TOWARDS A PRO-ACTIVE SPORTS STADIUM INFRASTRUCTURE IN NIGERIA Paper BY CHUKWUEMEKA EJIKE | Page 15

CONCLUSION Building a sports stadium can increase aggregate demand of the economy, creating new jobs, thus increasing employment based on the multiplier effect. In the long run, this will lead to economic development. Building a stadium also increases competition thereby opening new business opportunities. Therefore there would be an increase in investment, which also helps increase the total income of the country or city. https://tinired.ml>1698213-benefits-of-buildinganewstadium. The stadium would lead to an increase in transportation revenue, of air, rail, land and sea transport systems. It would increase the import and export network, because people would want to come to your city and watch sporting and other events (tourism). Stadia have a role in helping to create vibrant image for a town or city as that could be used as part of tourism infrastructure. Many cities are clamoring for new stadia and sports arenas because of their potentials as ‘flagships’ in urban regeneration and in the development of entertainment districts. In addition, the primary goal of any modern stadium is, of course, to provide a safe suitable environment for top-quality entertainment. However, commercial realities dictate that they also need to maximize the time and money that spectators and visitors spend during their visits. The design of the venue has been made to facilitate this. Maximizing the ‘commercialization’ of a stadium requires an imaginative and energetic approach, specialist advice, solid market research and a clever marketing strategy. Stadium operators have become increasingly creative in their efforts to identify additional income streams by capitalizing on the needs of the local community and the broader market. (Football in Neo-liberal times, a Marxist perspective on the European Football industry by Peter Kennedy and David Kennedy 2016.) Commercial initiatives may include: • Extending use of the stadium to non-match days, for example, by providing facilities and activities for the local community throughout the week. • Identifying other events that can be staged at the stadium: social, religious and political events such as concerts, festivals crusades and party rallies. • Providing bars, restaurants and other amenities that encourage spectators to spend