Katharine Nohr’s Post

It’s happening in every sport, in nearly every market, at every level: to help finance a new stadium or arena and increase revenue, professional sports teams—and some colleges—are developing mixed-use commercial real estate districts around their venues and maintaining ownership in the assets, a concept known as stadium anchored mixed use development. Stadium anchored development is blurring the lines between professional sports and commercial real estate—and has become a somewhat controversial topic for cities, states and taxpayers— so we decided to cover the topic in an on-going blog series. Part 1 in our series is on our hometown Chicago Bears’ on-going quest to build a new stadium and develop a surrounding mixed-use development and the factors that gave rise to the stadium district trend. You can read it at https://bit.ly/3XQHtaK #commercialrealestate #sports #stadiums #mixeduserealestate #stadiumanchoreddevelopment #chicagobears

This is a great article for anyone following the now defunct proposal to move the Capital One Arena to Alexandria, VA or the Tropicana field redevelopment in St Petersburg. I value what they did in Toronto to modernize the Rogers Centre and think about how visitors want to spend time and experience games. The idea of revitalizing an existing stadium over building new has so many benefits from the environment to preserving the local economy to saving money. Let’s take some lessons from these examples!

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In recent weeks there has been a lot of conjecture about investment in stadium infrastructure. In reviewing learnings from Mark Zucco's recent US stadium tour with Outpoint Group, one thing is certain, without investment, Australian stadiums are at risk of being left behind when compared to the rest of the world. We must find ways to continue to invest while also exploring alternate funding models; private funding, super funds, or a 'tourism tax' like that in the US. But, we must also get comfortable with smaller venues. Brisbane does not need a 70,000-seat stadium on an ongoing basis. 40,000 - 45,000 is plenty. Let’s right-size our venues and strike the right balance between capacity and stadium economics.

🏀 Dive into our latest blog post as we explore the exciting world of NBA real estate near TD Garden and beyond! From courtside condos to slam-dunk investments, discover how Celtics fever is heating up the housing market. Don't miss out on this winning play! #NBARealEstate #CelticsNation #TDGardenLiving

Saturday we jumped in the lake for the 2024 Vt Special Olympics Penguin Plunge at the Burlington waterfront. The lake was a chilly 37 degrees but these Frozen Fiduciaries were ready for it! The positivity and support that surrounds this event is infectious! #givingbacktothecommunity #penguinplunge #sovt #FamilyOffice #financialplanning #FinancialGrowth #FinancialManagement #Vermont #WealthManagement #FinancialAdvisor #FinancialAdvisors

It says a lot about a company when you own 3 of the 5 projects for stadium builds set to open in 2024 🏀🏒⚾🏆. STACK customer PCL Construction is leading the pack with renovations to NHL’s Toronto Maple Leafs and NBA’s Toronto Raptors arena, MLB’s Toronto Blue Jays stadium, and home to the LA Lakers, NHL’s Los Angeles Kings, and WNBA’s Los Angeles Sparks. PCL is streamlining their preconstruction processes with STACK’s innovative and hyper-accurate takeoff feature to enhance estimating capabilities. When you're a billion-dollar powerhouse, you need a solution that doesn't just work for you, it helps you win. Read ➡️ https://hubs.la/Q02lk0d20 #constructiontechnology #constructioninnovation #digitaltransformation #construction #preconstruction

“From an A-League perspective, professional, semi-professional, of which we have a vast amount of content for, it's not entirely suitable [Suncorp Stadium], and the right size for football is probably more around the 15,000 mark. We need that to help the professional and semi-professional game flourish.” ⚽ FQ CEO Robert Cavallucci discusses the suitability of existing infrastructure for football in Queensland and outlines the importance of investing in purpose-built facilities to support all levels of the game in Part 7 of the #EQUALISER series with Simon Hill. As the #EQUALISER campaign highlights the vital need for greater investment in football, discover how FQ is working to meet football's growing demands in the 2024 - 2026 Infrastructure Strategy. Read the Infrastructure Strategy 👉 bit.ly/3AHlMnl #FootballinQueenslandUnited

Ah, renderings. Love them or hate them, they are a key part of the marketing and approval process for any project. What I've found when I've presented, though, is that renderings are a magnifier. If people are on board, they're going to get more excited. If they're on the fence, well now they have something solid to throw rocks at. The key to winning people over is to be clear about what's in it for them. We know the teams and their owners are going to make money. What makes it okay, though, for the public to partially fund that moneymaking endeavor? What do we get out of it? We hear the part about the sales and other tax increases that will be required. Why aren't the benefits also made more clear? Governments frequently offer tax breaks to corporations to encourage them to come to town, too. As part of that effort they do complex tax income forecasting to help justify the discount and show when it will pay off. Even Taylor Swift gets incentives. I read that several countries paid Ms. Swift and her team to make their location her exclusive tour stop in the region. The reason? Because they knew they would reap hundreds of millions in economic benefits because of it. We're not that different. Maybe lead with the money - the public benefit - and then show the pretty pictures. Maybe these owners could even get creative. The NFL doesn't allow teams to go the Green Bay Packers route and be publicly owned anymore, but why not make every local tax payer a shareholder in the stadium project? Or just offer tax rebates if or when the building exceeds profit targets. Now that's what I call a public-private partnership!

No expense is spared when it comes to upgraded #facilities and state-of-the-art amenities for College football: https://hubs.li/Q02x5Slb0 Yes, we implement drawing/submittal management for stadiums. #Facilitiesmanagement #CollegeFootball