In this second edition of Vision 2030, I will bring
you up to date on progress of the WACA’s Future Development Strategy Committee
I am pleased to advise that the
Perth office of global commercial advisory firm Ernst and Young (EY) has been
appointed to develop a business plan for the future development strategy for
EY has specific experience with
the Perth Stadium market, including the WACA, the new Perth Stadium and
Patersons Stadium. In addition, EY was an advisor on a number of business case
projects including Adelaide Oval redevelopment.
EY has drawn together a strong
team for this project, which will be overseen by EY Managing Partner Western
Region Mike Anghie, and led by EY Partner, Infrastructure Advisory Greg Dobson.
The team will draw on local and national sports and events venues sector
knowledge and expertise and importantly will provide specialist insight to
identify opportunities and highlight and mitigate risk.
I am also pleased to advise you
that Perth Barrister Tom Percy QC, who was recently elected to the WACA Board,
has been seconded to the FDSC. Outgoing Board member Alan Rule has kindly
agreed to remain with the FDSC to ensure continuity through this next critical
FDSC Chairman Mike Smith and his
subcommittee are continuing to make good progress with the challenging
assignment and I am confident that the final outcome will be in the best
long-term interests of WA cricket.
The next steps
EY’s team will work closely with
the FDSC during the coming weeks ensuring that the business plan considers all
stakeholders including the WACA Members.
The three-stage approach will
initially identify the options and uncertainties, work through a period of
refinement and then finally agree on the most appropriate way forward in the
Financial modelling, joint
venture analysis and a model for cooperation with the WAFC.
Refine the options for future
development including the business plan.
Finalise the business plan (2015
This will include:
- Long-term financial model
- overall capital costs
- forecast of revenue and expenses including investment into the
development of sport
- operating costs
- routine and restorative maintenance
- depreciation for the WACA’s operation
- Proposed implementation plan
including estimated timelines and key decision dates
- Implementation risks and
associated management plan
It is anticipated that the
business plan will be delivered to the WACA Board in late December and the
final recommendation announced to Members and the public in January.
As a reminder, key dates for the
coming months are:
to the WACA Board
- January 2015:
Announcement to members and public
Feedback from Members
I am pleased by the response from
Members who responded to FDSC Chairman Michael Smith’s invitation at the
special Members’ Forum to submit ideas for the future of WA cricket. Members
can continue to submit suggestions to this site simply by visiting the WACA
website www.waca.com.au/vision2030 and
clicking on Have Your Say.
A reminder is that this site has
useful information about Vision 2030,including credentials of the FDSC members,Terms of Reference, key dates and frequently asked
questions; as well as the latest developments and progress with the review.
Keeping you informed
The WACA will continue to keep
you informed throughout this important business planning process. I
encourage you to visit the WACA website to keep up to date and to contribute to
the process with your ideas.
Thank you for your continued
interest and participation.