There are several notable legal issues related to facility financing  proposals, team relocation, and property acquisition for new stadiums  and arenas.

There are several notable legal issues related to facility financing  proposals, team relocation, and property acquisition for new stadiums  and arenas. The purpose of this assignment is to analyze facility  financing legal issues involved in prefinancing, postfinancing, and  eminent domain.

In 1,000-1,250 words, address each facility financing issue listed below:

Don't use plagiarized sources. Get Your Custom Essay on
There are several notable legal issues related to facility financing  proposals, team relocation, and property acquisition for new stadiums  and arenas.
Just from $8 /Page 0r 300 words
Order Now

Prefinancing

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

Since  taxpayers often bear a significant bulk of the cost relative to  facility financing proposals, it has become fairly common for new  stadium proposals involving public financing to be challenged in the  courts. Groups who challenge stadium financing proposals make three  primary legal arguments. Identify and explain each of these arguments,  citing at least two specific cases.

Postfinancing

There  are additional legal challenges that arise after a stadium has been  financed and built because a team threatens to leave for another city  with a newer stadium or arena. Identify two specific examples of cities  exercising their contractual rights under the stadium or arena lease  agreements either to prevent a team from leaving or to slow its  departure.

Eminent Domain

Modern  day stadium or arena projects commonly include hotels, restaurants,  shopping malls, and other commercial developments. In these types of  projects, the privately held surrounding commercial and residential  properties are vulnerable to being taken over by the city or county.  Explain the concept of eminent domain and provide one example of a  notable eminent domain controversy.

You are required to reference at least two academic resources for this assignment.

Looking for a similar assignment? Get help from our qualified experts!

Order Now