The Business of Sports

Beginning of article

As we all know, professional sports are BIG business. So are some amateur sports, particularly college football and basketball. However, this Special Edition of Real Estate Issues is devoted to the impact of professional sports on a city's economic and social life, especially as it relates to the construction of new stadiums and sports arenas. The decision to construct or not to construct a new sports facility can involve the expenditure of huge amounts of capital, often our tax dollars. Many CREs (Counselors of Real Estate) have worked with cities and private entities to analyze the economic, financial and social aspects of professional sports and the new facilities which often are …