Tag: Phoenix

Arena Ballpark Stadium

Does your sports team need help convincing the public to give the team billions of taxpayer dollars? Call the Seidman Research Institute

The Phoenix Business Journal wrote a story on a recently released study by the Seidman Research Institute that discussed how a women's final four tournament held in the area generated a huge economic impact for the state of Arizona. Apparently, this tournament created $42.2 million for Arizona's Gross Domestic Product for Phoenix, while the State of Arizona saw a $71.5 million overall impact. However, the report appears to be missing a lot of information. The report admits to JUST using “new dollars” that Arizona may have received during the tournament. What about expenses? What about the substitute effect? Or…

William Neilson Jr.
Arena Ballpark Stadium

Will news sites ever properly label people who are clearly biased or have an interest in the venue?

Yesterday, I saw an opinion piece in the Sports Business Journal. The point of the piece was just how great the World Cup will make our stadiums look for future events. The article claims that the current stadiums that are hosting World Cup matches shortly are all in top-notch form and can handle any future “World Cup (matches), Super Bowl(s) & specialty events, concerts, and more.” About here is where I started to wonder whether this was an actual opinion piece or essentially an advertisement by a financially biased individual/group. It is the latter. Before we go into that,…

William Neilson Jr.
Ballpark

The Arizona Diamondbacks just got $500M of taxpayer money yet now want even more

Recently, Arizona Diamondbacks officials have issued several public statements that seem to suggest that the team will demand more taxpayer money. Since the lease agreement between the team and county expires after the 2028 season, the Diamondbacks are apparently using this as a reason for more taxpayer money to be given to them. This week, the team opened up to being shocked at how much it costs to repair and upgrade equipment at their ballpark. The team admitted that the cost of recent repairs to things, like a new air conditioner, were “much higher than we thought.”

William Neilson Jr.
Stadium

After being told that a Final Four would bring trillions to the area, the city of Glendale accepts that they made almost nothing off it

Last year, Glendale, Arizona was told that it could make $270 million dollars in economic impact from hosting a Final Four event in 2024. This year, some groups mentioned the possibility of the state making an impact between $250-$300 million from the Final Four. Others believed it was possibly for the state to bring in over $400 million dollars. The 2017 Final Four in Arizona brought the state $324.5 million dollars of economic benefits. Where did that money go?

William Neilson Jr.
Stadium

The Super Bowl continues to suck cities in with false promises of economic glory

Why are cities not making more money off this big event? Because they are paying millions upon millions in expenses mandated by the NFL. In 2016, local taxpayers in San Francisco paid the bill for hosting the Super Bowl and its many off-field festivities. The NFL, a multi-billion dollar company, pays nothing, let me repeat that, nothing during Super Bowl weeks because of a deal between the city and the NFL Host Committee. If you were wondering, local taxpayers did pay for the construction of the stadium in Santa Clara. There is a vast amount of evidence that suggests…

William Neilson Jr.