The Goldmine: Multi-purpose Stadiums Sustain the Local Economy

By Samuel Goldman

Stadiums have been a vital part of sports since the ancient Olympic Games. Luxury boxes and other amenities enhance the experience. Season ticket holders join waiting lists in order to become admitted into games. Major events are hosted at new venues. Tax-payers complain about the financial burden.

Multi-purpose stadiums attract civilians throughout the year. Job fairs, conventions, and concerts all take place at these venues. Cities benefit from the year-round economic impact. The venues are built to accommodate multiple tenants. Atlanta was rewarded with a Major League Soccer franchise after deciding to build a new multi-purpose stadium. Downtown Minneapolis businesses and restaurants will thrive if the Vikings Owners successfully replicate the strategy. Expansion requires a new stadium.

New standards are created consistently. Betrayal overshadows the process. Relocation ignores geographical boundaries. Lack of structure is the biggest obstacle.Baseball’s main concern is preserving its past. The sport is attached to its historical venues. Adaptation fuels sports. Replacing iconic stadiums is necessary. The current stadium funding model needs to be overhauled.

Tax-payers are tired of paying for stadiums. Multi-million dollar owners are capable of covering the whole bill. Both plans feature positives and negatives. I am in favor of taxing hemp products to fund the buildings. The local governments would benefit from this strategy. Fans and owners would be happy. Teams would remain in one city. The hemp plants that are purchased can be transformed into bricks. Building venues out of these bricks is Eco friendly Millions of jobs will be created by the industry.

Multi-purpose stadiums sustain the local economy.industry. Multi-purpose stadiums sustain the local economy.