The Benefits and Challenges of Developing Sports and Entertainment Districts

“Professional sports franchises bring prestige, community involvement and, importantly, significant and diverse sources of revenue to cities and their inhabitants.

An ever-growing roster of cities and private investors are partnering to attain this cultural pinnacle by developing mixed-use sports and entertainment districts. These districts are planned urban areas that integrate multiple types of real estate uses, such as residential buildings, retail stores, restaurants, hotels and office space, all surrounding the crown jewel of a professional sports venue. The districts are designed to generate economic activity well beyond the sporting events themselves by fostering vibrant, walkable communities that attract visitors, businesses and residents year-round. These modern developments are not only reshaping how fans engage with their teams but also transforming urban real estate strategies.”

To read the full article as published by NAIOP.org, click here.