verizon center :: essays research papers

Building facilities like the Verizon radio argonna and other rangy sporting and special event venues can be embodyly. The cost of the Verizon Wireless Arena cost roughly $60 million dollars to compose. Many factors go into this finalized $60 million dollar adeptness, such as the cost per comforting foot, the cost per A and B space, and proceedingal be. To figure out how ofttimes money goes into the atomic number 18na, it is important to support track of how much income is generated and what forms of marketing and fundraising argon done to promote and create profit for the facility.The Verizon Wireless scope 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, basketball court, hand tools in the shop, office computers, Zambonis and the scoreboard are just some of the items off a list that is seven pages bulky in very small print. Other overhead costs allow in water, sewerage, electricity, phone service, internet access, natural gas, cable TV, staff salaries, and benefit packages. In order to upkeep all the equipment and technology the facility has daily operational costs, these include labor and materials to repair damage, upgrading of current systems, maintain capitol equipment and perform tour 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 used exclusively for the event, for example propane gases for pyro special effects, argumentation equipment the show needs that we rent locally (copiers, fax machines, etc.), labor to replace the facility from hockey to concert mode, event housekeeping, event staff (security, ushers, supervisors, tag end takers, etc.).In order to stay in business a facility must make a great amount of income to flouri sh in its industry. There are many forms of incoming profits from many sectors of the arena. The closely important form is Patron generated sales tickets, premium seat packages these packages are VIP suites, party suites and club seating. Food and Beverage help to keep the customers satisfied while being entertained by events and is a super money maker. Merchandise is sold at each event and the arena even has its own store for Monarch hockey gear and the football arena team the Wolves sell souvenirs as well.