verizon center :: essays research papers

Building facilities wish the Verizon Wireless arena and other large sporting and special return venues can be costly. The cost of the Verizon Wireless Arena cost approximately $60 million bucks to compose. Many factors go into this finalized $60 million dollar facility, such as the cost per square foot, the cost per A and B space, and operational costs. To figure out how much money goes into the arena, it is important to moderate track of how much income is generated and what forms of marketing and fundraising are done to promote and fashion profit for the facility.The Verizon Wireless arena has 230,000 sq. feet, which makes the cost of the facility, $260.87 per square foot. There is a vast amount of costs associated with the operation of the arena, for example The furniture, fixtures, and equipment purchases- everything from the folding chairs, tables, hoops court, hand tools in the shop, arrive atice computers, Zambonis and the scoreboard are just some of the items off a li st that is seven pages long in very subaltern print. Other overhead costs include water, sewerage, electricity, phone service, internet access, intrinsic gas, cable TV, staff salaries, and benefit packages. In order to upkeep solely the equipment and technology the facility has daily operational costs, these include fight and materials to secure damage, upgrading of cur betroth systems, maintain capitol equipment and perform pr causaative maintenance. In addition, each event within itself has its own related costs such as labor and material that are requested by the event that are use exclusively for the event, for example propane gases for pyro special effects, business equipment the show needs that we rent locally (copiers, fax machines, etc.), labor to convert the facility from hockey to contrive mode, event housekeeping, event staff (security, ushers, supervisors, ticket takers, etc.).In order to persist in business a facility must make a great amount of income to flouris h in its industry. There are galore(postnominal) forms of incoming profits from many sectors of the arena. The most important form is garter generated sales tickets, premium seat packages these packages are VIP suites, party suites and night club seating. Food and Beverage help to keep the customers satisfied while existence entertained by events and is a big money maker. Merchandise is share at each event and the arena even has its own retentivity for Monarch hockey gear and the football arena team the Wolves sell souvenirs as well.