Cities leveraging sports investment to revitalize urban districts

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Cities leveraging sports investment to revitalize urban districts

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Started 1 year ago by Walker
Latest reply from Displaced Columbusite

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Walker
The KLD / Downtown
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Cities leveraging sports investment to revitalize urban districts
February 4th, 2011
MSI Blog

Once designed as standalone venues, cities across the country are beginning to leverage investment in sports arenas and stadiums to reinvigorate entire urban districts. Integrating sports venues into the urban fabric transforms them from sporadic activity generators into economic redevelopment engines that provide a far more beneficial and wide-ranging economic impact on a daily basis. Numerous successful examples include LoDo and Coors Field in Denver, the Gas Lamp Quarter and PETCO Park in San Diego, and Penn Quarter/Chinatown and the Verizon Center in Washington, D.C. While hampered somewhat by the economy, development around the new Washington Nationals stadium on the Anacostia Waterfront has also created a revitalized mixed-use neighborhood.

READ MORE: http://msidesign.com/blog/index.php/cities-leveraging-sports-investment-to-revitalize-urban-districts

Posted 1 year ago #
lazyfish

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is that a rocket in my pocket, or is someone looking for loose change? There are plenty of cities that are undergoing urban revitalization w/o professional sports. Austin comes to mind, the research triangle. This study is more about shaking down the public to subsidize (socialism?) corporate america. The Short North has been growing even without the Arena district. Why is Nationwide sponsoring race cars and golfers but unwilling to hold to their sponsorship of their corporate development?

Posted 1 year ago #
Displaced Columbusite

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lazyfish wrote >>
is that a rocket in my pocket, or is someone looking for loose change? There are plenty of cities that are undergoing urban revitalization w/o professional sports. Austin comes to mind, the research triangle. This study is more about shaking down the public to subsidize (socialism?) corporate america. The Short North has been growing even without the Arena district. Why is Nationwide sponsoring race cars and golfers but unwilling to hold to their sponsorship of their corporate development?

Not to be argumentative, but what exactly are you getting at with Nationwide? Sponsoring nationwide events (no pun intended) as advertising dollars to attempt to attract customers outside of its home base city and "sponsoring" corporate development in the arena district aren't even in the same ballpark (again, no pun intended). I do realize some people aren't happy with the way the lease is structured with the Blue Jackets, but I don't think that qualifies as not willing "to hold to their sponsorship of their corporate development." (If that is what you were talking about.)

Nonetheless, Nationwide has done a tremendous amount of good for downtown development. I won't pretend to know the numbers, but I am guessing that Nationwide real estate division has done more redevelopment in downtown then any other developer in the state, let alone the city.

Again, don't mean to be argumentative, but I just don't get the aggravation with a corporation that tries to do as much as it can for the city. Naturally, there will be disagreements about how they do so, but one can't say its for a lack of trying.

Also, does anyone get a kick out of the fact that the stadium in Louisville is named the KFC Yum! Center?

Posted 1 year ago #
lazyfish

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I just don't think we should have to subsidize a Nationwide development. They make decisions that are best for their business, like sponsoring race cars and golfers. So now they want us to sponsor/subsidize their development. I think the bottom line looks pretty good for them, they don't need a taxpayer bailout for their business venture.

Posted 1 year ago #
misskitty
Columbus
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really has Nationwide resorted to having stories and "real" articles written to make us more comfortable and stable feeling when they try to get the tax payers to fund their sorry asses? Because that is really what it seems like. It's not my nor the tax payers issue that they may or may not fail and also not our problem that they have an inability to make money.
Hate to be negative and all but I feel like we are getting closer to this idea and I am just not a fan.

Posted 1 year ago #
Displaced Columbusite

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lazyfish wrote >>
I just don't think we should have to subsidize a Nationwide development. They make decisions that are best for their business, like sponsoring race cars and golfers. So now they want us to sponsor/subsidize their development. I think the bottom line looks pretty good for them, they don't need a taxpayer bailout for their business venture.

I would agree that we most likely don't need to subsidize any of the projects that Nationwide is working on, nor does it need a bailout (which I would not analogize to what is going on), but it would not be doing proper business if it didn't attempt to persuade the government to give them some tax dollars (every corporation in the nation does this--right or wrong).

It seems that the problem (if it is in fact a problem) isn't with Nationwide, but rather the government that decides to give it the money. This is where telling the government that you don't like your tax dollars spent in a certain way comes into play (though, as we know this likely will do very little good), not asking Nationwide not to ask for free money. Individual tax payers ask for other tax payer's money everyday too and the IRC has a plethora of ways to do it.

Posted 1 year ago #
lazyfish

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except when your CEO starts decrying government takeovers and socialism and then turns around and demands a bailout for his pet prestige project. Nationwide has a long history of welching on agreements (Columbus City Schools) and shaking down the taxpayers. Sure it is in their self interest to pursue government money, but that don't make it right or any less hypocritical. Seems a lot like what the Casino folks are trying to pull.

Posted 1 year ago #
Displaced Columbusite

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lazyfish wrote >>
except when your CEO starts decrying government takeovers and socialism and then turns around and demands a bailout for his pet prestige project. Nationwide has a long history of welching on agreements (Columbus City Schools) and shaking down the taxpayers. Sure it is in their self interest to pursue government money, but that don't make it right or any less hypocritical. Seems a lot like what the Casino folks are trying to pull.

I can't say I'm entirely familiar with the all the information, so I can't really comment on all of those statements. Again, I would agree that it is business and it may be wrong how the company goes about doing it, but the fight is with the government that continues to give it the money, not the firm--I think anyhow, but I have been wrong many times before and I will be again, maybe even now.

Posted 1 year ago #
lazyfish

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is the fight with the pusher who supplies the fix or the addict who demands it?

the hooker who walks the street or the john who gives her a ride?

the abused spouse who keeps going back or the abuser?

seems there can be some logical consistency and maybe the free market/limited government corporate types can live by their own rhetoric.

Posted 1 year ago #
Displaced Columbusite

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lazyfish wrote >>
is the fight with the pusher who supplies the fix or the addict who demands it?
the hooker who walks the street or the john who gives her a ride?
the abused spouse who keeps going back or the abuser?
seems there can be some logical consistency and maybe the free market/limited government corporate types can live by their own rhetoric.

While better men have argued the first two, I won't (seems like a losing proposition); but the third I can say without a doubt: the abuser.

Just giving you a hard time on this one :)

Posted 1 year ago #
Displaced Columbusite

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lazyfish wrote >>
is the fight with the pusher who supplies the fix or the addict who demands it?
the hooker who walks the street or the john who gives her a ride?
the abused spouse who keeps going back or the abuser?
seems there can be some logical consistency and maybe the free market/limited government corporate types can live by their own rhetoric.

Lazy -

The more I though about this, I had to respond in a different fashion. I understand your frustration; however, the more I look at the last post it makes no sense to me. You try to correlate two illegal activities (a john and the prostitute) and two more (the drug user and pusher) (I won't get into the third because I believe it was misplaced in what you were trying to say), to what is happening between the legal exchange of tax benefits to a firm, but this still does not tackle the situation or original point you were trying to make.

What Nationwide does going after tax dollars is completely legal as is the government giving it tax dollars. I have to reiterate your fight is indeed with the people's government.

If you don't want your tax dollars spent that way, that is the entity to speak out to, not as if they are both doing something illegally as you attempted to correlate in your first two examples of who is to blame (the prostitute/drug pusher examples). My two cents.

If you truly don't like it then you must also be against individual tax payers (or even small businesses) attempting the same criteria which again, the IRC is explicit in allowing--nothing illegal going on there. Unless you can point out an actual illegal procedure done by Nationwide.

Posted 1 year ago #

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