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Originally Posted by Finger Cookin
Interesting that a meaningful "arena district" hasn't formed in SLC since the Jazz moved to town. Or maybe there has (I'm ignorant about the arena and surrounding area) and this extra dough is just to spruce it up with a new coat of paint?
Is one of the primary advantages of owning a pro sports franchise in North America the real estate play that comes from the arena operation? Seems like a trend more and more wiith new builds or with renovations.
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Hard to say if it’s more or less universal around the land itself, because a lot of towns real estate isn’t as lucrative as Vancouver or New York. But there’s an opportunity to create a buzz by opening new revenue streams, like casinos, or hotels which would be valuable in many communities to get people to go there and spend their money, rather than just going for the game and leaving. It’s about the journey going there and leaving and how to extract money from each individual.