Presumably CEA did some sort of estimate of utilization and operational costs to justify the funding bar; the decision to shutter it fairly early based on cost benefit analysis suggests that those estimates proved optimistic. It would be interesting to see how much they missed by, and whether they factored alternatives like hosting at the local university into either of the assessments.
The venue selection process between 3 publicly listed and immediately available properties in the range £6-£15m sounds rather trivial as described considering the expense, particularly in a culture which encourages rigorous analysis of the relative effectiveness of much smaller donations.
Presumably CEA did some sort of estimate of utilization and operational costs to justify the funding bar; the decision to shutter it fairly early based on cost benefit analysis suggests that those estimates proved optimistic. It would be interesting to see how much they missed by, and whether they factored alternatives like hosting at the local university into either of the assessments.
The venue selection process between 3 publicly listed and immediately available properties in the range £6-£15m sounds rather trivial as described considering the expense, particularly in a culture which encourages rigorous analysis of the relative effectiveness of much smaller donations.