Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

One of the major questions that comes around when a city wants to build a new stadium is — how much will the taxpayers have to pay?

0
Posted

One of the major questions that comes around when a city wants to build a new stadium is — how much will the taxpayers have to pay?

0

In the case of the debate between renovation of 60-year-old Rosenblatt Stadium and the proposed building of a new stadium near the Qwest Center in downtown Omaha as a future site of the College World Series, the answer seems to be — about the same. According to a financial analys by Barrett Sports Group, a leading feasibility expert in the sports industry, public funding for renovation of Rosenblatt Stadium is about $200 thousand less than public funding that would be required for a new stadium. And when it comes to projects costing millions of dollars, $200 thousand is small potatoes. Although there is a significant difference (over $55 million) in the proposed cost of the two projects, the big difference is the amount of outside funding that is projected for both sites. In that area, the new stadium is clearly ahead of the game. According to a comparison of the two projects, funding from private contributions and stadium revenue sources is almost four times as high for the new stadi

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123