Monthly updates on the development of sports venues and mixed-use districts, brought to you by Brailsford & Dunlavey.

Vol. 4, Issue 2

September 2024

Wake Forest unveils plans for mixed-use district

Last week, Wake Forest University in Winston-Salem, NC unveiled plans for "The Grounds" on a 100-acre swath of underutilized land around three of the school's sports venues that it plans to transform into a vibrant, mixed-use neighborhood. This transformational district, which began with a strategic planning, real estate analysis and competitive procurement effort led by B&D and Cushman & Wakefield, is consistent with growing national interest in mixed-use district development on college campuses anchored by existing and new sports venues, including stadiums and arenas. B&D's role as development advisor continues through the negotiations and development phase of the initiative. Click "Read more" below for the full story.

PROJECT SPOTLIGHT

INDUSTRY INSIGHT

Private equity investment in the NFL: a catalyst for stadium enhancements?

by David Almany, Venues Practice Group

The NFL recently approved, for the first time, the use of private equity investment as a component of the ownership structure of its teams. Among other ramifications, this decision could dramatically reshape the landscape of stadium development and fan experiences. The move opens the door to increased financial flexibility and capital flow, paving the way for a potential boom in stadium enhancements and new construction across the league. Click "Read more" below to learn four key areas that are the likely focus of potential stadium upgrades.

INDUSTRY RECOGNITION

Sports Business Journal names B&D a "power player"

Publication highlights B&D's work in mixed-use developments

"A call to Brailsford & Dunlavey is one of the first moves made by a sports property or university athletic department interested in advancing a mixed-use project," according to the Aug. 6 Power Players issue of Sports Business Journal. To learn more about B&D's work with mixed-use districts, check out our P3 Resource Center.

P3 Resource Center

P3 Awards names B&D "Technical Advisor of the Year" finalist

It's almost time! We have more month to go before P3 Bulletin announces the winner of the P3 Technical Advisor of the Year. As a finalist for the second year in a row, B&D is again in the running for excellence and innovation in the public-private partnership (P3) model. Stay tuned for the announcement of the winners during the awards ceremony in October.

RFQ NEWS

NJ county seeks tenants for new sports venue

Middlesex County, NJ recently announced its search for sports tenants to occupy its soon-to-be-built, state-of-the-art 6,500-capacity sports and entertainment venue. This new facility is part of a broader initiative to enhance the county’s economic development and serve as a hub for community engagement, cultural events, and sporting competitions. Click "Read more" below to learn about the search for tenants.

CONTACT US

Go to venues.bdconnect.com to learn more about Brailsford & Dunlavey's Venues Practice Group. Interested in speaking to us about a sports venue or mixed-use project? Contact David Almany today.

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