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  • It takes a lot of time and effort to create a Facility. A lot of money goes into purchasing the land, and then building the facility. Before and facility can be built you must plan the layout of it first.

Sm250css Sm250css Presentation Transcript

  • Chapters2 & 12
    Regina Salice
  • Chapter 2
    World Cup Competitions/ Olympic Games
    Help cities globalize
    2012 Summer Olympics will be held in London
  • Four Categories of Trade
    Trade Fairs & Exhibition Events
    Cultural Events
    Sports Events
    Political Summits & Conference Events
  • Benefits
    Primary
    Private & public investment partnerships
    Environmental improvements both in the built and natural environments
    Secondary
    Connectivity & infrastructure legacies
    Wider property market benefits
  • Positive Impacts From the Sports Event
    In general, what are termed “bigger” events have greater impact than their “smaller” counterparts, but not always; some niche events can have very specific but far-reaching impacts
    Not all events carry the same cost implications or risk factors, which would affect the relative importance of their wider impact
  • Positive Benefits of Hosting Global Events
    Pick the right event
    Be bold
    Get the leadership right
    Bid well with ingenuity
    Have a plan B
    Accelerate existing plans & priorities
    Integrate efforts
    Make the legacy & benefits come first
    Manage the legacy as a separate project
    Make a habit of being a host
  • Chapter 12
    “Many studies made by economist indicate taxpayers may not be getting such a great deal after all in the construction of stadiums”
    Professional sports team play in facilities heavily subsidized by local governments
    Cities generally use revenue bonds to finance their share of the cost of the stadium
    Some stadiums rent out parking, concessions and luxury boxes
    Rental payments can be set to cover all the costs associated with construction and operating municipal stadium
    “NFL Baltimore Raven pay no rent while MLB’s Chicago White Sox pay $1 a year for the use of New Comiskey Park
  • Cost & Benefits
    4 Categories
    Direct Benefits
    Indirect Benefits
    Construction Coast
    Operation Expenses
    Re-sending process- indirect benefit
  • No Matter the Method
    Subsides to sports teams seems to be much greater than the economic benefits generated to the cities
    - “out-of-town” new fans/ new spenders
  • Closing
    “Sports are popular and once the quality-of-life benefits are included in the calculus, public spending on new stadiums may be a good investment for central cities and their residents”