![]() Baltimore Arena Bay 2 is 172 yards away, 3 min walk.Baltimore Arena Bay 3 is 150 yards away, 3 min walk.Baltimore Arena Bay 1 is 130 yards away, 3 min walk.Lombard St & Howard St is 119 yards away, 3 min walk.Lombard St & Howard St Wb is 74 yards away, 2 min walk.Hopkins Pl & Baltimore Arena MB Sb is 9 yards away, 1 min walk.The closest stations to Baltimore Arena (Royal Farms Arena) are: What are the closest stations to Baltimore Arena (Royal Farms Arena)?.One only needs to look at Camden Yards and M&T Bank Stadium,” Basu said. … When Baltimore has been able to supply first-class facilities, there have been incredibly good outcomes. The tax revenue could fund construction of a new arena, and bolster arguments that one is needed, he said. “Though none are sufficiently large to be competing for these acts, the more big acts the arena books, the more of our entertainment budget they get at the expense of substitutes like Rams Head Live, Pier 6, etc.,” Walters said.īasu said eliminating the ticket tax could work against the city’s best interests. He said the break would tilt the playing field gainst other city venues. “Have they studied how many concertgoers arrive from out of town? Do they know how much they spend at local hotels, restaurants, etc.?” Walters wrote in an email. The council should vet whether potential increases in hotel business will make up for the revenue lost from tax collection. Walters, an economics professor at Loyola University Maryland and a fellow at the Johns Hopkins Institute for Applied Economics, Global Health and the Study of Business Enterprise, said the proposal begs for more study. Give me a swinging chance against these goliaths.”īut Stephen J.K. “We’re fighting that big gorilla down the street called the Verizon Center. “I’m trying to get the big events,” Remesch said. He said when the Ultimate Fighting Championships were in town, the show generated an estimated $28 million in economic impact. In 2015, the venue hosted concerts by Prince, Motley Crue, the Eagles and Stevie Wonder.įrank Remesch, general manager of Royal Farms Arena, said a single major event can boost the economy in Baltimore. The arena’s 2016 schedule includes concerts by Justin Bieber, Rihanna, Garth Brooks, Luke Bryan, Janet Jackson, Maroon 5 and others. The venue, which seats 14,000, grossed more than $16.8 million on 80 concerts over one year beginning in November 2014. in gross ticket sales among venues its size, according to Billboard Magazine. Royal Farms Arena - previously known as the Civic Center, the Baltimore Arena and 1st Mariner Arena - ranks first in the U.S. “More shows bring in more hotel guests, more dinner reservations, more parking and more shopping,” he said. Young, too, cited the economic impact of large concerts. “If by reducing the tax we can get more performances by more acts, then we can make more money doing it this way,” Henry said. He said he was gathering information to determine how many more events the city would need to attract to generate enough revenue from the city’s share of arena profits to offset the tax revenue lost on ticket sales. … Why should all of the smaller clubs have to pay the tax when the arena doesn’t?”Ĭity Councilman Bill Henry said he is backing the bill because it will help the arena book the nights it doesn’t have shows, making for busier downtown restaurants and fuller hotels and parking garages, increasing overall tax revenue. ![]() Who are we missing? I think it’s another bill that puts more profit in the promoter’s pockets. “We’ve got Bruce Springsteen, Rihanna, Jay-Z, Elton John. “I don’t honestly believe we’re missing any shows at all,” Stokes said. “It doesn’t seem like the right approach, to take millions of tax revenue off the table without doing a full financial study,” Mosby said. The council will cast a final vote next week. Mosby voted against it, while Stokes abstained. Mosby and Carl Stokes - declined to vote for the deal. The two mayoral candidates on the council - Nick J. Doesn’t it make sense to make the new mayor part of the deliberations?” “I don’t think this is something that should be rushed. “I don’t think it’s a particularly good idea,” said economist Anirban Basu, who runs the Baltimore-based consulting firm Sage Policy Group. Baltimore Sun eNewspaper Home Page Close Menu ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |