Tag: Houston

Arena Ballpark Stadium

Team owners continue to get out of paying for venue upgrades when they are responsible for keeping it at a “First-Class Condition”

The new owner of the Portland Trail Blazers, Tom Dundon, told Portland city leaders that he won't negotiate with them until language is changed in the lease agreement between the city and the team. Dundon is demanding the removal of language that requires the team to keep the Moda Center in first-class condition. When an agreement includes a “First-Class Condition” or “State-of-the-Art” clause, it requires the facility owner (either the city/county or the team itself)…

William Neilson Jr.
Stadium

FIFA made $15B from this World Cup. Actual businesses near the matches? Not so much…

Now that the World Cup is over, I went looking to see how businesses did in host cities. FIFA made $15B in revenue from the current World Cup. That is a considerable amount of money to be taking in from this event. Surely the host cities will see some of that money, right? No, host cities get none of this money. Before I could even look into how local businesses did during the matches, I found…

William Neilson Jr.
Stadium

World Cup matches were going to cost Boston taxpayers virtually nothing…until now

Today, Boston 26 argues that the city is in “jeopardy” of losing the matches unless $20 million in taxpayer money is given to them. Keep in mind that Boston 26 was first trying to demand almost $40 million but they have since brought that down to $20 million mark. But didn't Boston 26 say they wouldn't ask taxpayers for help? That everything was already in place?

William Neilson Jr.
Ballpark

The Anaheim Angels must keep their ballpark in “first class” condition. Why can’t cities & counties use the Angels definition of first-class?

The Anaheim Angels need to be held to the same standard as sports teams holding their cities when the government handles the facility. However, it shouldn't come as much of a surprise to see some local leaders appearing to give the team ways out of their lease agreement. Others suggest the ballpark is, in fact, a first-class ballpark right now. One City Councilman told a local media outlet that the lease agreement to him seemed…

William Neilson Jr.
Stadium

Houston Texans stadium continues to haunt local leaders as one of the worst financial stadium deals

Residents of Harris County should pay attention to this part because “taxpayers will have to pitch in to close that gap”. You better because the Texans, a team worth over $6 billion, are “frustrated” at the “lack of maintenance”. When Houston got the Super Bowl in 2017, the team got angry at the county because of their refusal to pay for expensive upgrades that would just be used for the Super Bowl. Don't you worry though,…

William Neilson Jr.
Stadium

The World Cup is going to make everyone billions and billions of dollars

Mexico, the United States, and Canada will jointly host the 2026 World Cup. As the event approaches, cities are getting prepared for the upcoming games. It is rather surprising to see how different cities are reacting to the World Cup approaching. Some cities are outraged at the rising costs, some cities are falling in love with their economic impact projections, and some are just happy to have the games coming to their city. Unfortunately, some…

William Neilson Jr.