One of the fastest growing markets in North America is the sporting industry. According to Forbes, the sports market in North America was worth $60.5 billion in 2014. It is expected to reach $73.5 billion by 2019. With TV rights reaching record highs, collegiate athletic departments are looking for a competitive advantage.
Although profits are at an all-time high, collegiate athletics is at a cross roads. The reality is many athletic directors are looking to save money wherever they can, because even in this time of growth many athletic departments are struggling. The problem with college athletics is the big, popular, successful schools are some of the only ones turning a profit. This leaves the smaller, lesser-known schools fighting an uphill battle, which they just can’t win.
(Via Washington Post)
This Washington Post graphic shows that over 50 percent of Power-5* teams are operating at a loss, which raises the question, where can athletic directors save money?
While many college sports teams that are located in warmer climates can practice year-round without even a threat of inclement weather, the reality is different for a plethora of northern schools scattered in snow-bearing areas. To be able to be profitable, Northern schools have to invest in a indoor practice facility. Well my thought is, why don’t colleges build a versatile, reliable, cost-effective, multi-sport building where teams can practice under one roof year-round, and in turn increase profitability?
ClearSpan Fabric Structures provides the ideal atmosphere for recreational facilities of all kinds. As the industry-leading manufacturer of tension fabric buildings, ClearSpan is the natural choice for your athletic and recreational building needs. Hercules Truss Arch Buildings feature spacious interiors with no internal supports, creating an open and airy space. The superior height and clearance of these structures allows the utilization of as much space as possible, making the building usable for a variety of sports.
With abundant natural daytime lightning, the atmosphere inside a ClearSpan fabric structure is comfortable, even during strenuous physical activity. The climate-responsive quality of these buildings keeps them cooler in the summer and warmer in the winter, reducing energy consumption and keeping patrons comfortable. Sound-absorbing fabric covers and walls reduce outside noise and indoor echoing, making coaching inside the structure hassle-free.
Constructed from the highest-quality, USA-made, triple-galvanized structural steel tubing, ClearSpan buildings are durable, long lasting and corrosion resistant. These buildings have minimal foundation requirements, can be permanent or temporary and are easy to relocate. Made in the USA, they can be built to any length and up to 300’ wide, and are designed to meet local wind and snow-load requirements.
The financial landscape of college athletics is a complex one, but there are sound solutions out there. In a realm where athletic directors are looking to get their money’s worth on investments, ClearSpan fabric structures allow these leaders piece of mind when selecting indoor practice facilities.
* In college football, the Power Five conferences (or power conferences, commonly referred to as Power Seven for basketball) are athletic conferences in NCAA Division I Football Bowl Subdivision (FBS), the highest level of collegiate football in the United States.