the city was 505 million yen. Moreover, the return of facility construction was 41 million yen against the investment of 292 million yen. The return of facility operations was 464 million yen against the investment of 411 million yen. The economic added value as a whole increased according to the size of the project, but it is clear that the economic added value generated in the region is limited if there is little involvement of local companies and local employees. However, by making appropriate investments using regional value-added creation analysis, there is a possibility that regional economic value-added conditions can be enhanced.
