If, as they say, everything is bigger in Texas, well this should fit nicely. A high school in Texas has plans to build a $62.8 million football stadium, and it’s not alone in its plans for bigger and better facilities.
The Dallas Morning News reports that the school board in McKinney, Texas, outside of Dallas, this month approved a $220 million bond proposal for the district, including the construction of a 12,000 seat, $62.8 million football stadium.
Now, McKinney isn’t the first to do this. In fact, the Katy, Texas, Independent School District has proposed a 12,000 seat facility that is expected to cost anywhere from $58 million to $61 million. And the Allen Independent School District, just 10 miles from McKinney, opened an 18,000 seat, $60 million stadium in 2012. For its opening game, the home team had 22,000 fans show up.
“I think McKinney needs it,” said Tim Carroll, director of public information for the Allen school district. Carroll says a lar...
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Financing Sport Tourism & Recreation Assets, Part II
Best Practices Webinar
Wednesday, May 25, 2016
2:00 p.m. - 3:00 p.m. ET
Presented by Don Schumacher
Join NASC Executive Director, Don Schumacher, CSEE as he presents a follow up to the Financing Sport Tourism session that was presented in Grand Rapids, MI during the 24th NASC Symposium.
During this webinar, Don will discuss proven methods, critical elements, and insight to demystify the financing process for new sports venues. This is a webinar for those with an interest in new project development and those desiring to broaden their knowledge related to project finance.
There will be time at the end of the webinar for questions. If you are unable to join us on the 25th, you can download the recording from the webinar archives page on www.SportsCommissions.org.
NASC Economic Impact Calculator
Best Practices Webinar
For Indianapolis, a city known for its upcoming Indianapolis 500, often referred to as “The Greatest Spectacle in Racing,” it may have seemed a bit out of context when Indianapolis Mayor Greg Ballard talked in 2013 about having cricket as a viable sport for Indy. But out of that talk grew a nearly $6 million project to create a complex that would hold the event on the city's far east side.
Out of that came the Indianapolis World Sports Park, a 40-acre former city park that turned into an international sports complex capable of holding local, regional, national and international cricket, rugby, lacrosse and hurling events.
So, the logical question might be—why cricket? At the time of the original announcement, Mayor Ballard said the city was confident developments like these will help Indianapolis attract businesses from India and other parts of the globe where these sports are popular.
“This is our commitment to international sports,” he sai...