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Arms Race
Competition between Sport Organizations
Best facilities, resources, revenue-generating amenities
Advantage in Marketplace
Oldest Stadium
Roman Colosseum/Flavian Amphitheater
Constructed 80 AD
Tools: cranes, concrete type material, arched design
Used: tickets, numbered gates, reserved seating
Sport Specific Stadiums
Jewel Box Era
1880-1920 60 MLB stadiums built
Ex: Wrigley (oldest National league), Fenway park (oldest MLB)
Multi-purpose stadiums
Trends in Arenas & Stadiums
Post covid outdoor space (outdoor watch parties)
Partnering with communities/business for entertainment space
Touchless technology
The new colosseum/Roma 2027
Cookie Cutter Stadiums of 1970
Three River Stadium (Pittsburgh, PA)
Riverfront Stadium (Cincinnati, OH)
Bush Memorial Stadium (St. Louis, MO)
What the Facility Triple Threat?
Time - the amount of time to complete the project
Cost - the amount of money budgeted to complete the project
Venue - the facility/space required
Initiation Phase
allows sport event organizers to define the event, set objectives, and determine the sport event's feasibility
planning phase
Options of the initiation phase are reviewed to determine the best ones.
It is very dynamic and continuous and sport event managers must remain proactive and diligent
Implementation Phase
the execution of the event plans
What's the term our text using for an event "script"
Run Sheet
Flow Diagram
a graphical representation as to how attendees will move through the event and venue
Topographical report
a survey of the land that identifies any existing buildings, site surface evaluations, and availability of electrical, sewer, water, and gas services
geotechnical report
A report of the soil conditions that dictate what materials are necessary to support the foundation for the proposed building as well as provisions for drainage of surface and runoff water that can affect the drying time of certain materials
SWOT analysis Kankakee Ice Valley Centre Arena
- S:
- W:
- O:
- T:
SWOT analysis of
Categories of Risk
- Public liability caused by negligence
- Public liability excluding negligence
- Business operations
- Property exposure
Catastrophic Risk management disaster discussed in class
Hillsborough Disaster
Capital Project
A long-term investment project that will increase the organization's assets
Equity finance
ownership interest in an organization
sale of stock, retained earnings, gifts
how facilities are financed
Debt finance or equity finance
Forms of debt finance
loans and bonds
Bonds
a debt security in which the issuer owes the bondholder a designated amount
Advantages of (municipal) bonds include
Tax exempt
lower interest rate
Shared investment with the Community
How much one owes on a facility is called
debt or liability
Budgeting approaches discussed in class
Incremental Budgeting
Zero-Based budgeting
Mega Event
The most complicated type of event to execute because it is often international in nature and requires years of planning to implement
Ex: Olympic Games, Fifa World Cup
Recurring Event
an event that happens on a regular basis; it is the easiest type of event to execute because it occurs consistently.
Ex: Friday night football games at a local high school, rivalry game, NY City Marathon
traveling event
an event that occurs on a regular basis but in various locations
Ex: NCAA Championships
Ancillary Event
an event that occurs in conjunction with another type of event
Ex: Fan Fest at Super Bowl
Community Event
a relatively small-scale event that appeals to a specific geographic region
Ex: Holiday 5k Race
Sustainability
The ability to keep in existence or maintain.
Against unnecessary wasting of resources
To protect the Nature and Humans
1. INFRASTRUCTURE AND NATURAL SITES
2. SOURCING AND RESOURCE MANAGEMENT
3. MOBILITY
4. WORKFORCE
5. CLIMATE
Sustainability Examples:
Good:
- Lake Placid New York Winter 1980 renewable energy
- Beijing Summer 2008 Water cube/Ice Cube
- Mercedes-Benz Stadium Atlanta (football & Soccer) less energy consumption than average stadiums
Bad:
- Sarajevo Winter 1984 (abandoned)
- Athens 2004 15 billion (abandoned)