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Green Bay Packers Fan Forum
Packers Make Major Acquisitions
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<blockquote data-quote="El Guapo" data-source="post: 579087" data-attributes="member: 5830"><p>There is an old adage in corporate economics that if you aren't growing your dying. The Packers, just like an other organization, is looking for more ways to diversify its income portfolio. Relying merely on game revenue and merchandise sales is one thing, but having a multi-use facility could make the Packers more profitable. If they put in something like the Patriots have, then they can have more consistent revenue throughout the year, potentially host conventions, owners meetings, and who knows about the SB - but they'd have to put up a bunch of hotels. I don't know the Green Bay zoning laws at all, and maybe the Packers enjoy an exemption on property that they own, but I would expect that all of the residential lots are restricted in terms of height and use. As the gorilla in the city tax collections, I'm sure that the Packers can flex some muscle to change those zoning requirements and build just about anything they want. It means more tax revenue for the city, which they always tend to vote in favor of doing...</p></blockquote><p></p>
[QUOTE="El Guapo, post: 579087, member: 5830"] There is an old adage in corporate economics that if you aren't growing your dying. The Packers, just like an other organization, is looking for more ways to diversify its income portfolio. Relying merely on game revenue and merchandise sales is one thing, but having a multi-use facility could make the Packers more profitable. If they put in something like the Patriots have, then they can have more consistent revenue throughout the year, potentially host conventions, owners meetings, and who knows about the SB - but they'd have to put up a bunch of hotels. I don't know the Green Bay zoning laws at all, and maybe the Packers enjoy an exemption on property that they own, but I would expect that all of the residential lots are restricted in terms of height and use. As the gorilla in the city tax collections, I'm sure that the Packers can flex some muscle to change those zoning requirements and build just about anything they want. It means more tax revenue for the city, which they always tend to vote in favor of doing... [/QUOTE]
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