In this project students will create a proposal to establish a major entertainment venue in their town. Students have to demonstrate understanding of a variety of economic concepts and thinking learned over the course of the semester. They will need to demonstate the economic costs and rewards for establishing such a venue. They will need to research actual data to support their concepts and then present this all in a cohesive vision. I consider this project a final assessment for the class. What's best: doing this project well means students did their work originally as each product is unique to the student's town.
I let students work in groups of 1-4. Expect this project to take a few hours for students to initially brainstorm, followed by a couple more days of research, next a few days readying their presentation, and then a 1-2 hours of presentation.
I try not to give the students any specific examples as I want to encourage them to research on their own. I might help though point them towards Los Angeles bringing an NFL team to the city c. 2015...their were several reports on the effects that would have on the city...reading this should get students going.
In the past students have done the following: overlayed googlemaps with their vision, tracked down real estate costs for undeveloped lands, researched utility costs by communicating to companies their needs, creating shirts to market their sports team, creating water parks, restaurants, roller coasters, understanding and solving traffic concerns, selling city bonds to raise funds, investigating city budgets, researching the demographics of their consumer base, etc. The key is getting the students to understand the scope of the project, to research in depth, and then create a great plan. This project has a lot of potential and will yield a multitude of unique presentations.