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Both of my brothers-in-law are attorneys (one is the former head of the Ohio Municipal League) who deal heavily in bond(s) and bond issues and my sister-in-law does as well with her Masters in City Administration. My other sister-in-law works for a firm that negotiates stadium naming rights, etc., but I try to ignore that -- she's still OK. Anyway, I'll let them deal with the specific economics. I'm not talking about bond issues, though. I'm more interested in the way people "feel" about a city and its reputation. Having grown up in a city (Columbus, Ohio) which, at that time, had no professional teams, but was surrounded by cities of roughly the same size (Cincinnati and Indianapolis -- and, slightly larger population-wise Cleveland and Pittsburgh), industrial base and demographics which had franchises, the ones with pro athletics were considered "major" cities and ours was really not. (Unless, of course, you want to count Ohio State as a professional football team) Perhaps that kind of thing can be quantified, but I would be suspect of the conclusions because there are so many hidden variables. Anyway, had there not been a bombing, Oklahoma City was generally not an area that I thought about (until our son went to Norman for college) except during tornado season. When the NBA moves there, though, I'll hear about it a lot. It seems to me that if there were not benefits -- hidden or not -- no city would care about having a professional team. The "big time" cities have them. At least that's the way it appears to me -- and I've lived in a bunch of them (Baltimore, Milwaukee, Detroit, New York and Denver). I was living in Baltimore when Robert Irsay sneaked the Colts out of town literally in the middle of the night. ETA that I've also visited and/or televised games in almost every city with a franchise as well as many with "only" major college teams. There's a different attitude. |
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Best of luck in getting a new team. I hope our new team in OKC works out. |
It's all about the money. And I bet you when he called the Key "old" one of the things he was referring to is people aren't going to come just to see the Key, vs. how people will come to see a new arena/stadium even if the team is playing like shit. Even bad teams to amazing in attendance the first year of a new place.
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And it's great that you've arbitrarily picked some random thing in a city for the prominence factor. Not a well known university, museum, zoo, beach, mountain resort, etc...you picked a sports team, made a ridiculous statement, and qualified it with a "I think". I think you make no sense. |
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-Rudey |
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The reason it works is that the revenue streams for the luxury boxes usually are tied to the owners and a percentage of the fees from general ticket sales are used to back the bonds for the stadium's construction. http://www.google.com/search?q=new+s...ri&rls=en&sa=2 I figured I would let you look at the google results if you're really interested. |
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Remember, the average person isn't college graduate and probably couldn't name a museum in most cities -- even some who live there -- but they can probably name the local professional team. My comment wasn't an arbitrary pick -- it's my opinion. I almost always qualify my opinion with "I thinK" or something like that because I'm clearly not laboring under the assumption that I'm perfect. You can decide who you think makes "ridiculous" comments, and I'll make my own decision as well. |
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I think, therefore I am. -Rudey |
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There have been plenty of brand new facilities built in all three major sports over the past 5-10 years that I can think of off the top of my head...and I'm not hearing anything about owners wanting an upgrade from any of them. I will be willing to bet Jerry Jones, for instance, isn't going to be asking for another new stadium in five years after the completion of, most likely, the most luxurious and sophisticated place to watch a sporting event you can get. I can't imagine Cuban asking for a new place for the Mavs to play basketball in anytime soon either. American Airlines is as good as it gets. These are only a couple of examples, but still.... Also, I'm not really seeing many big changes in general seating to luxury box seats and I go to a lot of sporting events in many different places. |
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Sometimes the propaganda technique of transference (trying to deflect an argument by bringing up something completely out of context) just doesn't work. Nice try, though. |
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Baseball stadiums are the best examples of the new trend toward smaller stadiums with more luxury seating - PNC in Pittsburgh, for instance, dropped about 10,000 total seats from Three Rivers, but with a much higher concentration of high-dollar, high-revenue luxury boxes. Similar things are happening in the NBA. Football stadiums don't exactly follow the pattern, mostly because the comparably fewer games played by each team leads to a lot more sellouts (and larger capacity is valued there, mostly to appease population demand). However, luxury seating is still at a premium - the main reason for obsoleting the old Foxboro Stadium so the Pats could build Gillette was that it lacked any sort of premium seating. The main issue isn't getting rid of regular seats completely, it's a redesign of seating to maximize revenue from luxury boxes. You have to sell a crapload of $19 seats to garner the same revenue as one corporate box. |
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