Corporate names on Sports/Public Arenas?

[paladin]

Does anyone know what benefits a local government gets for putting a corporate name on a sports/public arena?

[Kelly Antilles]

Nothing. At least nothing more than they get for having the complex/arena/collseum/field/etc there in the first place.

[RedImperator]

Does anyone know what benefits a local government gets for putting a corporate name on a sports/public arena?

If the municipality owns the building, they get the money from the naming rights, unless the deal with the team let the team keep that money. If the team owns the building, then the city gets squat.

[TrailerParkJawa]

Naming rights can result in a cash payment to the local govt if the city owns the areana. It annoyed me when the city of San Jose finished a new arena downtown and it got changed from San Jose Arena to Compaq arena. I figure if my taxes paid for it, I want to reflect my cities name and not a corporations.

[Asst. Asst. Lt. Cmdr. Smi]

I don't see any benefits. The tax money of others still goes to build the fields,and I don't thikn a big corporation shoul put their name on a stadium, unless there going to pay for the whole thing.

[Kelly Antilles]

I don't see any benefits. The tax money of others still goes to build the fields,and I don't thikn a big corporation shoul put their name on a stadium, unless there going to pay for the whole thing.

They put their name on it AFTER the thing is built. The corporation only gets a little kickback from the stadium, but mostly it's exposure having their name on the building.

[Joe]

Well, I'd much rather have big corporations build and finance sports arenas, there is no reason for the taxpayers to foot the bill for sports teams...as the good people of Charlotte, NC realized when they refused, through voting, to build another damned arena for their baskeball team.

[Kelly Antilles]

Well, I'd much rather have big corporations build and finance sports arenas, there is no reason for the taxpayers to foot the bill for sports teams...as the good people of Charlotte, NC realized when they refused, through voting, to build another damned arena for their baskeball team.

AHHHHHHHHHH, however, they are going to build the thing for the NEW team. The reason they refused before is because the city was showing George Shinn just how much they hate him.

[Joe]

Well, I'd much rather have big corporations build and finance sports arenas, there is no reason for the taxpayers to foot the bill for sports teams...as the good people of Charlotte, NC realized when they refused, through voting, to build another damned arena for their baskeball team.

AHHHHHHHHHH, however, they are going to build the thing for the NEW team. The reason they refused before is because the city was showing George Shinn just how much they hate him.

Ah well, at least they showed they had spines at least once, if not for the right reasons.

[Kelly Antilles]

Ah well, at least they showed they had spines at least once, if not for the right reasons.

True... however the owner of the new team is the guy who owns BET. Major mucho dinero there.

[irishmick79]

The corporations pay big bucks to get their names put on the stadium. For the most part, they have their headquarters or their primary business venues in the city where they buy the stadium name rights. The exposure they get probably results in increased business, and because they're usually a local (albeit huge) operation, the city benefits with the company.

Teams also spend alot of money doing communtity outreach work, and I imagine alot of the cash teams get from corps goes to charities and other community functions.