New articles have appeared on the Bizjournals.com website. One belongs to the East Bay Business Times, the other to South Florida Business Journal. The first article calls the Bay Area “saturated,” while the LA market definitely has room for more sports franchises.
It also cites the Bay Area’s total personal income as $375.5 billion, a figure much higher than the numbers I listed in the previous post. I don’t know how they arrived at this figure so I’ve lobbed a request for clarification. Even with this higher figure, there’s little room for new franchises. Over the span of three weeks in February, the Bay Area will field four sporting events unrelated to the four major leagues:
- AT&T Pebble Beach Pro-Am (PGA Tour; Yes it’s outside the Bay Area technically, but it attracts a large number of Bay Area attendees)
- SAP Open (ATP Tour; the yearly men’s tour stop in the Bay Area)
- Tour of California (UCI; new cycling event with four Bay Area stages)
- US vs. Japan (pre World Cup “friendly” at AT&T/SBC Park)
That’s a lot of sports for a month that’s traditionally considered an off-peak period.
Even more interesting is the Florida article, which concludes that the Marlins wouldn’t be automatically be destined for greener pastures if they relocated outside South Florida. The same can be assumed about the A’s and their situation in the Bay Area as well.