EQUIPMENT FINANCING FOR SPORTS AND ENTERTAINMENT VENUES AND FACILITIES

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Russ Munson

ENTERTAINMENT VENUES & FACILITIES FINANCING

ENTERTAINMENT VENUES:

Entertainment venues may include public, private and non-profit organizations such as civic centers, music and concert halls, live theater, staging and event facilities, motion picture theaters, zoos, aquariums, museums, sport halls of fame, science centers, amusement parks, city, state and county parks and playground facilities, digital signage districts and related facilities.

ENTERTAINMENT FACILITIES:

Equipment, technology and systems required in entertainment venues and facilities may include: media and projection technology, digital display networks, concession equipment and systems, sound equipment and systems, digital screen media, ticketing kiosk technology, security systems, playing surfaces such as synthetic grass or portable flooring, scoreboards and large HD displays, seating and lighting systems, computerized control, draperies or staging, special effects equipment, monitoring equipment, broadcast master control, special exhibits, fixtures and furniture, computers, servers and specialized software, and other equipment or technology related to the specific type of venue or facility.

BENEFITS OF EQUIPMENT FINANCING TO ENTERTAINMENT VENUES:

* preserves capital and cash for operations & growth and stretches budgeting dollars

* matches the timing of equipment or technology costs to the timing of revenues and cash flow

* hedges inflation by paying today's costs with current dollars and future cost with future dollars

* manage the uncertainties of a changing economic environment


HOW CUSTOMER FINANCING, ON BEHALF OF ENTERTAINMENT VENUES, HELPS VENDORS:

* Helps overcome "sticker shock" by spreading the cost over multiple budget periods 

* Provides an Operating Budget solution to a Capital Budget problem

* Presents a monthly payment vs. the competitors total price

* Presents a bundled solution; all costs in a single, budgeted, monthly payment

* Provides certainty of payment at the vendor's standard terms

* Often creates a better ROI comparison


Live concert & event venue
Theater, Music and Event Venues
Museums and Science Centers

The information provided herein and the opinions expressed within this website are expressly those of the author. As such they do not necessarily represent those of any other party, person, or organization. This website does not claim or purport to provide any type of accounting, legal or tax advise. The reader is encouraged to check with his or her accountant, CPA or lawyer for such professional advice and expertise. For more information about equipment financing, leasing or technology acquisition solutions contact Russ Munson via email at russ.munson@pnc.com  or call 800-607-9830.

Budget Stretching Solutions For Sports and Entertainment Venues