Stadiums and Arenas
A major income generator for sports enterprises is the facility where teams play or events are held. This is also often a revenue source for the municipalities in which these teams play. It can also be a huge expenditure for the parties involved. The importance of a quality facility to the financial success of a sports franchise is now clearly appreciated by all parties involved. The opening of a new or heavily renovated facility is a transformational moment in the business of a sports franchise. This moment has already occurred for the majority of professional sports franchises, with approximately 80% of MLB, NBA, NHL and NFL teams doing so since 1990. Although the building boom for the current ...