Thursday, August 22, 2013

Economics 8/22/13~ Group Work:Trade offs in Nashville

Economic Trade offs 

Directions: In groups, complete the following chart and questions. 

Based on the information provided about the new Nashville Sounds Stadium, what is an inferred impact if this proposal passes ? (Think Trade offs. Think Immediate Satisfaction, Long Term Benefits, Entertaining, Immediate Financial Benefits, Necessary for Long-term success) 

NASHVILLE, Tenn. –  Plans are underway to build a new $40 million ballpark for the Nashville Sounds baseball team.
The new facility would replace the 36-year-old Greer Stadium where the Sounds currently play.
"Oh the Sounds, we're just very thrilled about the opportunities that Sulphur Dell presents. It's very exciting," said Sounds attorney John Triggs.
Mayor Karl Dean's office confirmed Wednesday afternoon city leaders are exploring the possibility of acquiring land from the state to build the ballpark on the old Sulphur Dell site.
The land runs from Jackson Street, to the railroad tracks, and between 3rd and 5th Avenues, just down from Jefferson Street.
Sulphur Dell once served as the home for the minor league team the Nashville Vols back in the early 1900s.  The ballpark was located north of downtown between, Fourth and Fifth Avenue near Jefferson street.
The old ballpark was torn down in 1969 and now serves as a parking lot for state workers.
In an email to NewsChannel 5 the Mayor's office wrote, " This is a first step in a process that is simply an effort to explore the possibilities of acquiring land from the state. Those conversations have been productive, and officials and staff at the state have been great to work with."
"But the biggest hurdle is for the city and state to come to an understanding, and if they can, I think everything else starts to fall in place, it becomes much easier. That's why we're sort of on hold right now, just waiting to see if they can get it done," Triggs said.
They mayor's office went on to say that a new baseball stadium needs to be a public-private partnership that makes sense for Nashville taxpayers.
Included in the ballpark plans is a $10 million dollar parking garage. The current goal is to have the park open in time for the 2015 season.
"I think the exciting thing is the opportunity for the city, the state and the Sounds to have a partnership and make this happen. That's the way it should be, and I think that's what will make it happen if it does," according to Triggs.
The mayor's office said they will share more details about the plan when they are available.
Back in 2011, a study was done comparing three possible ballpark sites around town. You can find the results of that study here.
Chart: 
For Stadium  (10 Reasons)
Against Stadium (10 Reasons)
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Questions: 
Write a one hundred word assessment if your table would vote for or against this proposal?

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