In this week's column, I ask: What could a sports economy look like if we moved beyond tired sports stadium districts? There's a lot more our local governments could do to innovate on the "rec" side of parks and rec. Read more: https://lnkd.in/ePM6h3b8
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MANCHESTER UNITED'S PLANS FOR OLD TRAFFORD Big Changes Ahead: Manchester United is considering some major changes to their iconic Old Trafford stadium. The club's owner, Sir Jim Ratcliffe, has been talking about building a brand new stadium that could cost a whopping £2 billion. New Stadium on the Horizon: Sir Jim Ratcliffe has been dreaming of a new stadium ever since he became a part owner of the club. He even put together a special team to help make his dream a reality. The new stadium could hold up to 100,000 fans and has been compared to Wembley Stadium in London. Old Trafford's Fate: Originally, the plan was to keep Old Trafford around but make it smaller. This way, it could still be used for the women's and academy teams. However, a recent report suggests that Old Trafford might actually be torn down instead. Complex Plans: The club is now thinking that keeping a smaller Old Trafford might be too difficult and expensive. They are considering building a new, smaller stadium for the women's and academy teams instead. Preserving History: If Old Trafford does end up being demolished, the club promises to set up a special group to make sure that the historical parts of the stadium are saved. Surveying Supporters: To get a better idea of how fans feel about all these changes, Manchester United will be sending out a survey to season ticket holders. This way, they can make sure that the fans are on board with the plans for the future. Follow the Kilowiblog channel on WhatsApp: https://lnkd.in/dJw5GDAc
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#States across the U.S. are constantly exploring new #revenue streams to bolster their economies. Kentucky, like many others, sought to capitalize on the growing popularity of sports #betting. This #industry promises not only significant #financial benefits but also a form of entertainment that engages a wide audience. However, questions about market potential and public interest loomed as #Kentucky launched its #sports #betting initiative. Read more - https://lnkd.in/dyxHGiTg
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The narrative surrounding the new stadiums for the Chiefs and Royals has the KC area buzzing. As both teams look to modernize their homes, the stakes are high not just for sports fans, but for the entire community! It's not just about touchdowns and home runs; it's about shaping the future of Kansas City and making it a destination for sports fans everywhere. A new stadium could mean revitalized neighborhoods, increased tourism, and a boost to the local economy. However, it seems not everyone agrees the potential positives outweigh the potential negatives. What do you think of the Stadium Situation? Sound off in the comments below! #KansasCity #KCChiefs #KCRoyals #LocalPolitics
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Game of Inches Not counting the complete butt whipping at State Farm Stadium, there were some incredibly competitive games across the sports world this weekend. Many featured close plays that were the difference between winning and losing. First downs barely made. Field Goals narrowly missed. Slap shots clanked off the post. Penalty kicks stopped by a fingertip. Sports is indeed a game of inches on the field of play. Unfortunately, it’s also a game of inches in the grandstands as fans put forth maximum effort to squeeze their well-sculpted butts into highly priced stadium seats. The CDC reports that the average adult US male is 5’9” tall, weighs 199.8 lbs. and has a 40.5” waistline. The average adult female is 5’3”, weighs 170 lbs. and has a 38.7” waistline. I don’t want to question the CDC’s research, but the fans I sit next to must all be overachievers. Now, try figuring out how to fit those robust measurables into a typical arena, stadium or ballpark seat. Seats that are as small as 18” wide with only 33 inches of legroom. Not even Pythagoras could make that math work. Most pro sports teams work their tails off to put butts in seats. New venues are adding technology like USB charging ports, Wi-Fi and personal screens to stadium seating as a way to further encourage fan attendance. I’ll bet those improvements will be well received. However, they won’t be enough to cover the spread. The man spread that is. Perhaps it’s time to look in the rear-view mirror and consider our posterior motives. Let’s not just put butts in seats. Let’s put butts in seats comfortably.
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No More “Arlington Bears”? 🐻 Chicago Bears Unveil Plan for New Domed Stadium on the Lakefront The Bears spent almost $200 million more than a year ago to buy the site of the Arlington International Racecourse from Churchill Downs in Arlington Heights. However, plans for a $5 billion stadium complex on that 326-acre site have stalled after the team wasn't able to reach an agreement over property taxes with local schools in the area. Because of this, the Bears provided the first renderings of what they are calling a "state-of-the-art, publicly owned enclosed stadium" along the lakefront on the site of what is currently a parking garage and lots for Soldier Field.The new stadium would have a fixed dome that would allow the city to host Super Bowls, World Cup soccer, NCAA Final Four games, Big Ten championship games, and even local or state high school football championship games. The new stadium would also allow the Bears to host more concerts and potentially even have musicians use the stadium for weeks-long concert residencies. What are your thoughts? Would you rather have the new stadium in Chicago or Arlington Heights?
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In this article we examine the key drivers fueling the growth of Sports Betting in the US and explore what the future holds for the industry: https://lnkd.in/eEQGwTb4 🚀 🇺🇸
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Las Vegas is not only the Entertainment Capital of the World, but also the Sports Capital of the World. 🏈⚽⚾ And a new USA TODAY article explores how Las Vegas has ‘leaned into’ the sports economy to boost the region’s growth ✨: https://hubs.ly/Q02T_cs80
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🏟️ Breaking Down the Economics of Sports Stadium Financing 📊 Are public funds for sports stadiums a touchdown for local economies, or are they fumbling taxpayer money? A deep dive by @JournalistsResource lays out the key findings from numerous studies examining the economic impact of publicly financed sports stadiums. 🔍 Among research findings: - Journalists often report figures from press releases and economic impact statements without questioning the assumptions of those analyses. - Of the dozens of stadiums built in the past two decades for the four largest American sports leagues, about 4 in 10 were financed at least in part with municipal bonds exempt from federal taxes — which places part of the financial burden of stadium financing on residents nationwide. - Football and baseball stadiums may increase foot traffic to nearby businesses, but basketball and hockey arenas do not. This analysis is crucial for journalists covering economics, sports, urban development, or public policy. It equips you with data and insights to question and critique local government spending decisions. 🔗 For more in-depth analysis, check out the full article linked in bio. #SportsEconomics #PublicFunding #EconomicDevelopment #Journalism #UrbanPlanning
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At the same time that the #sportscape is becoming nationalized, #cities are doubling down on subsidizing #stadiums -- especially for the #NFL. Does it make sense to keep pouring money into stadiums to keep teams local when fans' geographical relationship to their teams is weakening? My latest on Substack. #urbanplanning #futureofwhere https://lnkd.in/gbkVbdNY
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