Re:Evaluating State and Local Business Tax Incentives [pdf]
by mlyle on Tuesday January 07, 2020 @02:21PM
(#21983595)
> However, the report failed to account for "micro" details that can have a major impact on local business, like traffic congestion, entertainment capacity, etc. On game days, his restaurant is overcrowded and turning away patrons, which negatively impacts his staff and quality of experience. But there are only 15 or so games per year, and the off-season attractions are hit-or-miss in terms of attendance. And when nothing is going on, business is even more varied.
It all depends on the project. Lots of sports arenas are put near business districts that generate a lot of restaurant traffic during weekday lunch but less on the weekends and evenings.
In turn, a sporting arena can fill in those times, both with the big games and with other events.
> But there are only 15 or so games per year
I think you're talking about football, where you can expect 8 games per year at home plus some pre-season, possibly post-season, exhibition, etc. This is unusual, though-- baseball plays 81 games per year at home, basketball plays 41, hockey plays 41, soccer plays 17-- plus preseason, postseason, and exhibition.
It all depends on the project. Lots of sports arenas are put near business districts that generate a lot of restaurant traffic during weekday lunch but less on the weekends and evenings.
In turn, a sporting arena can fill in those times, both with the big games and with other events.
> But there are only 15 or so games per year
I think you're talking about football, where you can expect 8 games per year at home plus some pre-season, possibly post-season, exhibition, etc. This is unusual, though-- baseball plays 81 games per year at home, basketball plays 41, hockey plays 41, soccer plays 17-- plus preseason, postseason, and exhibition.