EXCELSIOR CAPITAL PRESENTS

Collaboration and Infrastructure within the Sports & Entertainment Industry

John Loar is responsible for all day-to-day business operations of MCB. He has 30 years of experience in the real estate development, sports and entertainment fields.
collaboration-and-infrastructure-within-the-sports-and-entertainement-industry

Podcast: Collaboration and Infrastructure within the Sports & Entertainment Industry

John Loar is responsible for all day-to-day business operations of MCB. He has 30 years of experience in the real estate development, sports and entertainment fields. He led the acquisition efforts on behalf of investment groups for two Major League Baseball franchises and executed both the acquisition and sale of the Seattle Seahawks. Loar served as Vice President of Blackhawk Corporation, one of the country’s largest residential and commercial real estate developers.

Key Highlights

[00:01 – 12:21] Developing Spaces for the Glory of Sports

  • John Loar is the managing director at Music City Baseball, responsible for all the day-to-day business operations at the company.
  • Nashville is a good location for a sports and entertainment complex because it has a high demand for tourist attractions and its economy is growing.
  • It is possible to have a variety of opportunities to participate in sports, and you want to look at a covered condition facility where you can accommodate that.

[12:20 – 31:44] Collaboration for Adding Value is the Key

  • John talks about how his team is considering partnering with a historically black college or university in the area.
  • MLB is trying to find ways to keep the fans engaged, especially younger ones, and they believe in creating a fan experience rather than just relying on game length or broadcast timing.
  • However, there are still some challenges that new ballpark developments face, such as real estate issues and the potential for relocation. MLB is working to address these challenges.

[31:45 – 33:16] Closing Segment

  • The conversation spurred questions from 25-year-old sports fans, so the population is engaged.

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