Why Land Around Sports Stadiums Is Becoming More Important To Teams
Thanks to a deal reached last month with Maricopa County, the Diamondbacks are officially allowed to look for a new home.
There are undoubtedly lots of factors the team would consider when deciding about a potential new place to play, but if some other cities are a guide, the stadium itself may not necessarily be the only big consideration. There seems to be a growing trend of teams either owning or having a stake in the development around their stadium, as an additional revenue stream.
With The Show to talk about this is Ted Ferris, a former president and CEO of the Arizona Sports and Tourism Authority who now runs Ted Ferris Consulting, which deals with public finance and stadiums, among other things.