A feasibility study for a potential new Indoor Sports Facility in Fort Smith, which will be presented to the Fort Smith Board of Directors at its study session Tuesday (June 14) proposes a $31.2 million facility with an annual area economic impact of about $42.4 million. After receiving Arkansas Tourism matching grant funds of $15,000 in 2021, the city hired Conventions, Sports & Leisure (CSL) Sept. 30 to conduct a feasibility study on an arena. The study cost was not to exceed $30,000. The Fort Smith Advertising & Promotion Commission approved $7,500 toward the feasibility study in April 2021. The Fort Smith Board of Directors approved the city’s half of…