Growth of entertainment in the United States during the 1980’s and 1990’s was dramatic. The four major professional sports - football, baseball, basketball and hockey - saw growth occur largely through league expansion. That expansion has
encompassed increased audiences, both live and televised. Further development of sports as highly commercial businesses, will be characterized by team/building control of new and increased profit centers.
The demand for maximizing profits has fostered the creation of new facilities and venues across the country. Commercial facilities for professional and collegiate sports activities have become increasingly theme and character driven. Combining them with entertainment visitation and commercial development has become a cornerstone of SFMG’s success.
There has been increasingly strong recognition within communities nationwide of the economic benefits that a successful sports or entertainment enterprise can produce.
Despite the unprecedented prosperity of the United States during the 1990’s, the ability of local governments to pay the constantly rising bill for arena and stadium construction became more limited or nonexistent. Since the beginning of the current economic slowdown and the events of 9/11, it has become more critical than ever to properly examine the “government pays” issue. The familiarity of SFMG with state-of-the-art financing, government budgetary burdens and economic market-reality enables SFMG to place our clients’ developments in the very best possible structure so that their communities participate in the continuing growth of professional sports and entertainment.
All communities find it imperative to use their very best efforts to capitalize on the potential economic gains for all their constituencies. Local communities often find that professional sports economic opportunities are once in a lifetime.
Industry growth demands financial and marketing expertise, coupled with strong, savvy, and sensible management. SFMG is uniquely positioned to meet these vital requirements. A key element of SFMG’s success is our ability to bring Wall Street strength to communities of all sizes and treasuries throughout the nation.
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