Fields and Dreams

Andrew Zimbalist discusses economics behind new stadiums

39 seconds

"You brought the ballpark back to the center of the city so that you could put it next to the corporate base of the city. And, and have corporations come at the end of the day come to your ballpark. Buy luxury boxes; buy season seats; buy club seats; do catering at the ballpark. And if you got a richer clientele into the ballpark paying much, much more for the seats and much, much more for the catering and concession then signage becomes more valuable because corporations wanna hit that, that consumer base. So with, with this model of Camden Yards where you bring now a retro architect stadium put it downtown you, you create right away and the Orioles benefited from this, right away you create another thirty or forty million dollars in revenue that didn't exist before."