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Fiscal Impact of Suntrust Park and the Battery Atlanta on Cobb County
Fiscal Impact of SunTrust Park and The Battery Atlanta on Cobb County Prepared on behalf of: Copyright © 2018 All Rights Reserved Georgia Tech Research Corporation Atlanta, GA 30332 September 2018 Introduction Historically, professional sports stadiums were privately owned by the sports teams that played within them. Early exceptions to this were the Los Angeles Coliseum, Chicago’s Soldier Field, and Cleveland’s Municipal Stadium. However, all three of these facilities were built with the intention of attracting the Olympic Games.1 And then, in 1953, the Braves changed the paradigm when they re-located from Boston to Milwaukee to play in Milwaukee County Stadium which was built entirely with public funds.2 That move began the new modern era of publicly funded stadiums. Since 1953, hundreds of new sports facilities have been built across the country using billions of dollars of taxpayer money. Strategies used to justify these expenditures tend to fall into two categories – tangible economic benefits to the community and/or intangible social benefits including publicity, community self-esteem or improved “quality of life.”3 In fact, when employed by a local government, the author of this report – as many others have done before and since − used similar justifications around a new sports stadium in Gwinnett County.4 However, years of academic research into the subject suggests that the economic impact that accrues to a community solely from a new stadium – measured in terms of jobs and income − are usually inadequate to justify the public investment.5 Further, public financial benefits including new revenues from taxes and/or other fees rarely offset the public cost of the facility. -
James.Qxp March Apri
COBB COUNTY A BUSTLING MARCH/APRIL 2017 PAGE 26 AN INSIDE VIEW INTO GEORGIA’S NEWS, POLITICS & CULTURE THE 2017 MOST INFLUENTIAL GEORGIA LOTTERY CORP. CEO ISSUE DEBBIE ALFORD COLUMNS BY KADE CULLEFER KAREN BREMER MAC McGREW CINDY MORLEY GARY REESE DANA RICKMAN LARRY WALKER The hallmark of the GWCCA Campus is CONNEE CTIVITY DEPARTMENTS Publisher’s Message 4 Floating Boats 6 FEATURES James’ 2017 Most Influential 8 JAMES 18 Saluting the James 2016 “Influentials” P.O. BOX 724787 ATLANTA, GEORGIA 31139 24 678 • 460 • 5410 Georgian of the Year, Debbie Alford Building A Proposed Contiguous Exhibition Facilityc Development on the Rise in Cobb County 26 PUBLISHED BY by Cindy Morley INTERNET NEWS AGENCY LLC 2017 Legislators of the Year 29 Building B CHAIRMAN MATTHEW TOWERY COLUMNS CEO & PUBLISHER PHIL KENT Future Conventtion Hotel [email protected] Language Matters: Building C How We Talk About Georgia Schools 21 CHIEF OPERATING OFFICER LOUIE HUNTER by Dr. Dana Rickman ASSOCIATE EDITOR GARY REESE ADVERTISING OPPORTUNITIES Georgia’s Legal Environment on a PATTI PEACH [email protected] Consistent Downward Trend 23 by Kade Cullefer The connections between Georggia World Congress Center venues, the hotel MARKETING DIRECTOR MELANIE DOBBINS district, and the world’world s busiest aairporirport are key differentiaferentiatorsators in Atlanta’Atlanta’s ability to [email protected] Georgia Restaurants Deliver compete for in-demand conventions and tradeshows. CIRCULATION PATRICK HICKEY [email protected] Significant Economic Impact 31 by Karen Bremer CONTRIBUTING WRITERS A fixed gateway between the exhibit halls in Buildings B & C would solidify KADE CULLEFER 33 Atlanta’s place as the world’s premier convention destination. -
Game Information
GAME INFORMATION Atlanta Braves Baseball Communications Department • Truist Park • Atlanta, GA 30339 404.522.7630 braves.com bravesmediacenter.com /braves @braves @braves ATLANTA BRAVES (68-58, 1st NL East, +5.5 GA) Braves vs. Giants 2018 2019 All-Time vs. Overall (since 1900) 3-3 5-2 952-1135-18 SAN FRANCISCO GIANTS (83-44, 1st NL West, +2.5 GB) Atlanta Era (since 1966) --- --- 338-344-1 at Atlanta 0-3 2-1 185-156-1 LH Max Fried (11-7, 3.49) vs. RH Kevin Gausman (12-5, 2.47) at Truist Park --- --- 5-5 Game No. 127 • Home Game No. 63 at Turner Field (‘97-’16) -- --- 45-29-1 at SF (since 1966) 3-0 3-1 153-188 August 27, 2021 • 7:20 p.m. • Truist Park • Atlanta, GA • BSSO at Oracle Park (‘00) --- --- 30-36 Dansby Swanson TONIGHT'S GAME: The Braves and Giants open FRIED LAST START: LHP Max Fried last started SS Dansby Swanson gave Atlanta a 2-0 lead up a three-game set tonight with the first of six games on August 20 at Baltimore and pitched the first shutout in the first inning Tuesday night, lining his between the clubs this season...Atlanta will travel to San of his career, holding the Orioles to just four hits on the 30th double into left-center field. Francisco for three games, September 17-19, to kick off night while striking out four...He completed the game He is the only primary shortstop in baseball the Braves' final road trip of the season. -
The Impact of Retro Stadiums on Major League Baseball Franchises
ABSTRACT MENEFEE, WILLIAM CHADWICK. The Impact of Retro Stadiums on Major League Baseball Franchises. (Under the direction of Dr. Judy Peel). The purpose of this study was to examine the effects of “retro” stadiums on professional baseball franchises. Retro stadiums, baseball-exclusive facilities modeled on classic architectural designs of the past, were built at an increasing rate beginning in 1992 with Baltimore’s Camden Yards. This study analyzed changes in franchises’ attendance, winning percentage, revenue and team value in the seasons following a team’s relocation to a retro stadium. Retro stadiums were found to positively increase attendance, revenue and team value for franchises at a higher rate than teams that did not build retro stadiums. An analysis of these variables and a discussion of the results for all individual franchises that constructed retro stadiums during the 1992-2004 period are presented in this study. THE IMPACT OF RETRO STADIUMS ON MAJOR LEAGUE BASEBALL FRANCHISES By WILLIAM CHADWICK MENEFEE A thesis submitted to the Graduate Faculty of North Carolina State University in partial fulfillment of the requirements for the degree of Master of Science PARKS, RECREATION AND TOURISM MANAGEMENT Raleigh 2005 APPROVED BY: _______________________ _______________________ _______________________ Chair of Advisory Committee ABOUT THE AUTHOR William Chadwick Menefee was born in Harrisburg, Pennsylvania, and raised in Houston, Texas. He received his undergraduate degree in Business at Wake Forest University, and completed his graduate degree in Parks, Recreation, and Tourism Management with a concentration in Sport Management. He has been employed with the New Jersey Red Dogs of the Arena Football League, James Madison University, San Diego State University, and Lowe’s Motor Speedway. -
The Paradox of Championships “Be Careful, Sports Fans, What You
The Paradox of Championships “Be Careful, Sports Fans, What You Wish For” Robert A. Baade Victor A. Matheson James D. Vail Professor of Economics Department of Economics Lake Forest College Fernald House Lake Forest, IL Williams College Phone: 847-735-5136 Williamstown, MA 01267 Fax: 847-735-6193 Phone: 413-597-2144 E-mail: [email protected] Fax: 413-597-4045 E-mail: [email protected] ABTRACT: This paper examines issues related to the economic impact of sports championships on the local economy of host cities. While boosters frequently claim a large positive effect of such championships, a closer examination leads to the conclusion that the impact is likely much smaller than touted and may even be negative. Key Words: Mega-event, sports, sporting events, impact analysis JEL Classification Codes: L83 - Sports; Gambling; Recreation; Tourism; R53 - Public Facility Location Analysis; Public Investment and Capital Stock 1 INTRODUCTION Economics has frequently been used as a rationale in defense of public subsidies for professional sports. Subsidy advocates argue that new teams and/or stadiums provide an economic stimulus, and public support for professional sports should be construed as an investment rather than expenditure. This proposition is thought to be particularly true when the public subventions for sport produce championship teams. Two issues need to be analyzed in conjunction with this thesis. First, do greater subsidies translate into more frequent championships? Second, do sports championships correspond to higher levels of economic activity? The purpose of this report is to provide answers to these questions. A direct correlation between subsidies and championships has theoretical appeal. -
Why Are the Braves Moving? • the Braves' Lease at Turner Field, Which Is
Why are the Braves moving? • The Braves’ lease at Turner Field, which is owned by the City of Atlanta and the Atlanta- Fulton County Recreation Authority, ends at the conclusion of 2016. The Braves have decided to not extend the lease beyond its expiration. • Since the facility opened in 1997, the Braves have invested nearly $125 million in Turner Field. • The facility needs $150 million in infrastructure work (replacing the seats, repairing and upgrading lighting, etc.), none of which would significantly enhance the fan experience. If the Braves were to pay for additional projects focused on improving the fan experience, the additional costs could exceed $200 million. • Even with a significant capital investment in Turner Field, there are several issues that cannot be overcome – lack of consistent mass transit to the facility, lack of adequate parking and lack of access to major roadways. • The Braves also do not have control over the development of the area surrounding Turner Field. New Facility Information: • The Atlanta Braves have secured property to build a world-class Major League Baseball stadium and integrated mixed-use development on 60 acres at the northwest intersection of I-75 and I-285. • The property has an Atlanta address and is located in Cobb County with easy access to I- 75, I-285, U.S. 41/Cobb Parkway and a variety of other transportation options. • The new stadium will be located near the geographic center of the Braves’ fan base. • The stadium will occupy a portion of the site, with the balance being used for parking, a mixed-use development and green space. -
Atlanta Braves, Operating Agreement, March 16, 1993
LEASE SUMMARY BASICS TEAM: Atlanta BRAVES Team Owner: Liberty Media Team Website: http://atlanta.braves.mlb.com/index.jsp?c_id=atl FACILITY: Turner Field Facility Website: http://mlb.com/atl/ballpark/ Year Built: 1997 Ownership: Atlanta-Fulton County Recreation Authority TYPE OF FINANCING: The original stadium was built for the 1996 Summer Olympics and cost $232 million. After the games, it was converted into a 50,000-seat baseball stadium for the Braves. The Braves paid for the conversion. Appendix 1, Sports Facility Reports, Vol. 12, https://law.marquette.edu/assets/sports-law/pdf/sports-facility-reports/v12-mlb-2011.pdf. TITLE OF AGREEMENT: Operating Agreement Between the City of Atlanta and Fulton County Recreation Authority and Atlanta National League Baseball Club, Inc. TERM OF AGREEMENT: The term began with the opening of the 1997 National League Season and lasts until December 31 following the conclusion of the 20th Major League Baseball Season thereafter. The team holds four successive five-year options. –Article 6, pgs. 18-20 PAYMENTS/EXPENSES RENT: No rent requirement; the Team is expected to pay an operator’s fee and remit payments to the capital fund. The Team also pays a community fee based on parking revenues: Article 12.8— “During the Term, as a Community Fee, the Team shall pay to the Authority . a sum equal to 8.25% of the gross revenues. [T]he Community Fee shall be made in two parts: the first part being based upon revenues received prior to July 1 . , and the second part being based upon revenues received during the remainder of such Major League Baseball Season.” –pg. -
Meeting & Event
MEETING & EVENT GUIDE OmniHotels.com/BatteryAtlanta A DESTINATION WHERE YOU CAN PLAY, WORK AND STAY. The brand new Omni Hotel at The Battery Atlanta infuses Southern charm with classic luxury. True to the fashion of Omni, this sophisticated property captures the local flavor and spirit of the city, making it the ideal location to hold your next event. ABOUT OMNI HOTEL AT THE BATTERY ATLANTA AN EVENT TO REMEMBER PROGRESS IN MOTION Adjacent to SunTrust Park and official hotel of the Omni Hotel at The Battery Atlanta serves as the Atlanta Braves, the Omni Hotel at The Battery Atlanta anchor at the southern end of The Battery Atlanta, features 264 guest rooms, including 28 upgraded room a development featuring over 400,000 square feet types, and flexible meeting space to accommodate any of mixed-use space. Along with SunTrust Park, the sized gathering. development features restaurants, retail space, entertainment venues, residences and more. A PERFECT FIT From a grand ballroom to intimate spaces, Omni Hotel at NEVER STAY THE SAME The Battery Atlanta’s over 20,000 square feet of meeting Omni Hotel at The Battery Atlanta features an array of and event space provides endless opportunities for your amenities including a pool, fitness center, retail boutique next event. State-of-the-art technology throughout the and several unique dining experiences. property takes your gathering to the next level. Located on the plaza level, Lobby Bar serves breakfast, lunch, dinner and appetizers in addition to coffee, wine and hand-crafted cocktails. Open seasonally, 582 Waterside Lounge & Bar is located on the elevated pool deck and offers unparalleled views of The Battery Atlanta. -
2017 Cobb County Annual Report Chairman
2017 Cobb County Annual Report Chairman We are truly fortunate to live in a county with so many blessings. Our motto is “Cobb County Government – Expect the Best.” But this year we kicked it up a notch and also provided the best. Whether you are a resident, a business owner, a visitor or a student, the one thing you want to know about your local government is that we are carrying out a commitment to make this a county a choice destination. A place where everyone can safely work, live, play and pursue their dreams. Our Parks, Recreation and Cultural Affairs department plays an important role providing a high quality of life for families and individuals. In 2017, we gained more green-space and park land. The Board of Commissioners approved a bond funding ultimately nearly $27 million in green space. We have already purchased three parcels totaling nearly 60 acres and several more contracts have been approved and are under review. We have upgraded or are upgrading existing parks and have added Aviation Park to the parks inventory with Mabry Park coming online next year. Thanks to a grant by the Atlanta Regional Commission in December, the last uncompleted section of the West Atlanta Street Trail will be completed in 2020. The county will then be connected in the north at Town Center to the south at the Silver Comet Trail. From there you can keep riding to the Bob Callan Trail and the Chatta- hoochee. The inaugural season of the Atlanta Braves and the associated Battery Atlanta has exceeded revenue expectations in almost every category. -
Fox Sports Notes, Quotes & Anecdotes
FOX SPORTS NOTES, QUOTES & ANECDOTES Nationals Phenom Stephen Strasburg Makes FOX Sports Debut vs. Mets Rosenthal: Strasburg Might Actually Give National League A Chance To Win For A Change MLB ON FOX SPENDS JULY 4 TH WEEKEND IN OUR NATION’S CAPITAL – Being one of the most hyped pitching-prospects ever, Stephen Strasburg has, so far, lived up to it for the Nationals. On Saturday, July 3 at 4:00 PM ET, he makes his national broadcast television debut when he faces David Wright and the Mets. The No. 1 overall pick in the 2009 draft, Strasburg has been a smash posting a 2.27 ERA and an staggering 48/7 BB/K ratio. In Atlanta, NL East rivals meet as the division-leading Braves host Hanley Ramirez and the Marlins. Also, Evan Longoria and the Rays take on Joe Mauer and the Twins at Target Field. This week, the pregame show originates live from Nationals Park in Washington, DC with host Chris Rose . Once game action begins, Rose joins the game crew including Joe Buck , Kevin Millar and Ken Rosenthal as a field reporter. For instant updates throughout the week and during games from the entire MLB on FOX crew, follow us on Twitter at http://twitter.com/MLBONFOX . Fans can gain more access to exclusive FOX Sports content by logging on to www.facebook.com/foxsports and www.myspace.com/foxsports . GAME PLAY-BY-PLAY/ANALYST COV. New York Mets at Washington Nationals Joe Buck, Kevin Millar 77% & Ken Rosenthal Nationals Park – Washington, DC MARKETS INCLUDE: Albuquerque, Austin, Baltimore, Buffalo, Chicago, Cincinnati, Cleveland, Columbus, Dallas, Dayton, Denver, Detroit, Hartford, Houston, Indianapolis, Kansas City, Las Vegas, Los Angeles, Louisville, Memphis, Milwaukee, Nashville, New Orleans, New York, Norfolk, Oklahoma City, Philadelphia, Phoenix, Pittsburgh, Portland, Providence, Richmond, Sacramento, Salt Lake City, San Antonio, San Diego, San Francisco, Seattle, St. -
If You (Pay To) Build It, They Will Come: Rethinking Publicly-Financed Professional Sports Stadiums After the Atlanta Braves Deal with Cobb County
IF YOU (PAY TO) BUILD IT, THEY WILL COME: RETHINKING PUBLICLY-FINANCED PROFESSIONAL SPORTS STADIUMS AFTER THE ATLANTA BRAVES DEAL WITH COBB COUNTY Steven D. Zavodnick Jr. TABLE OF CONTENTS I. INTRODUCTION.......................................................................... 409 II. BACKGROUND .......................................................................... 411 A. THE HISTORY OF PUBLIC FUNDING FOR PROFESSIONAL SPORTS STADIUMS ........................................................ 411 B. THE ECONOMIC COSTS AND BENEFITS OF NEW STADIUMS ..................................................................... 413 C. THE BARGAINING ADVANTAGE TEAMS HAVE OVER LOCAL GOVERNMENTS .................................................. 415 III. PUBLIC FINANCE LAW ............................................................ 416 A. THE FEDERAL TAX EXEMPTION OF MUNICIPAL BONDS .... 417 B. STATE LIMITATIONS ON MUNICIPAL BORROWING ............ 419 1. Avoiding Debt Limitation Clauses Through the Use of Revenue Bonds ........................................... 420 2. Lending of Credit Doctrine .................................... 421 3. The Public Purpose Doctrine ................................. 422 4. Most Courts Have Upheld Stadium Subsidies Against State Law Challenges ............................... 422 5. The Massachusetts Approach ................................ 426 IV. THE BRAVES-COBB COUNTY STADIUM DEAL ......................... 427 A. THE TERMS OF THE AGREEMENT ..................................... 428 B. A LEAGUE OF THEIR OWN: FINANCING -
2016-Confidential-Directory-Final
PBATSdirectory_ad01a-10.qxp:PBATSdirectory_ad01a-10 1/29/10 1:44 PM Page 1 PBATSdirectory_ad01a-10.qxp:PBATSdirectory_ad01a-10 1/29/10 1:44 PM Page 1 One-stop shop for all your athletic training equipment & supplies One-stop shop forInduall your athslettryic trainingLeadingequipment & supplies Induservistryce &Leadingstaff ProseudrviceSponsor& staffof: • PBATS Proud• ProfessionalSponsor Baseball Strength of: & Conditioning Coaches Society • PBATS Please• Professional contact me—I'm Baseball ready Strength to help! & Conditioning Coaches Society Please contact me—I'm ready to help! Brian P. Ross National Accounts Manager Office: 716-807-3026 CelBril: 71an6-90P. Ros9-3289s briaNan.rotioss@panal Accottersuntson-medicaManagerl.com Office: 716-807-3026 1-800-Cell: 7155M6-909-3ED289CO 24 Hobriuarsn.roass@paDaytters• 7on-medicaDays al.cWeekom 1-800-55MEDCO 24 Hours a Day • 7 Days a Week PROFESSIONAL BASEBALL ATHLETIC TRAINERS SOCIETY P.O. Box 386 Atlanta, GA 30361 2016 COTENLEPFHOINDE DEIRNECTTORIY AL TABLE OF CONTENTS PBATS Programs . .3 Major League Baseball Directory . .4 Electronic Medical Records . .7 24 Hour Pharmacy Directory . .8 PBATS Executive Officers . .10 PBATS General Counsel . .11 American League Directory . .12 (Alphabetical) National League Directory . .40 (Alphabetical) MLB Resident Security Agents . .72 Team Physician Addresses . .74 PBATS Membership Home Addresses . .76 PBATS Alumni . .79 2 PBATS PROGRAMS EDuCATIONAL PRODuCT REvIEw CONFIDENTIAL COMMITTEE SEMINAR DIRECTORY Keith Dugger Jim Lovell Steve Donohue (Colorado Rockies)