Plan b sports management professional#

Due to the Metrodome lacking many desirable features, the Vikings began seeking the construction of a new stadium that would position the team and the Twin Cities of Minneapolis/St. Bank Stadium home in 2016, the Vikings played at the Metrodome in downtown Minneapolis for over 30 years. However, acquiring public financial assistance is not straightforward, but rather a scrutinized and complex process requiring appropriate economic and social justification.

Plan b sports management professional#

Therefore, combining the private financing of a professional sport stadium with a public subsidization has become a prominent and debatably essential practice. Given this colossal cost, it has become difficult for private investments to finance an entire stadium alone. As sport stadiums seemingly incorporate more luxurious amenities each year, it is not uncommon to see the price tag for a professional stadium to surpass a billion dollars. To provide an in-depth illustration into this process, a case study narrative of the Minnesota VikingsвЂ™ journey to receiving a public subsidization totaling $498 million for the construction of the U.S.

This study aims to address the common considerations concerning publicly subsidized sport stadiums.