Episode
Take Me Out to the Ball Game: The Impact of Sports Venue Development
- Podcast
- The Weekly Take from CBRE
- Published
- Jun 30, 2026
- Duration seconds
- 2233
- Processing state
not_requested- Canonical source
- https://www.cbre.com/insights/the-weekly-take#overview
Actions
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Summary
Sports venues can be powerful urban growth engines. Entrepreneur Larry Botel, co-owner of the Richmond minor-league baseball team, and CBRE’s Pam Strieffler discuss how mixed-use districts anchored by these venues can transform CBD-adjacent areas. They walk through strategies for attracting outside capital, navigating rising construction costs, drawing year-round visitors, and forging public-private partnerships to create districts that propel economic activity. Sports venues can anchor mixed-use developments, driving urban revitalization. Public-private partnerships and tax incentives are essential for stadium projects. Year-round venue activation draws daily traffic, crucial for surrounding businesses and real estate. Office space is vital for mixed-use success, bringing steady economic activity. Nearby universities can fuel market growth and attract outside investment.