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Long but interesting read for those intrigued by back-office operations:
Empty feeling at college football stadiums after bond boom
>>After years of bond-financed stadium expansions, college football is downsizing amid waning demand for seats, experts say.
“Everyone is going smaller,” said Darin W. White, executive director of the Samford University Center for Sports Analytics in Birmingham, Alabama. “It’s definitely not smart to invest in larger stadiums because attendance across virtually all sports has been declining for the last several years. No one knows for sure when we are going to hit bottom.”<<
>>Vedder said that lesser known conferences like the Mid-American Conference that Ohio University competes in are squandering fortunes trying to keep up with the big boys like Michigan and Ohio State in the Big Ten.
“They have these wildly optimistic beliefs that if we build a new stadium it’s going to revitalize our athletic program or that we’re going to move to the next level. Well, they haven’t moved anywhere. In fact, they’re moving down,” Vedder said. “My guess is that the risk factors associated with stadium bonds is going to be moving in the negative direction,” Vedder said. “There will be a general rise in bond yield along with a perception of increased risk.”<<
Empty feeling at college football stadiums after bond boom
>>After years of bond-financed stadium expansions, college football is downsizing amid waning demand for seats, experts say.
“Everyone is going smaller,” said Darin W. White, executive director of the Samford University Center for Sports Analytics in Birmingham, Alabama. “It’s definitely not smart to invest in larger stadiums because attendance across virtually all sports has been declining for the last several years. No one knows for sure when we are going to hit bottom.”<<
>>Vedder said that lesser known conferences like the Mid-American Conference that Ohio University competes in are squandering fortunes trying to keep up with the big boys like Michigan and Ohio State in the Big Ten.
“They have these wildly optimistic beliefs that if we build a new stadium it’s going to revitalize our athletic program or that we’re going to move to the next level. Well, they haven’t moved anywhere. In fact, they’re moving down,” Vedder said. “My guess is that the risk factors associated with stadium bonds is going to be moving in the negative direction,” Vedder said. “There will be a general rise in bond yield along with a perception of increased risk.”<<