As new stadia are created and built, the pressure is on for teams in all leagues to create a state of the art facility that outshine and outperform the rest. This isn’t occurring only in North American. Expansion, renovations, and new buildings have been happening to stadia and arenas worldwide. The ideas and technology behind these buildings are extremely impressive and in some cases almost unimaginable. However, with these great ideas and new additions comes pretty high costs and the construction can be very expensive for owners and stakeholders. A new stadium can bring leagues and owners a number of positive benefits. Fans may attend the facility just to view it and it may not have anything to do with who is playing or how the team is …show more content…
Public funding is the use of public funds to finance the project. If the stadium uses private funds, that means they are not using public dollars. Twenty-seven facilities were built from the late 1880s through the end of the Depression (Brown, 2010, pg. 215). Public money was not used to build a stadium until 1923 when the LA Coliseum was built. Of the twenty-seven facilities built prior to World War II, only five received public funding (Brown, 2010, pg. 215). From 2003-2009, fifteen stadiums were built and fourteen of them were built using public subsidies for sport stadium …show more content…
The first would be to make sure they are pricing their seats accurate to the market they are selling in. It is important to conduct and gather as much market research as they can prior to releasing specific prices. A few teams have later had to go in and adjust or lower their pricing maps. This could be negative for the team, press, and accounts they have already sold to. It shows the public that the team is struggling to sell the licenses and that they are not in large demand. This could cause people to put off purchasing the