Developers of sports arenas seeking to win over local officials should stick to a few core strategies when presenting their stadium proposals. Land Use attorney David Preiss says cost protection and revenue stream are two key areas to pay particular attention to.
"The new mantra became no public monies," said Mr. Preiss regarding a gradual shift away from public financing for such projects. "A lot of the focus has been to try and avoid, as a major sales point, general revenue bonds and other things where … developing and financing new stadiums falls on the taxpayer. That has been a pretty common theme."
READ: 5 Tips For Winning Over Local Officials In Arena Proposals (subscription may be required)
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