Facility Investments [STUDENT]

Facility Investments [STUDENT] - Sport Facility Management...

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Unformatted text preview: Sport Facility Management Sport Facility Management Sport Finance SPM­4515 Facility Construction Facility Construction Infrastructure Subsidies Operating Subsidies Facility Costs Facility Costs Name some of the Ancillary costs associated with facility construction? Facility Funding Facility Funding Gestation Era (1961­1969) Public Subsidy Era (1970­1984) Facility Funding Continued Facility Funding Transitional Era (1985­1994) Deficit Reduction Act (1984) Tax Reform Act (1986) Facility Funding Continued Facility Funding Public / Private Partnerships “Fully Loaded” Era (1995­2003) Bonds Bonds Bond General Obligation Bonds Revenue Bonds Minor League Sport Minor League Sport 95% of the 160 teams play in publicly Funded stadiums…Why? College Sport College Sport Athletic “Arms Race” Opportunity Costs Opportunity Costs What does a community potentially give up to fund stadiums? Opportunity Costs Continued Opportunity Costs Capital Investments Operational Budgets The Equity Issue The Equity Issue Who wins and who loses? Who pays and who benefits? Momentum for Sport Momentum for Sport Investment Sport Cartels Momentum for Sport Momentum for Sport Investment Continued Community power structure Momentum for Sport Momentum for Sport Investment Continued Increasing Cost Stimulus Honeymoon effect Momentum for Sport Momentum for Sport Investment Continued Competitive Balance Public Subsidy (goods) Public Subsidy Public Private Merit Spillover Effect Spillover Effect Direct Economic Impact Spillover Effect(s) Spillover Effect(s) Increased community visibility Enhanced community image Stimulation of other development Psychic income** ...
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This note was uploaded on 02/17/2012 for the course SPM 5506 taught by Professor Staff during the Fall '10 term at University of Florida.

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