Purpose: This study focused on the operation performance analysis of the "multi-function activity zone," for large-scale spectator sport activities of NTU Sports Center and captures the approach and implementation of sport facility management. Methods: This study adopted descriptive statistical analysis including frequency distribution, and percentage to analyze the recently annual cost data and operating performance from National Taiwan University Sports Center Steering Committee auditing report. Results: There are all together 3 findings shown below: 1. The major income of the spectator sport activities is mainly from gatherings, entertainment performances, and exhibitions, among which, gatherings are especially the main target market. 2. Regarding the total operational expenditure, 75% is fixed cost, in which Variable costs ranked number one, 25%, followed by 20% of the personnel expense and 17% of business expense. Approximately 25% of total cost is variable cost, in which authority overhead expense is the highest part occupied with 15%, and the utility expense takes the second place with 5%, and the personnel expense takes the third place with 4%. 3. It takes 306 days per year for large-scale spectator activities to get break-even point, and the current average event days are 309 actually. It shows that the operation effectiveness of large-scale spectator activities of NTU Sports Center can reach the expected goal. Conclusion: The findings can be provided as a benchmark for operating the NTU Sports Center, and for other sports and recreation centers of other domestic universities as well. The follow-up research is recommended to conduct on the participative sports facilities of NTU Sports Center, such as swimming pool, fitness center, and table tennis room, in order to have an overall understanding of operation effectiveness of NTU Sports Center.