STATE OF THE INDUSTRY: WHERE WE VE BEEN, WHERE WE ARE, WHERE WE RE GOING

STATE OF THE INDUSTRY: WHERE WE VE BEEN, WHERE WE ARE, WHERE WE RE GOING

Welcome to Design and Build An Exciting Time for the Sports Facility Industry $8.05 Billion in Major League Sports Projects Currently Finishing or Underway Today we discuss State of Facility Development Introduction of the MLS to the Development Database Up to Date Database Statistics Comprehensive list of Cities on the Verge of Acquiring a Professional Team

What does HSP do? Conduct market, financial feasibility & impact studies: Stadiums/arenas Entertainment districts Hotels, convention centers Mixed-use districts

How to get our arms around this exciting industry? HSP and ALSD have teamed up to create the sports facility database HSP had been working on a massive database of all sports facilities with more than 2,000, from college to pro Teamed up with ALSD after last year s conference to begin the process of a tailored database that focuses on data that ALSD members and vendors want and need Starting with the 5 Major Leagues 127 venues Future: College and Minor Leagues

What Trends are we Seeing? 2018 New Major League Facilities by Year and League: 1999-2021 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 NBA NFL NHL MLB MLS Most Leagues had purpose-built venues by 1999 with modern amenities. Shift to renovations and new builds driven by new locations.

But Average Cost per New Venue by League Increasing 2018 $6,000,000,000 $5,000,000,000 $4,000,000,000 $3,000,000,000 $2,000,000,000 Average Cost Per Facility by Year by League: 1999-2021 Average Cost Per League (Most recent 3 facilities) NBA: $795M NFL: $2.7B NHL: $500M MLB: $785M MLS: $225M $1,000,000,000 $0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 NBA NFL NHL MLB MLS

Results in Total Spending on New Venues 2018 $7,000,000,000 $6,000,000,000 $5,000,000,000 $4,000,000,000 Total Spending on Major League Arenas & Stadiums: 1999-2021 Total amount spent per year on average ($1.5B) nearly same despite fewer venues. $3,000,000,000 $2,000,000,000 $1,000,000,000 $- 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 NBA NFL NHL MLB MLS

Are we in for a Major Uptick in New Facilities & Renovations? Major League Facilities Built by Decade 2020's, 2% 1910's, 2% 1920's, 1% 1950's, 1% 1970's, 3% 1980's, 3% 1960's, 2% 9 Renovations Announced or Begun in the Last Year 30 facilities built in 90 s and 36 built in 2000 s have not seen major renovation. 2010's, 20% 2000's, 31% 1990's, 35% 11 facilities built 1960-1989 41 facilities built in 1990s pressure building. Look for wave of rebuilding 1990 s venues by early 2020 s. 50 45 40 35 30 25 20 15 10 5 0 Facilities Built by Decade & Portion Renovated in last 10 Years 1910's 1920's 1950's 1960's 1970's 1980's 1990's 2000's 2010's 2020's Renovated Last 10 Years No Renovation Last 10 Years

Why Are the Number of New Facilities Declining? 4.5 4 3.5 3 2.5 2 4 Average Number of New Major League Venues Opened per Year 4.2 2.7 Well-located facilities have less need to move/be replaced. More value in upgrading existing facilities. Typically, only truly obsolete facilities are being replaced. 1.5 1 1 0.5 0 1990's 2000's 2010's 2020's

Coming of Age in the MLS Just like the NFL converted from multipurpose to single-purpose stadiums, MLS has been converting to soccer-only facilities since 1999. Several facilities underway. Market Analysis - MLS Attendance Exceeded 21,000 Fans Per Game in 2016 - MLS Officials are Planning to Have 28 teams total, with 26 now set. - Most recent additions include LA, Nashville, Miami and Cincinnati

MLS Facility Boom 2018 2019 2020 2021 v Audi Field to open 7/14/18 - Cost $400M v Los Angeles FC make debut at new Banc of California Stadium - Cost $350M v Toyota Stadium renovation - Cost $58M v Minnesota United FC move into new Allianz Field - Cost $200M v Expansion team in Cincinnati begin play at University of Cincinnati v Expansion team in Nashville begin play at new Nashville Stadium - Cost $275M v Expansion team in Miami to begin play v Cincinnati projects new West End Stadium to open - Cost $200M v Miami projects new Miami MLS Stadium to open 11

FACILITY DEVELOPMENT PROJECTS 2017-2021 AUDI FIELD WASHINGTON D.C. MLS Franchise: D.C. United Reported Cost: $195 million Opening Year / Season: 2018-2019

FACILITY DEVELOPMENT PROJECTS 2017-2021 TOYOTA STADIUM DALLAS, TEXAS MLS Franchise: FC Dallas Reported Cost: $58.4 million First Season in Renovated Facility: 2018-2019

FACILITY DEVELOPMENT PROJECTS 2017-2021 ALLIANZ FIELD SAINT PAUL, MINNESOTA MLS Franchise: Minnesota United FC Reported Cost: $200 million Opening Year / Season: 2019-2020

FACILITY DEVELOPMENT PROJECTS 2017-2021 NASHVILLE FAIRGROUNDS STADIUM NASHVILLE, TENNESSEE MLS Franchise: TBD Reported Cost: $275 million Opening Year / Season: 2020-2021

FACILITY DEVELOPMENT PROJECTS 2017-2021 FC CINCINNATI STADIUM CINCINNATI, OHIO MLS Franchise: FC Cincinnati Reported Cost: $200 million Opening Year / Season: 2021-2022

Recent Renovations & New Builds Four Major Leagues

NBA: Recent Renovations & New Builds v v v 2017 2018 2019 Little Caesars Arena opened - Cost $863M Wells Fargo Arena announced $250M renovation United Center renovated v Quicken Loans Arena $140M renovation v Wisconsin Sports and Entertainment center to open - Cost $524M v Verizon Center $40M renovation v Philips Arena unveil $192M renovation v Chase Center to open - Cost $1B v v Target Center $128.9M renovation Vivint Smart Home Arena $125M renovation v Spectrum Center $34M renovation

FACILITY FACILITY DEVELOPMENT PROJECTS PROJECTS 2017-2021 2017-2021 LITTLE CAESARS ARENA DETROIT, MICHIGAN NBA Franchise: Pistons NHL Franchise: Red Wings Reported Cost: $863 million Opening Year / Season: 2017-2018

FACILITY DEVELOPMENT PROJECTS 2017-2021 VIVINT SMART HOME ARENA SALT LAKE CITY, UTAH NBA Franchise: Jazz Reported Renovation Cost:$125 million First Season in Renovated Facility: 2017-2018

FACILITY DEVELOPMENT PROJECTS 2017 2017-2021 - 2021 TARGET CENTER MINNEAPOLIS, MINNESOTA NBA Franchise: Timberwolves Reported Renovation Cost:$128.9 million First Season in Renovated Facility: 2018-2019

FACILITY DEVELOPMENT PROJECTS 2017-2021 WISCONSIN SPORTS AND ENTERTAINMENT CENTER MILWAUKEE, WISCONSIN NBA Franchise: Bucks Reported Cost: $524 million Opening Year / Season: 2018-2019

FACILITY DEVELOPMENT PROJECTS 2017-2021 PHILIPS ARENA ATLANTA, GEORGIA NBA Franchise: Hawks WISCONSIN SPORTS AND ENTERTAINMENT CENTER MILWAUKEE, WISCONSIN Reported Renovation Cost:$192 million First Season in Renovated Facility: 2018-2019

FACILITY DEVELOPMENT PROJECTS 2017-2021 CHASE CENTER SAN FRANCISCO, CALIFORNIA NBA Franchise: Golden State Warriors Reported Cost: $1 billion Opening Year / Season: 2019-2020

FACILITY DEVELOPMENT PROJECTS 2017-2021 QUICKEN LOANS ARENA CLEVELAND, OHIO NBA Franchise: Cavaliers Reported Renovation Cost:$140 million First Season in Renovated Facility: 2020-2021

NFL: Recent Renovations & New Builds 2018 2020 v Mercedes-Benz Stadium Opens - Cost $1.6B v University Of Phoenix Stadium plans for $100M in renovations for Super Bowl LVII v Ford Field $100M renovation v LA Rams and LA Chargers move to new Inglewood Stadium - Cost $4.96B v Raiders relocate to Las Vegas and move into new Las Vegas Stadium - Cost $1.9B

FACILITY DEVELOPMENT PROJECTS 2017-2021 FORD FIELD DETROIT, MICHIGAN NFL Franchise: Lions Reported Renovation Cost:$100 million First Season in Renovated Facility: 2017-2018

FACILITY DEVELOPMENT PROJECTS 2017-2021 MERCEDES BENZ STADIUM ATLANTA, GEORGIA NFL Franchise: Falcons Reported Cost: $1.6 billion Opening Year / Season: 2017-2018 NFL Franchise: Falcons Reported Cost: $1.6 billion Opening Year / Season: 2017-2018

FACILITY DEVELOPMENT PROJECTS 2017-2021 LAS VEGAS STADIUM LAS VEGAS, NEVADA NFL Franchise: Raiders Reported Cost: $1.9 billion Opening Year / Season: 2020-2021

FACILITY DEVELOPMENT PROJECTS 2017-2021 INGLEWOOD STADIUM/LOS ANGELES LOS ANGELES, CALIFORNIA NFL Franchise: LA Rams / Chargers Reported Cost: $4.96 billion Opening Year / Season: 2020-2021

MLB: Recent Renovations & New Builds 2017 2018 2021 v SunTrust Park opened in Atlanta, Georgia - Cost $622M v Tropicana Field announced $85M renovation if MLS team decides to move in v Petco Park $2M renovation v Miller Park $10.3M renovation v Citizens Bank Park plan $30M renovation v Globe Life Field to open in Arlington, Texas - Cost $1B

FACILITY DEVELOPMENT PROJECTS 2017-2021 SUNTRUST PARK ATLANTA, GEORGIA MLB Franchise: Braves Reported Cost: $622 million Opening Year / Season: 2017-2018

FACILITY DEVELOPMENT PROJECTS 2017-2021 CITIZENS BANK PARK PHILADELPHIA, PENNSYLVANIA MLB Franchise: Phillies Reported Renovation Cost:$30 million First Season in Renovated Facility: 2021-2022

FACILITY DEVELOPMENT PROJECTS 2017-2021 GLOBE LIFE FIELD ARLINGTON, TEXAS MLB Franchise: Rangers Reported Cost: $1 billion Opening Year / Season: 2021-2022

NHL: Recent Renovations & New Builds 2016 2017 2018 v Scottrade Center plans $160M renovation v Little Caesars Arena opened - Cost $863M v Wells Fargo Arena announced $250M renovation v Bridgestone Arena $6M renovation v United Center renovated v Nassau Veterans Memorial Coliseum $165M renovation v Seattle announces plan to attain team

FACILITY DEVELOPMENT PROJECTS 2017-2021 SCOTTRADE CENTER ST. LOUIS, MISSOURI NHL Franchise: St. Louis Blues Reported Renovation Cost:$160 million First Season in Renovated Facility: 2016-2017

FACILITY DEVELOPMENT PROJECTS 2017-2021 NASSAU VETERAN S MEMORIAL COLISEUM UNIONDALE, NEW YORK NHL Franchise: Former Islanders Stadium Reported Renovation Cost:$160 million First Season in Renovated Facility: 2017-2018

ALSD Cities on the Verge Five Major Leagues

What Cities Can Host Their First Team? Or Another? HSP assessed the market conditions for cities and their ability to support a Major League Franchise Three Key Factors Market Power Committed, Financed Ownership Group City willing to Finance a Facility HSP Focused on Market Power Primarily TV Market Size/Wealth Growth In Population Large Companies Household Income (# of HH s over $100k) GDP Presence of Existing Major or Minor League Teams Presence of Major College Programs Las Vegas Effect: Adult Tourism Central City/Primary Draw

1. Austin 2. Louisville 3. Norfolk-Virginia Beach 4. Richmond 5. Birmingham

1. Seattle 2. Portland 3. San Diego 4. San Antonio 5. Montreal 6. Houston 7. Sacramento 8. Charlotte 9. Vancouver

1. San Antonio or Austin 2. Norfolk/Virginia Beach or Richmond 3. Portland 4. Toronto/Vancouver 5. Sacramento 6. London/Mexico City*

1. Portland 2. Montreal 3. Charlotte 4. Austin/San Antonio 5. Norfolk/Virginia Beach and Richmond

1. Seattle 2. San Diego 3. Vancouver 4. Louisville 5. Norfolk-Virginia Beach or Richmond

1. Seattle 2. Houston 3. Quebec City 4. Portland 5. San Diego

1. Phoenix 2. San Diego 3. Raleigh-Durham 4. San Antonio 5. TIE: Indianapolis; Tampa Bay/St. Pete; Charlotte

Des Moines Greenville, South Carolina Omaha Madison Grand Rapids Boise Charleston, South Carolina Northwest Arkansas

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