Economic crisis delays Lambeau project
I wonder if we'll start seeing more press releases like the one issued Friday morning by the Green Bay Packers.
Amid a national economic freefall, the Packers have delayed a project to expand the popular atrium at Lambeau Field. According to the Milwaukee Journal Sentinel, the Packers were due to contribute $15 million of the project's $25 million price tag.
In the release, Packers president/CEO Mark Murphy noted the "current uncertain economic climate" and added:
"[W]e thought it would be wise to take a conservative fiscal approach to a project of this scope and make sure we're spending our money wisely."
Expanding a recently-renovated stadium certainly qualifies as non-essential spending. The Packers are continuing with plans to relocate and expand their practice fields, but it will be interesting to see where other teams draw this line of distinction and whether it begins to impact the on-field product.
You could write thousands of words on this topic but for now I'll refer you to a recent "Outside the Lines" piece by ESPN contributor Gare Joyce, who examined the potential effects of the crisis on sports.