William Fulton, FAICP’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

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

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

In a piece called “How to end stadium subsidies,” I wrote about how to end stadium subsidies. TL;DR - ban closed leagues. https://lnkd.in/gn9RMNEs

#socialinfrastructure #P3 Sports & Entertainment Venue | Capital Markets ..activity continues to accelerate as best practices and successful case studies circulate

Explore our most recent case study that emphasizes the challenges associated with valuing sports and recreation facilities. Visit our website to read more https://bit.ly/48a9zUZ For enquiries regarding your valuation needs, please reach out to Rob - 07960 612765 / rob.greenwood@parkinsonre.com #PRE #ParkinsonRealEstate #ValuationAdvice

Our partner Charlotte Lewis-Williams shared insights on how sports finance is evolving in 2025. Read the article to learn about innovative strategies and the rise of inclusive practices in the industry. #SportsFinance #Innovation #TrendsInSports

Stadiums and sports facilities are more than just venues for athletic events—they play a crucial role in the success of athletic programs. Well-maintained, modern facilities not only provide athletes with the resources they need to perform at their best but also enhance the overall experience for fans, students, and the community.  High-quality facilities can attract top talent, increase school spirit, and boost revenue through events and sponsorships. Whether it’s hosting local tournaments or providing a space for school functions, these spaces are essential for fostering pride and engagement within the school and surrounding community. Investing in the development and upkeep of stadiums and sports facilities is an investment in the future of athletic programs and student success. Read the full article: The Importance of Stadiums and Sports Facilities for Athletic Programs at https://lnkd.in/g6HPWvdN #AthleticPrograms #SchoolSports #StadiumUpgrades #CommunityEngagement #SportsFacilities #StudentAthletes #SchoolSpirit #FacilityInvestment

“The global youth sports market, worth $37.5B in 2022, is estimated to hit $69.4B by 2030. Over $1B worth of construction on new and renovated youth sports facilities in the US will be finished this year. Youth sports tourism generated a reported $39.7B in direct spending in 2021, with a total economic impact of $91.8B.”

"Plans for Kyle Sportsplex Begin to Take Form" Read the full article below..