Originally Posted by
MikeyinBrooklyn
Also, I think MikeG19 you are forgetting that it is irrelevant entirely what most people are willing to pay*. What matters only is what the 20,000 people in the arena are willing to pay.
The Atlanta Falcons are trying a novel approach. It will be interesting to see how it pays off for them, especially considering that the NHL has only about 10-12 games per venue per season [[including pre and post season). I would suspect that it will not work out well for them [[although I am not saying they will lose money; I just think they will make less).My reason for thinking that is this: even at NFL, MLB & NHL prices, it seems like most people are already eating and drinking quite a bit. I doubt a substantial cut in prices will lead to radically larger amounts of food and beverage being consumed, because they were already doing it at the higher prices. It should not be forgotten that attending the event itself- plus parking- is already a large expense.
*In this day and age when even many poor people have cell phones and cable television, I suspect almost everyone could pay LCA concession prices if they chose to do so, at least every now and then. Plus, they need to afford a ticket to the event in question in the first place.