Construction of Conseco Fieldhouse
Introduction
On July 22, 1997 construction of Conseco Fieldhouse began. That day sparked the beginning of a very important addition to the Indianapolis area. A projected $175 million dollars would be required to complete this new, highly technalogical sports arena. As time and the building would progress the costs would rise to $183 million due to unseen soil contamination clean up on the site. Even with this rise in costs the construction continued and as we will show you this state-of-the-art sports and entertainment facility is worth all the costs. “Naming rights for the Pacer’s new home belong to Conseco, Inc. Headquartered in Carmel, Ind. Conseco (NYSE:CNC) is one of America’s leading sources for insurance, investment and lending projects. Through its subsidiaries and a nationwide network of insurance agents and financial dealers, Conseco provides solutions for both wealth protection and wealth creation to more than 12 million customers.” (cfhhistory) From the outside this simple redbrick, limestone and concrete building leads to a spacious, barrel-vault roof like most traditional fieldhouses. A glass roof at the top of Conseco Fieldhouse allows a beautiful view of the city skyline from within this structure. Inside the sponsor pavilions, concessions stands and general feeling follow Indiana’s rich basketball tradition. “Combine those elements with memorabilia and this building is the world’s first fully-themed professional sports and entertainment venue” according to the building’s design firm, Ellerbe Becket Sports and Entertainment. (Cfhhistory)
Costs and Contracts
November 6, 1999 the doors opened for the first time to Pacer fans. Fans roamed the corridors and were able to see how the over-budget, 15 story high, $183 million dollar facility was going to pay off for Indianapolis. Of the $183 million the Pacers are responsible for $57 million. This comes from their pockets of team revenue. The city, through local tax, will cover $79 million. This money will be collected via the tax district, hotel-motel tax, and built in ticket tax. The Tax district is a tax that is placed on the area surrounding the Fieldhouse. Local businesses and Circle Center Mall residents will be taxed for the beneficial increase in customers in the area due to the new facility. The Hotel-Motel tax is placed on existing and new hotels in the area. This tax is added to the cost of nightly stays in the hotels that fans may be using while attending functions at Conseco Fieldhouse.
The Newport Coast structure that sits on the corner of Pacific Coast Highway and Newport Coast Dr. is one of many examples of Mediterranean-inspired architecture in Southern California. The building is clearly influenced by Roman architecture and stands out among the standard Spanish-looking villas and mission-type buildings. The structure lies near one of California's wealthiest neighborhoods, Newport Beach and acts as sort of a grand entrance to Newport Coast Dr. There are two of these structures which sit on opposite sides of Newport Coast Dr., framed by only a few palm trees and evergreens. Drivers passing along Southern California's coastline can catch a quick glimpse of these impressive buildings. The Newport Coast structure is constructed of concrete and painted a light beige. Eight thick columns support the extremely large entablature-like face of the structure. As architecture in a typically conservative Orange County, the Newport Coast structure dominates its surroundings.
Siegfried, J., & Zimbalist, A. (2000). The economics of sports facilities and their communities. The Journal of Economic Perspectives, , 95-114.
The National Basketball Association no longer holds the prominence that it once had. In the aftermath of the lockout that took away half of the 1998-99 season, the National Basketball Association finds itself looking into an uncertain future. Appearing similar to the state of the league during the mid 1980's, the NBA finds itself with a tarnished image and no icon's to build the league around. With the retirement of Michael Jordan and the number of superstars in which the league built its popularity on during the 1990's getting smaller, the National Basketball Association sits in limbo while it searches for its new identity.
The phrase “Going Down” could be taken in a poetic way or literally, and the poetic meaning can be found in the poem “Building an Outhouse” by Ronald Wallace. Many regard the outhouse is much less elegant than poetry, this is where the “going down” shows, however, the author succeed in connecting the two together, as we found out in the poem, the two actually have shared elements: the shape of that entity: for an outhouse, it requires the “shape” is in accordance with “mathematics”, for a poem, it may be the rhyme and the arrangement of words; the quality of the building process: for an outhouse, it is about the experience of the builder, for a poem, it may be about the poet’s linguistic skill; and the quality of the raw material, a good outhouse’s
Division I intercollegiate athletic departments, especially those that are home to Football Bowl Subdivision (FBS) teams, increasingly resemble front offices of professional sport organizations in regard to their mission and business operations. With huge operating budgets, state-of-the-art facilities, world-class athletes, and multinational corporate sponsors, these sport businesses strive to produce winning teams and profitable events every season. The outsourcing of marketing operations and rights is common practice in American college athletics today. According to Li and Burden (2002), more than one half of all NCAA Division I-A athletic programs have outsourced some or all of their marketing operations and rights to a growing number of nationally prominent outsourcing agencies. Among the operations commonly outsourced are the production of radio game broadcasts, production of radio call-in shows, coaches' television shows, sales of media and venue advertising, sales of "official sponsorship" rights to corporations, and production and management of Internet websites, etc. (Li & Burden, 2002).
As the game is winding down I can’t help but wonder what it must be like for some of the NBA’s top tier talent to stop and play in front of the masses. This is the closest some of these people will ever get to a real NBA game. There’s no promise of making it to a game over at the Barlcays or MSG. This is it for them. What makes this venue so appealing? It’s the in-your-face style. They get to serenade and shower the players with “oohs and aahs.” High-fiving their lantsman after a stellar dunk or killer crossover. While Spike Lee is sitting court side and shelling out thousands to see ‘Melo and company, I’m getting to see basketball how it was intended to be played.
Area political leaders, local community heads as well as owners of professional sports franchise sometimes claim that a pro sports stadium and teams are vital sources of positive economic growth in urban areas. Even though most of the stadiums and franchises supposedly donate a whole lot of money for providing new jobs, and to also provide the justification for millions of dollars ranging in the hundreds for public subsidies for the building of an assortment of new pro sports teams in the U.S. over the past ten years. Even with the outrage, some numbers crunchers have found no evidence of a positive economic impact of professional sports teams and facilities on urban economies "It's a zero-sum game," Rolnick said. "In fact, it can be a negative-sum game.”
Noll, Roger, and Zimbalist, Andrew. Sports, Jobs, and Taxes: The Economic Impact of Sports Teams and Stadiums. Brooking institutions press, Summer 1997. Vol. 15 No. 3.
Basketball Needs to Be Fixed Professional and college basketball have become very popular in the hearts and minds of many Americans. Millions of dollars a year are spent on apparel, tickets, and television, all generated by people's love for basketball. But in the last couple of years, both the National Basketball Association (NBA) and college basketball have lost a substantial amount of their competition and have received much criticism for it. At the heart of this problem is a single cause, greed. The game of basketball has become all about money, instead of the game and its fans.
The creation of the Oklahoma City Thunder has had huge economic effects on the local and state economies. According to the Oklahoma City Chamber of Commerce, each thunder home game puts $1.3 million dollars into the local economy, every season there are 41 home games, which equals around $53.3 million dollars per season. Jordan Wiley, general manager of Leon’s on Brookside, says “Thunder games have created a generous boost in sales…Thunder games held on weekends can double sales. A Thunder game held during the week can triple sales. (...
Quirk, James and Rodney D. Fort. Pay Dirt: The Business of Pro Team Sports. Princeton Press: Princeton, 1992.
Customer Information: Our consumer information was gathered through various basketball tournament venues, the ages ranging from 18 – 30 years of age both men and women. The survey consisted of: equipment use, officiating, team accomdations, how tournmanets are ran, what they would like to see added or kept, and what award that was preferred for the wining team (i.e. cash pool, t-shirts, etc). This meant out our survey populated the age range from that of young adult to that of adult within in the residence of East Central University.
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank in Atlanta, Georgia. With their store, Marcus and Blank revolutionized the do-it-yourself home improvement market in the United States. Home Depot began as a very basic store, operated in a large, no-frills warehouse. Home Depot carries over 35,000 products, with national brand names along with the Home Depot brand. At the start, Home Depot was able to offer exceptional customer service with knowledgeable employees who could guide customers through home renovation projects. Since its opening, Home Depot has experienced incredible growth, and today is North America's second largest retailer, and the largest home improvement retailer. Internationally, Home Depot has expanded into Canada, Mexico, and is beginning to operate stores in China. Home Depot's competition includes Sears, Ace Hardware and Lowes (the main competitor).
...sponsible for assisting thousands of players reach different levels of basketball that has helped build the game of basketball. This in turn has spurred an economic impact in the sense that it has led to the construction of infrastructure like stadiums and eventually other amenities like hotels, roads, and security. In addition, it generates revenue through ticket sales, and advertising. It has also helped in providing employment opportunities (Impact Basketball Camp Programs).
Bissinger states in his essay that local high schools these days are spending millions of dollars on things such as elaborate stadiums, gymnasiums and even chartered planes to transport their team to big play-off championship games. In the past, schools would sponsor fundraisers to RAISE the money for these t...