Establishes the empire state sports and entertainment fund to create competitive financial incentives to attract sports and entertainment events in the state with an emphasis on economic development in upstate New York.
Impact
The bill amends the Economic Development Law by adding a new article specifically dedicated to the Empire State Sports and Entertainment Fund. It sets forth definitions and establishes an application process for businesses that wish to participate in the fund. Qualifying events must have significant audience capacity and may not already have a fixed schedule in the state. This legislative move is anticipated to enhance the state’s competitiveness and increase economic activity by attracting large events, which can stimulate tourism and generate additional revenue.
Summary
Bill S09143 establishes the Empire State Sports and Entertainment Fund aimed at creating competitive financial incentives that attract sports and entertainment events to New York. The legislative intent is to make New York venues more appealing for events that could otherwise be hosted in competing states. This fund will focus on events that are not part of regular schedules in New York and that qualify based on specific criteria outlined in the bill.
Contention
While the bill aims to boost economic development, there could be points of contention related to how funds are allocated and the criteria set for eligibility. Discussions may arise around the fairness of competitive advantages given to certain events or locations over others within the state. Moreover, measures to ensure transparency and accountability in the application and funding process will come under scrutiny, especially regarding compliance with local regulations and worker protections.
Same As
Establishes the empire state sports and entertainment fund to create competitive financial incentives to attract sports and entertainment events in the state with an emphasis on economic development in upstate New York.
Establishes the empire state sports and entertainment fund to create competitive financial incentives to attract sports and entertainment events in the state with an emphasis on economic development in upstate New York.
Includes sporting events within the definition of places of public entertainment and amusement for purposes of wrongful refusal of admission to and ejection from places of public entertainment and amusement.
Authorizes the empire state development corporation to develop a public awareness campaign promoting businesses located in New York state with an emphasis on small businesses and the need to shop in downtown local areas; requires the creation of the Buy New York Online Networking Directory to connect purchasers with businesses located in New York.
Enacts the "fair concession pricing act" to require certain entertainment and sports venues constructed or operating under public financial benefit to implement fan-friendly concession pricing policies.
Enacts the "fair concession pricing act" to require certain entertainment and sports venues constructed or operating under public financial benefit to implement fan-friendly concession pricing policies.