Colorado Springs Sky Sox Case Study

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

The current trend in baseball park construction is a retro design, reminiscent of the early years, combined with modern technology. This trend, dubbed “The Construction Era” by Frank Deford of Sports Illustrated, is prominent in three new American League parks: Oriole Park at Camden Yards, Jacobs Field, and The Ballpark at Arlington. The current idea for ballpark construction is to locate the retro style parks in the heart of urban areas. The whole movement was initiated by the construction of Oriole Park at Camden Yards, and it’s radical new design concept.

Market reaction: Based on the data available and the DCF analysis, the market will react positively if the above stated decision is announced. The large investment will show that the company foresees a favorable future. The increase in revenue from the bigger stadium and better player will result in a increase in the market standing of the company.

Not only has Dodger stadium hosted baseball games, it has also held concerts and soccer tournaments and even charity events. The stadium had a huge capacity of 56,000 that makes it the largest than any other MLB stadium. Many fans see Dodgers stadium with admiration because of everything it has accomplished and has been part of. What many do not realize is the suffering of many families that had to take part in order for the Dodgers to have a home and this stadium to take place.

The Boise Hawks are a minor-league baseball club affiliated with the Colorado Rockies. Professional baseball is made up of many different leagues, governing bodies and levels. For example, Major League Baseball (MLB), Minor League Baseball (MiLB), countless different Independent domestic and international leagues with their own minor league systems. Minor League Baseball (MiLB) is a governing body associated with the MLB. The MiLB is made up of many different leagues and levels. Teams within the MiLB are associated or affiliated with a MLB Organization, which is made up of many different teams in many different levels. Minor League Baseball’s focus is to develop talent for the MLB team. The MLB team will supply the baseball operations part of the club while the ownership group of supplies and covers all the business-related activities such as advertising, marketing, corporate sales, ticket sales, concession activities and any other operational activities for sports events. The Boise Hawks are currently in the process of relocating and building a new stadium in Downtown Boise. The build site is on Linder Road and Utah Avenue, which almost completing unoccupied strip mall with only a few small businesses and two large unoccupied office buildings. The current stadium is outdated and lacking the proper athletic facility. The affiliated MLB the Colorado Rockies is pushing for the Boise Hawks to build a new stadium for a better athletic facility. The Boise Hawks organization

Having been tasked with developing and implementing a comprehensive marketing and promotional strategy for the Staten Island Yankees, the Class-A short season affiliate of Major League Baseball's famed New York Yankees, the first priority would be to conduct a thorough appraisal of the organization's current situation. Playing within the confines Richmond County Bank Ballpark, a 7,171-seat waterfront stadium on the northernmost tip of Staten Island, the team recorded a total attendance figure of 192,568 in the 2011 season. This figure means the average Staten Island Yankees game drew only 5,663 fans, or just 79% of the ballpark's capacity, which is unacceptable to say the least. Last season was even more disappointing in terms of local support for the team, and as the Staten Island Advance recently reported "Staten Island has seen an estimated 30 percent drop in reported attendance from a year ago, dipping to 3,934 fans per game through the first 22 home contests compared to 5,663 per game during the 2011 season" (Waggoner, 2012). After a 30-45 finish in last year's regular season, in conjunction with the MLB Yankees roster deterioration over the last offseason, it is reasonable to expect a decrease in attendance similar to the 30 per cent loss seen last year unless a concerted effort is made to revitalize fan support and rebuild the Staten Island Yankees brand. The following sales and promotional strategy report will

Make this a one-page handout which includes the WBS, with correct numbering, indentation and use of verbs, plus the task relationships and durations reflected in a Gantt view. (This is Part I of Homework II. Highlight the critical path and other key pieces of information.

Sports teams are a symbol of a cities pride. Take for example the Chicago Cubs. They create a sense of loyalty toward that city. However, none of that would happen without a stadium. Stadiums and teams can play a very important role in a cities economy, or they could also be irrelevant. To decide whether or not they are useful or not you must first understand each side of the argument. So first, let’s examine the pros of having a stadium within your city. Then, we will discuss the harms of having one. And finally, decide which side is more beneficial for the economy.

The aim of the Wembley Stadium project was to build a new 90,000 seat state of art stadium. The new stadium was going to be used for a variety of functions ranging from football and rugby matches to concerts and private events. The stadium was to have a 50-year design life, and be both functional and architecturally significant. In addition, it was essential that the stadium allowed as much daylight and ventilation to reach the pitch as possible. A main goal was to have the build achieve UEFA five-star stadium status. The project was to be funded by a combination of state (National Lottery Fund) and private investment.

At a recent management meeting Charlie Musselman, the president of the company, expressed optimism at winning the contract and revealed that the company could net as much as $2 million on the project. He also said that if they are successful, the prospects for future projects are quite good since there are quite a few major stadiums in Canada that will need replacing in the next 25 years.

Due to the high costs the goal of breaking even is a large task. At current product prices a profit of $53,676 can be expected. This is total by 21,582 who will at least attend one game. Next we can assume that amongst that population of 21582 54% would be interested in going to one game, 28% interested in at least 5, 13% would be interested in half season and 5% in full. Of the 54% who will attend one game 80% would pay $10.

In the United States, new sports stadiums are commonly seen as a vital part of the redevelopment of a city having a great economic growth with the production of jobs and a positive income builder. After this, the owners of the pro sports teams with millions and millions of dollars of subsidies for the construction of new stadiums and arenas and expect these facilities to generate economic benefits exceeding these subsidies by large margins. However, a growing body of fact indicates that professional sports facilities, and the franchises they are home to, may not be engines of economic benefit anywhere claims Sachse, “. In reality, sports franchises typically account for a very small proportion of the total economic output of the cities in which they reside.” Some economical studies on the amount of income and employment in US cities find no evidence of positive economic benefits associated with past sports facility construction and some studies find that professional sports facilities and teams have a net negative economic impact on income and employment. It just shows that these results suggest that at best, professional sports teams and facilities provide non-pecuniary benefits like civic pride, and a greater sense of community, along with consumption benefits to those attending games and following the local team in the media; at worst, residents

The city of Springfield, Massachusetts were blessed with the basing of a baseball minor league franchise in their city. But the class A team is faced with great revenue generation challenges that will make or mar the organization. The new team might likely take advantage of the fact that closest sports franchised teams are all located 90 miles away from Springfield. This might create a ticket and concession boom for the team and other benefits like employment and taxes for the city. The city has a considerable moderate family income and a recent growth index in the healthcare, financial, and other small and medium enterprise sectors is an advantage

   Abstract:  The Stadium  construction boom continues, and taxpayers are being forced to pay for new high tech stadiums they don’t want.  These new stadiums create only part-time jobs.  Stadiums bring money in exclusively for professional leagues and not the communities.  The teams are turning public money into private profit.  Professional leagues are becoming extremely wealthy at the taxpayers expense.  The publicly-funded stadium obsession must be put to a stop before athletes and coaches become even greedier.  New stadiums being built hurt public schools, and send a message to children that leisure activities are more important than basic education.  Public money

This directly impacts the projected NPV of the project as almost 95% of the cash flows are derived from this boost in sales. In addition to the financial support, remodeling the Stadium location also fits well with their business strategy. Some of the key supporting evidence includes a high percentage of the target market in the trade area at 42% of college educated adults, and a population with the highest median income of the group at $65,931. Most important to Target however, would be the maintenance of their brand. As a company that places a high value on the image of their brand, revitalizing a lagging store would both keep their presence in the local area and potentially draw more customers to an upgraded location. The final decision would be to accept the project under no budget constraints, but not issue new debt or equity to achieve it.