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Old 08-11-2011, 01:23 PM
 
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I've heard this before. Apparently there are people out there who feel that if a team gets a new stadium it will increase its revenues. I'm having trouble understanding exactly how this works. Is it because most of these new stadiums are built with tax payer's dollars? Is it simply because more people will go to watch games in the new stadium?
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Old 08-11-2011, 04:11 PM
 
Location: Englewood, Near Eastside Indy
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Quote:
Originally Posted by Ro2113 View Post
I've heard this before. Apparently there are people out there who feel that if a team gets a new stadium it will increase its revenues. I'm having trouble understanding exactly how this works. Is it because most of these new stadiums are built with tax payer's dollars? Is it simply because more people will go to watch games in the new stadium?
New stadiums usually have a lot more corporate seating, luxury boxes, and more income generators. Couple that with the increase in demand that usually results in a new stadium and voila, you have a revenue increase. It helps that a lot of the costs of the new stadium are often subsidized by taxpayer money. It also helps that professional sports teams and city governments hire PR firms to make all of this sound like a good idea.
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Old 08-12-2011, 07:55 PM
 
Location: Tampa, FL
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In our case in Tampa, the current stadium isn't located in an ideal spot. Experts say that a stadium should be within a 30 min drive at least of the heart of your population. Our stadium isn't. A new location smack in the heart of our population, along w/ the corporate/lux boxes should help.

Problem is our area has econ problems - new stadium means higher priced tickets, and our fans can't afford that. So who knows what a new stadium would bring, attendance-wise.
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Old 08-19-2011, 01:31 PM
 
Location: Houston, TX
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For the owner...
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Old 08-21-2011, 08:32 AM
 
Location: Long Island,New York
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It's true about the luxury boxes. Most new arenas/stadiums are designed for more luxury boxes and suites which are leased out.
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Old 09-09-2011, 09:45 PM
 
Location: Finally escaped The People's Republic of California
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It worked for the Giants in San Francisco, Candlestick Park ia a multi use Stadium the Giants shared with the 49ers, Candlestick is also down the Penninsula in the hood, PAC Bell Park is downtown by the bridge, a baseball only park, and a great place to watch games from. I enjoy every game there, and I'm an A's fan,
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Old 09-12-2011, 01:01 PM
 
Location: Central Texas
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New stadiums only generate more revenue for the team owner(s). If they had to pay for the stadium instead of taxpayers, they wouldn't get their money back for 20 years or more.

For 8-10 home games (foorball) per year, taxpayers get soaked.
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Old 09-12-2011, 01:10 PM
 
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I spent 50 dollars at foxborough before i even entereted the stadium
Thats not including the tickets
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Old 09-13-2011, 03:41 PM
 
Location: Kansas City, MO
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It's pretty simple - first, new stadiums attract more people because people like shiny new things. But, most of all modern stadiums are built with tons of suites, skyboxes. luxury, boxes, and all types of premium seating and generates tons of money for the team.

For example, Sporting Kansas City of MLS opened up LIVESTRONG Sporting Park just this June. It is considered the nicest stadium of it's size in not only the U.S. but the entire world right now. The stadium has 24 suites, a Stadium Club, a Member's Club, some table terrace seats in one corner, and on the field seating that comes with all you can eat and drink. There are different levels of suites but the cheapest cost $20,000 a season and go up from there, the seats cost at least a $100 per game for the Clubs, Terrace Tables, and on the field seating and every single one of these sections are sold out through season tickets and there is a waiting list for season tickets for all of them. These were not option available to them when they played at Arrowhead and Community America Ballpark and generating millions in revenue that were not available to the team in the past. This is just a 18,500 seat stadium, just think about the options available for 80k seat NFL stadiums like the new Cowboys stadium.
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Old 09-13-2011, 07:16 PM
 
Location: Scotland
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Well if you are a team like Arsenal who have a huge fan base and can easily get 20,000 extra fans in then it's worth doing, as the did when they moved from Highbury Stadium to the Emirates Stadium. 20,000 extra ticket sales each week at up to £50/60 a pop then you are going to make a lot of extra cash.
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