PFL615
Registered User
http://nashvillepost.com/blogs/postsports/2014/4/29/preds_paid_attendance_rebounds_still_lags_halcyon_days
Considering the 2nd year down year, I expected far worse.http://nashvillepost.com/blogs/postsports/2014/4/29/preds_paid_attendance_rebounds_still_lags_halcyon_days
That's money that would go to city of Nasvhille if not for a sweetheart deal the Preds have with the arena.^that
Bridgestone arena is one biggest arena's in the country for musical venues. If a big act comes into town, it's almost always there.
That's money that would go to city of Nasvhille if not for a sweetheart deal the Preds have with the arena.
Money that's not going to the city of Nashville = tax payer subsidies for Predators.
If Preds aren't there, that arena is going to sell out all those events regardless.That logic has been blown to pieces so many times its kinda silly to even bring it up
By that logic, any dollar you don't hand over to the city government is a "taxpayer subsidy". Taxpayer money is going right into other people's pockets! OMG!That's money that would go to city of Nasvhille if not for a sweetheart deal the Preds have with the arena.
Money that's not going to the city of Nashville = tax payer subsidies for Predators.
Bridgestone is one of the most sought after arena venues in the US.True, in part, you still have to pay a company to manage the facility though regardless And companies like mine, don't manage facilities cheaply. It's also a paid commercial for the city of Nashville.
Bridgestone is one of the most sought after arena venues in the US.
Essentially, the city of Nashville is allowing them use it rent free, in addition allowing them to rent out and profit (don't know the exact breakdown) from renting it out on days they're not using it. Yes there are cost associated with running it, but it's one of the top grossing event arenas in the us. The money coming in is much greater.
Many cities have sweet heart arena deals. The Predator's deal is one of the sweetest. But don't fool yourself, it's a tax payer subsidy. And without it, the Predators likely aren't anywhere close to breaking even.
Most of the time Liepold had the team, he was not getting a big revenue sharing check from the NHL. That's one reason he wasn't breaking even.However, Liarpold had a pretty sweet deal and couldn't figure out how to break even.
Most of the time Liepold had the team, he was not getting a big revenue sharing check from the NHL. That's one reason he wasn't breaking even.
Also, Nashville was not as hot in 2000 and there were not as many events to book.
Credit to booking them, but right now it's not hard.
No Nashville is not a for-profit business. But they have things that bring in money. Last I checked, Bridgetsone is losing money for the city of Nashville (or barely breaking even?).
Nashville has this huge asset that could be a bringing in a ton of money for the city. A lot of that benefit is going to Predators right now and it's helping them break even.
Sorry, it just bothers me that the Predators as a business would not be even close to break even if they didn't get major help from the NHL and city of Nashville.
I'd like to see how that calculation pans out when you factor in all the money spent, ie. tax revenue, at the bars, restaurants, and hotels as a result of how busy Bridgestone is. As a result of how busy those places are, their employees earn more in extra shifts and tips. That's money they are then able to funnel right back in to the economy with their own purchasing power.
Sure, it's a subsidy. But if you think about it that's one of the main purposes of any government - use tax policy to subsidize and encourage businesses and industries that are beneficial to the community. There is also a certain cachet the city gets by being able to say it has two major professional sports teams.
Factor all of this in to the equation and I'll happily voice my approval for this "sweethart" deal all day, every day, thrice on Sunday.