Larry Cyrlin, Peter Dorfman, Hannah Gordon and Jerry Parisi with moderator Alan Hoffman on the finance panel Tuesday at the VenuesNow Conference. While public funding continues to become less of a factor in facility development, bank lenders and institutional investors, familiar with the successful track record of sports and entertainment venues and buoyed by a good economy, are eager to do business. “As a bank, we’re in the business of taking risks,” said Peter Dorfman, managing director of the Sports & Entertainment Specialty Group at SunTrust and a panel member Tuesday for “Capital Ideas: Private Placement in Sports and Live Entertainment Venues” at the VenuesNow Conference in New York City. Sports stadiums and arenas with tenant teams provide a variety of revenue streams that can be pledged as assets toward the financing, including premium seating and suite income, seat licenses, sponsorships, concessions, merchandise and parking, said Jerry Parisi, managing director of […]
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