A's Settle 10-Year Lease Extension With Oakland Bank Of America Stadium Expands Hosting Options LSU To Make $14M Off Tiger Stadium Expansion MLS Facility Notes Red Wings To Market New Venue At Comerica Broward County Hopes To Land MLS Stadium Cubs To Open Jack Daniel's Patio At Wrigley Falcons Release Video Touting New Stadium Facility Notes Plans Unveiled For Red Wings' Arena, District
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SBD/Issue 87/Facilities & Venues
Target Field Menu To Feature Food Options Unique To Minnesota
Published January 19, 2010
|Food, Drink At Target Field Will Specifically
Cater To Minnesota Public's Taste
FINANCIAL RAMIFICATIONS: Twins Sports Inc. President Jerry Bell said Target Field's ability to return the public money put into it with taxes and/or economic benefits "depends on the economy." Bell: "Does the real estate value around the ballpark go up and if it goes up, does it contribute to construction and further development and what kind of real estate taxes does that produce? If all of those things come together over a long period of time, maybe. It’s hard to say." When asked if publicly-funded ballparks "make sense on the economic argument alone, meaning that they create new taxes and jobs," Bell said, "It depends on your alternative for investment. My view is that is does have an economic impact in a targeted sense. It benefits this neighborhood. Does that make a ripple effect in the state economy? Probably not." But Bell added, "Ten years from now, maybe less, no one will know what this ballpark cost and they won’t care. They’ll either like it and they’ll enjoy coming here or they won’t, and they’ll judge it on that." Meanwhile, Bell said the "private side will have to increase some" in building future ballparks due to the economy. Bell: "I don't know what the right amount is and it depends" (WSJ.com, 1/15).