A lot of people think that you can generate revenue through stadiums. You will find stadiums of all shapes and dimensions with the extremes being humongous. The conjecture that stadiums are profitable is not borne out by research. Policy makers, analysts and economists are trying to access and calculate the benefits of stadiums. On one hand you have public benefits and on the other private consumption benefits. One has to assess if these are enough to justify the cost of upkeep of stadiums.
The government's share of the review generated from the operating rights control by teams is negligible as it only gets the lease rental on the stadium. Team owners are however quite upbeat about the business and profit making potential of newer stadiums. In the case of Major League Baseball, agreements with districts mandate that retail, entertainment and other cash generating avenues be located inside the stadium and not outside, because if it were outside, the team would have no lien on these large revenues.
Sports franchises are generating tremendous amounts of revenue and requiring them to finance their own stadiums will remove the burden from the taxpayer. Taxpayers should be willing to treat sports franchises like the private business that they are. Sports events are designed for folks to eat and drink unhealthily while watching extremely fit athletes! But should you as a taxpayer pay for a private business?
But not all is bad with stadiums as there are some environmental benefits that accrue as well. For instance, Nationals Park and Citi Field incorporate the latest energy saving lighting on the field as well as plumbing fixtures that are low-flow type. These also have vegetative roofs and are need to be green and energy efficient too.
The new stadiums have very advanced security systems. Special zoned alarms are able to denote where exactly the problem may have occurred. This is in contrast to a single general alarm in older stadiums. Stadiums need a lot of water which they get from water harvesting from the roofs of the stadium. They also take water from nearby factories.
But these environmental friendly measures also come with some problems where converted baseball to football stadiums have obtuse angles between the stands thus obscuring the view like in Candlestick Park.
Baseball stadiums represent the place where it all comes together--the intersection of hard work and entertainment, enjoyment and exertion, exhilaration and defeat. Someone always leaves a winner and someone always leaves a loser, but the stadium never leaves. Baseball data on free agency and arbitration reveal that both systems of salary determination are similarly structured, meaning that players can use either one of the methods and obtain similar gains in salaries. The higher salaries on average for free agents reflect their years of experience, rather than a better process of salary determination.
Football is typically played in a stadium while basketball and hockey are typically played in an arena, although many of the larger arenas hold more spectators than do the stadiums of smaller colleges or high schools. And there are exceptions. Football, basketball and hockey teams regularly extort city and state politicians for taxpayer subsidies. During the twentieth century, more than $20 billion (measured in 1997 dollars) has been spent on major league stadiums and arenas, including a minimum of $14.7 billion in taxpayer subsidies. - 31821
The government's share of the review generated from the operating rights control by teams is negligible as it only gets the lease rental on the stadium. Team owners are however quite upbeat about the business and profit making potential of newer stadiums. In the case of Major League Baseball, agreements with districts mandate that retail, entertainment and other cash generating avenues be located inside the stadium and not outside, because if it were outside, the team would have no lien on these large revenues.
Sports franchises are generating tremendous amounts of revenue and requiring them to finance their own stadiums will remove the burden from the taxpayer. Taxpayers should be willing to treat sports franchises like the private business that they are. Sports events are designed for folks to eat and drink unhealthily while watching extremely fit athletes! But should you as a taxpayer pay for a private business?
But not all is bad with stadiums as there are some environmental benefits that accrue as well. For instance, Nationals Park and Citi Field incorporate the latest energy saving lighting on the field as well as plumbing fixtures that are low-flow type. These also have vegetative roofs and are need to be green and energy efficient too.
The new stadiums have very advanced security systems. Special zoned alarms are able to denote where exactly the problem may have occurred. This is in contrast to a single general alarm in older stadiums. Stadiums need a lot of water which they get from water harvesting from the roofs of the stadium. They also take water from nearby factories.
But these environmental friendly measures also come with some problems where converted baseball to football stadiums have obtuse angles between the stands thus obscuring the view like in Candlestick Park.
Baseball stadiums represent the place where it all comes together--the intersection of hard work and entertainment, enjoyment and exertion, exhilaration and defeat. Someone always leaves a winner and someone always leaves a loser, but the stadium never leaves. Baseball data on free agency and arbitration reveal that both systems of salary determination are similarly structured, meaning that players can use either one of the methods and obtain similar gains in salaries. The higher salaries on average for free agents reflect their years of experience, rather than a better process of salary determination.
Football is typically played in a stadium while basketball and hockey are typically played in an arena, although many of the larger arenas hold more spectators than do the stadiums of smaller colleges or high schools. And there are exceptions. Football, basketball and hockey teams regularly extort city and state politicians for taxpayer subsidies. During the twentieth century, more than $20 billion (measured in 1997 dollars) has been spent on major league stadiums and arenas, including a minimum of $14.7 billion in taxpayer subsidies. - 31821
About the Author:
Phil Marlowe is an avid sports fan and enjoys putting his drink in drink holders which is one of his favorite accessories for stadiums.
