It is a well-known fact that public funds are used to help professional sport teams build their stadiums arguing that all the costs incurred in the new construction will be counteracted with regular season games or mega sporting events such as Super Bowl or World Series. This paper is analyzing the particular case of the new Dallas Cowboys football stadium .There were five available options.…
A company that strives to be competitive in whatever market they belong to will always look for strategic and competitive advantages. Building a market-competitive compensation system is the first step needed to attract, retain, and promote high performing individuals who will help a company reach and maintain that edge over competitors, so it is imperative to get it right the first time: offer compensation that is far above the median wage and the company must lower its bottom line, leaving it less money to reinvest, pay stockholders, etc. Offer too low a compensation package and the company will not be able to attract the high performers it is looking for to drive the competitive advantages further.…
Upon the management’s request, I have been appointed as an analyst to express my opinion on the effects of proposed tax on sodas on its business and consumers. The supermarket chain is currently a monopoly and is comprised of seven stores altogether. The businesses have ample capacity and are currently charging the optimal price, quantity, and thus earning maximized revenue. However, the government is now considering a proposal to impose a 1% tax on soda sold in the supermarket chain. I have analyzed the effect of this 1% “fat” tax on consumers and its supermarkets. To better serve the management and help decide which tax schemes are better, I have included my analysis on this report. The information includes: current revenue maximizing price, output, and maximizing revenue; the effects on management and consumers’ satisfaction; and the alternative way for the supermarket chain to produce the same amount of tax revenues. I wish the management will consider all aspects and effects of the two tax schemes and carefully determine which scheme will benefit the consumers, supermarket chain, and government.…
I plan to build a state of the art football stadium on the Florida Gulf Coast University property. The most recent universities in the state of Florida to start football have been Florida Atlantic and Florida International universities. The starting cost for FAU was almost $50 million, which did not include the cost of the…
While it swarms the air the first thing that is noticed by most is the smell, one step in and the war,smell of deep fried food surrounds you. It would be overwhelming, but the vast stadium spreads out the aroma as much as possible. People immediately go on a quest to search for the scoreboard,but nobody looks for very long, because stretched from one twenty-yard line to the other lies the oversized HD scoreboard that is unrivaled by any other. Next to the mammoth scoreboard an Imax would look like a tablet, on each side of the main screen there is a smaller screen that is still monumental. Concrete walkways leading to the seats are lined with a tunnel of stores all displaying a lone navy blue star with a white outline. All of the walls are either navy blue or gray, the only other colors in the place come from the glare of the scoreboard’s lights. Every seat is a drop of water in a sea of blue, with the only blemish being the occasional fan for the opponent. At the base of all the grand stands lie a field that is precisely laid green AstroTurf with the only exception being the navy end zones at each end, it isn’t game ready yet. Theatrics for the national anthem and team entrances are set up randomly around the…
7. What elements outside the stadium have an interest in the game, or can affect our game in positive or negative ways (E):…
The stadium was built on the side of a hill. The parking lots surround the stadium and fans get to enter the same level on which there seats are located.…
•What type of events have some of the stadiums, or arenas hosted over the years.…
My interest in the topic of publicly funded stadiums and arenas for private sports franchises has been fueled by the situation in my hometown of Sacramento, and the building of a new downtown arena for our beloved Sacramento Kings. The city is going to be picking up most of the tab for the new arena, and the deal comes after years and years of other failed attempts to publicly fund a much needed modern arena. The Kings arena saga also includes many attempts to relocate the team to other cities willing to hand out public funds and build a new stadium for the privately owned franchise. All of this public money being thrown around raises controversy on whether or not public funds should be spent to help fund private arenas for rich owners. The threat of relocating a pro sports franchise is a way for leagues to hold cities hostage and demand public money or else they'll go to a city willing to pay. This is exactly the situation Sacramento found itself in this year with the Kings threatening to move to Seattle. In the end, Sacramento responded by giving out more public funds then Seattle and saved its team from moving. But is it worth it? Examining this situation will highlight both the negative and positive impact of publicly funded sports facilities.…
The main cause for the fall of past civilizations is lack of food supply. The Mayans and Sumerians met their fate from this issue. The Sumerians due to elevated salt levels in the soil due to defective irrigation systems. The issues from this resulted in killing of all their crops and food sources. The Mayans were impacted by drought and soil erosion. It is hard for any civilization to flourish when they do not have a steady supply of food.…
The past 20 years have witnessed a massive transformation of professional sports stadiums in North America and the rest of the world. In the United States and Canada alone, by 2012, 125 of the 140 teams in the five largest professional sports leagues, the National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), Major League Soccer (MLS), and National Hockey League (NHL), will play in stadiums constructed or significantly renovated since 1990. This new construction has come at a significant cost, the majority of which has been covered by taxpayers. Construction costs alone for major league professional sports facilities have totaled in excess of $30 billion over the past two decades with over half of the cost being paid by the public.…
References: Ammon, R. Jr., Southall, R. M., & Nagel, M. (2010). Sports Facility Management: Organizing Events and Mitigating Risks (2nd ed.).…
The sports stadium was the first domed stadium in the US which was remarkably built with indoor air conditioning and Astroturf (HRSG, 2015, 152). As first of its type, the dome is 18 stories high, has a diameter of 710 feet, and sits on approximately 10 acres. The Astrodome is also a multi-purpose structure since it was designed to host all kinds of events such as football, soccer, baseball, and track and field events (HRSG, 2015, 152). Nevertheless, the Astrodome was closed in 2008 after inspectors found innumerable code violations which threatened sports fans or anyone inside. The dome holds historical and artistic value as the first domed stadium. Its design will remain relevant for future use. But with advancements in technology, engineers are now able to make stadiums with retracting roofs. This means during sunshine the roofs are retracted or closed during rainfall or night…
Safety of Sports Grounds Act 1975- covers all stadiums and all sports. It protects all spectators.…
Public Funding: The Great Impact On the Community Supersized digital displays, retractable roofs, luxurious suits and seats, brand new state of the art technology, all things that are publicly financed by taxpayers and host cities of professional sports teams for their stadiums. Public subsidization is a policy that needs to stay around. Public funding of sports stadiums will boost the economy of not only the city, but the region around the city as well. When cities are willing to bring in and subsidize major sports teams stadiums, they are creating jobs, creating economic opportunity in the region, and attracting other tourists into the city. When a new sports stadium is being brought into a city, it brings more than just the attraction…