Wednesday, October 15, 2008

If You Build, Will They Pay?

I recently read an article in Newsweek titled, If You Build it, Will They Pay? by Johnnie Roberts and Andrew Murr. The main point of the article is that building a new sports stadium costs a fortune building a new sports stadium costs a fortune building a new sports stadium costs a fortune now days. After building a new stadium, the franchise usually charges more for a seat to a game. For example, the Yankees' are moving into a newly built stadium next year. For the best seats in the stadium, they are going to chare a ridiculos $2,500 per game. They must be able to sell the tickets becuse New York City has alot of rich bussness men. The Dallas Cowboys will play in their new stadium next year, and to help pay for the new stadium, they are offering the right to buy a season ticket which could cost as much as $150,000, and that only gets you 8 games. The article latter talks about how the Twins are building a new stadium in hope to make a bigger profit, because they didn't sell very meany seats in the Metrodome. They are going to conduct a study to see if a new stadium helps bring in more fans.

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