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1986 Tax Reform and Stadium Finance
At the Chicago Tribune, Ameet Sachdev discusses the Ricketts family's petition to issue tax exempt bonds for renovations at Wrigley Field. Most of the story is an account of standard ... -
Muni Bond Watch Turns to Sports Facilities
In recent years a handful of top-level teams have gone through or flirted with bankruptcy. This is a global phenomenon, with a list including the Rangers in Texas, Portsmouth in ... -
Naming Rights Pioneer Firm Folds
The Bonham Group - a Denver firm involved in naming rights negotiations - has closed down, a reflection not just of the recession but the current state of sponsorship in ... -
A good deal gone bad?
A Minneapolis developer signed an agreement a few years back to build and operate the Sears Centre Arena in Hoffman Estates, Ill., a suburb of Chicago. The city provided "about ... -
Take Me Out to the (Newer) Ballpark
My wife and I recently visited the West Coast, affording me my first game at Dodger Stadium in 45 years. While Brooklynites still despair the Dodgers exit from the East ... -
A new ballpark for the Rays?
The newly competitive Rays of Major League Baseball are attempting to move from Tropicana Field - an outdated facility, to put it mildly - to the waterfront on Tampa Bay. ... -
Stadium Naming Fun
Lackawanna County stadium naming contract must be made public, state says What a great headline! Here is how the story begins: A naming-rights agreement for the county-owned baseball stadium is ... -
"As Stadiums Vanish, Their Debt Lives On"
Ken Belson digs into the financial legacy of the Meadowlands Sports Complex in today's New York Times. In short, it's a money loser, with $266 million in debt for which ... -
The NFL to Member Teams: All Your Los Angeleses are Belong to Us
When the most recent print version of the Sports Business Journal arrived at Chez Miller, an above the fold headline read: "NFL: We Have Final Say in L.A." with a ... -
Pontiac Silverdome Sells for $583k
The Pontiac Silverdome, built in 1975 at a cost of $56 million (over $200 million in today's dollars), was sold at auction yesterday for $583,000. Folks, houses in your neighborhoods ... -
Teams Leave Before the Debt Does
The Red Sox want spiffier spring training digs in Fort Myers, Florida, and the locals of Lee County will oblige. After "kicking the tires" of one or two alternative venues, ... -
Downsizing
At Baseball Prospectus, Nate Silver provides a thorough analysis of the downsizing of Major League Baseball stadiums in recent years. (Silver's piece is free until 7/27, gated thereafter). I'm struck ...
