New sports arenas can have a lot of positive impact on the cities where they are being constructed. This extends beyond the impact they have on a specific sports team. Initially, there is a cost to build a new arena, but over time, it can help to bring revenue into a city. It is usually preferable and better for the city if a sports team has a new arena built, instead of possibly losing the sports team to another city.
If a city already has an arena that is outdated, it will cost money to do repairs and remodeling to the arena, or to update the facility. There are times when funds are better spent creating a new arena with all the positive benefits that can bring. If an arena is in poor shape and can no longer be used, there can be a huge impact through loss of revenue. This is especially true if the building must be vacated or taken down.
Positive Benefits Of A New Arena
Building a new arena can bring hundreds of jobs to a city, which are not only construction jobs. Permanent jobs usually result when the arena needs to hire staff for the new facility. Vendors may also hire people to sell concessions and merchandise. There may be people employed at a parking facility if one is built to accommodate those who use the arena, and new businesses can be built around the arena.
Examples of businesses that are drawn to an arena area are bars and restaurants, new offices, a practice facility if one is built, and businesses that sell team or other arena related merchandise. In addition, the arena may be used for other purposes besides the team games that take place there. Many arenas double as places to host conventions, host concerts and other public performances and in some places, arenas are also used for school graduations.
New Arenas Make Cities More Interesting
Adding a new arena to a city can make the city a more attractive place and may help to promote more tourism to the area. It can also help to increase property values of nearby homes and businesses, especially if the new arena is a beautiful, state-of-the-art facility. A new arena can be just the thing to help bolster the city’s reputation and to make it into a major league city. The revenue that can potentially be brought into a city extends beyond the single building.
People like Wes Edens of the Milwaukee Bucks, who are also team owners, seek to help turn a city into a place that is more attractive to tourists and to residents as well by bringing a new arena to the area. The new arena can quickly become a main focal point for a city’s burgeoning downtown area and an attraction for outlying areas.
Best Practice For Getting A New Arena Built
One of the best ways to get a new arena built is to get community, city and state support behind the proposition. This can be done through positive press and advertising, and by showing all the promising benefits of a new arena. Effectively presenting the positive effects a new arena will have on the community helps to get the job done.