It appears construction of a stadium for the to-be-named MLS team in Chester, Pa. is proceeding, though its unclear whether plans for a mixed-use complex at the site will get done due to the economy.
From the Philly Inquirer:
“Will that get built? The stadium will. But what about the other stuff?” asked Rick Eckstein, a Villanova University sociologist who studies public funding of sports stadiums.
And there’s this paragraph, which offers a “silver lining to the dark cloud” perspective from team CEO Nick Sakiewicz.
“In an odd way, he said, the economic crisis has been a help, making labor costs competitive and driving down prices of construction materials such as steel, aluminum and copper. There has been no drop in interest among fans or businesses, he said.
“Companies haven’t stopped marketing,” Sakiewicz said. “They’re just looking for better deals.”
And Major League Soccer, less well-known but also less expensive than the major American sports, is in a position to provide those deals, he said. The team offers access to two desirable demographics - upscale, suburban soccer fans, and the growing Hispanic base.
The Los Angeles Times asks “Will Oscar De La Hoya fight sell in a punchless economy?”
The answer, of course, is “we’ll see,” the Times points out that several advertisers are offering rebate coupons for the $54.95 pay-per-view event that could, if used together, reduce the cost to $4.95.
Promoters have predicted 1.5 million pay-per view buys, but recent fights suggest that’s ambitious. Last month’s fight between Kelly Pavlik and Bernard Hopkins was predicted to draw 350,000 buys but sold only 190,000.