Falling Rental Car Revenues Hit Sports Facility Deals

With tourism in a slump, the cities that host Major League Baseball’s “Cactus League” spring training teams are dealing with a continuing downturn in revenue as play begins in March. The revenue drop is not caused by attendance drop-offs, but by falling income from a 3.25 percent rental car fee that supports debt on Cactus League stadiums, according to The Bond Buyer.

Financial pressure is growing in the area of sports and tourism tax revenue, as Arizona is hoping to get an $84 million deal to keep the Chicago Cubs spring training facility in Mesa, Ariz.

Two public agencies, the Arizona Sports and Tourism Authority and the Maricopa County Stadium District, issue bonds for the league’s stadiums, with some help from cities in the Phoenix area. Two Major League Baseball teams also play their spring training games in Tucson.

Julie Schweigert, director of the stadium district, said auto rental revenue is down sharply from last year, primarily due to drops in business and convention travel.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>