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Riding on the waves of the Detroit Lions' playoff success, it's impossible to overlook the profound impact a victorious sports team can have on a community 🏈 A single victory pumped an astounding $20 million into the local economy, a figure that rivals what a Taylor Swift concert could bring in. Now, let's pause and let that sink in for a moment... The marvel of this story isn't just about the thrill of a long-awaited victory, or the impressive economic boom. It's about demonstrating the underappreciated power sports teams wield in bolstering their communities. They're not just teams; they are catalysts for community growth and enrichment 🚀 This got me reminiscing about my journey with EOS Worldwide. Much like the Detroit Lions, we're not just a company but a catalyst. We fortify businesses, harmonize vision, traction, and team health, and most importantly, we help create legacies of leadership excellence. But it's not just about the money or the accolades. It's about the transformation, the growth, and the sense of community. In the same way that the Lions have become a beacon of hope and a source of economic upliftment for Detroit, I believe we at EOS Worldwide have the potential to enrich business communities globally 🌍 Next time you watch a sports event, remember that there's more at play than just the game. And next time you think about your business, remember that you're not just building a company – you're building a community, a legacy, and a platform for growth. #DetroitLions #Community #Growth #EOSWorldwide

With news that the Chicago Bears are planning to stay in Chicago, and proposing to invest $2 billion in a new, lakefront stadium based on a public-private partnership with the city, along with talk of a financing partnership between the Bears & Chicago White Sox, learn more about what a public-private partnership could look like and how it might avoid pitfalls of public financing, in this article from 2021 by Christopher Berry & Justin Marlowe, when the Bears were threatening to leave the city. What do you think? How should cities partner with sports teams on stadiums? How can these projects be used to benefit the public? Are there any cities that have done this well? #chicagobears #urbanplanning #chicagowhitesox #stadiums #stadiumdesign #publicprivatepartnerships https://lnkd.in/gSxxXT2g

Hillsboro Hops recently announced the groundbreaking of their new $120 million ballpark, set to be ready by the 2025 season. The 6,000-seat venue, located next to Ron Tonkin Field, is expected to generate significant economic benefits as highlighted by a 2023 ECONorthwest study. The construction of the new stadium is projected to create close to 1,000 full-time jobs, with an estimated $192 million in local economic output. Once operational, the venue is anticipated to create nearly 400 full-time jobs, $20 million in annual wages, and contribute $3 million in annual state and local taxes. Funded by a combination of investments, including the Hops organization's $82 million contribution, the city of Hillsboro, Washington County, Explore Tualatin Valley, and a $15 million allocation approved by Oregon legislators, the new ballpark will be a pivotal addition to the community. Designed by Populous and SRG Partnership and built by Mortenson, the stadium will sit within the Gordon Farber Recreation Complex, ensuring the replacement of recreational sports fields lost during construction. With full operational control, the Hops will oversee all aspects of the venue, from expenses to maintenance, maintaining their commitment to the community and the game. Exciting times ahead for the Hillsboro Hops and their fans as they embark on this transformative journey towards a state-of-the-art ballpark experience. #HillsboroHops #NewBallpark #CommunityInvestment #EconomicGrowth

Jonathan Boyar's latest makes me ponder whether 2024 is the year of small caps. From a UK perspective it is tantalising; the FTSE 100 has just passed its 40th and much comment has been made about its relative underperformance and reasons for. So why not allocate capital lower down the scale and abroad? CME Group analysis notes (https://lnkd.in/eedeEeBk) on a long term basis that there are periods of uncertainty when small caps outperform, eg, "1990-1994: during the 1990-91 recession and its immediate aftermath, small caps again outperformed the S&P 500 by nearly 50%." and "1999-2014: in a new era of turbulence (tech wreck, 9/11, Afghanistan and Iraq wars, subprime bubble, economic meltdown and quantitative easing) small caps swiftly outperformed large caps once again, with the Russell 2000 drubbing the S&P 500 by 114%." Currently there are echoes of 'turbulence', eg, Mid East war, CEE war, Taiwan election flashpoint, cargo ships re-routing, possible return of Trump, UK mortgage holders facing a £19bn hike in costs...and the Fed's Beige Book summary (29 Nov 2023) states: "On balance, economic activity slowed since the previous report...The economic outlook for the next six to twelve months diminished over the reporting period." The next summary is expected 17 January.

It's moments like these that make me so grateful to work alongside such passionate and dedicated individuals. Working with people who deeply care about athlete advocacy and their well-being makes it all worth it. Together, we are not only making strides in athlete performance and recovery but also championing the cause of athlete advocacy. It's empowering to be part of this journey, contributing to the innovation that positions Cleveland as a leader in sports performance and health tech. Here's to making a difference, one athlete at a time.  #WomenInTech #AthleteAdvocacy #ClevelandProud #TeamTRAZER #Empowerment #Innovation #SportsMedicine #AthletePerformance #InjuryPrevention #TechForGood #WomenInSports #Leadership #ClevelandSports #HealthTech #SportsTech #CommunityImpact #InspiringChange #MakingADifference #ClevelandStrong #AthleteSupport #SportsScience #BreakingBarriers #FutureOfSports #WomenWhoLead #ChampioningAthletes #ProudMoment #SportsLand

Since we are in the mood of building stadiums and it seems it will happen no matter what we say, I am always going to advocate for resources on Chicago's far south side (Believe me, I am not advocating for stadiums when we have so many other priorities). There has never been a stadium built south of 95th Street unless the historians tell me otherwise. Let's spread the wealth of the Illinois Sports Facility Authority's (ISFA) bonds that are backed by the 2% hotel tax to Chicago's far south side. Wrigleyville is on Chicago's far north side and the rest of the stadiums are north of 35th Street (soon only north of 18th Street). Would be nice if the hotel tax could be used for Chicago State University Multi-Purpose Football Stadium. A decent example would be the New York City Football Club (NYCFC) and Queens Development Group (QDG) project, which consist of a 25,000 seat stadium with 2,500 affordable housing units, 250-room hotel, and 1-acre park space. Now, there is a casino so I am not advocating for a casino on campus, but I like the model. This project is expected to generate $6.1 billion in economic impact, 1,550 permanent jobs, 14,000 construction jobs, and proposes 100% affordable housing. Jerry Reinsdorf has stadiums that has received hundreds of millions of taxpayers' dollars as well as the Ricketts family, and quite honestly, these sports teams' records have been abysmal and yet they continue to get rich. These two families seem to have complete control over the ISFA bonds. Is there equity in stadium development and ownership? Is there equity in ISFA? Or is equity only in temporary small subcontracting construction positions, small business vendors, and hourly wages that can be discontinued at any moment.

A monolithic eyesore to some and a memorable treasure to others, San Diego's sports arena is old enough to warrant consideration as a historic venue. A newly published report says the arena is historically significant because of its contribution to the region’s economic growth after World War II, its association with a big name in the local sports industry and its New Formalism architectural style. Next week, the city's Historical Resources Board will vote on whether to formally designate the arena as a historical resource. The question then becomes, can the Midway Rising development team tear it down as planned? #sandiego #development #commercialrealestate #politics

Certainly one of our "biggest" local and state discussions over the next year for Chicago sports fans, planners, and economic development practitioners, here's an edited conversation between Joe Engleman at The Reader and historian Sean Dinces on how the current Sox stadium and United Center developments impacted local development and economics. There are many hidden costs beyond potential public incentives... there are also hidden and intangible benefits. The Sox need to stay in Chicago, and if they do move to the 78, time to roll out significant community benefits agreements for Chicagoans and negotiate a suitable replacement tenant for the existing stadium. https://lnkd.in/gnS38FUh

Green light for Jacksonville Jaguars ‘Stadium of the Future’ Jacksonville City Council has voted to approve the Stadium of the Future deal between the City of Jacksonville and the National Football League (NFL)’s Jacksonville Jaguars. The 19-member council approved the projected $1.4 billion renovation by a 14-1 margin with two abstentions. The stadium deal must be approved by NFL owners at their fall meetings in October. The agreement marks a critical step in a process that the Jaguars have worked toward for at least four years. The agreement will see the Jaguars and the city contribute $625 million each to the project, with the stadium undergoing major renovations. Work will get underway in 2026. The renovation will transform EverBank Stadium into a modern, state-of-the-art facility. The Jaguars originally announced plans for the renovation in the summer of 2023. The Jaguars said in a statement: "We’re excited that the City Council has approved this historic agreement that will keep the Jaguars in Jacksonville for decades to come, enhance the fan experience for NFL and non-NFL events, and provide a springboard for downtown growth starting with the completion of world-class riverfront parks. "The other portions of the community benefits agreement represent a once-in-a-generation opportunity to improve the quality of life for citizens across Jacksonville. We remain committed to working with the City Council to pass those pieces of the package when they return in July." Shad Khan, Owner, Jacksonville Jaguars, said: "The belief and determination of Delores and Wayne Weaver to make the Jacksonville Jaguars a reality more than 30 years ago was reaffirmed today by the leadership of Mayor Donna Deegan, her team and the Jacksonville City Council. The message then, and now, should be clear. Never doubt Jacksonville!" For the full story, go to: https://lnkd.in/esDf5ypD #nfl #sportsbiz #sportsindustry #stadia #stadiumdesign #sportsvenuebusiness #sportsvenuebiz #svblive Sports Venue Business SVB LIVE John Sheehan The Sports Networker