Friday, February 1, 2019

8A – Solving The Problem

Please provide enough detail regarding your (1) selected opportunity and (2) product/service so that we can fully understand what you intend to sell to your customers and so that we can provide sufficient feedback to you.

1. The previous opportunity that I have selected to analyze is about the exemption of property taxes for stadiums and arenas throughout the United States.

2. The service that should be implemented is one that would quantify the amount of property tax a stadium or arena should pay to the city, relative to a number of factors regarding the stadium owners, notably their net worth. This service would be utilized in a way that would allow for the burden of tax to shift from everyday citizens to the wealthy team owners, while also still making it profitable and worthwhile to own the stadium. Some of the factors that would be used in the assessment of property taxes are what the venue is worth, what the sports franchise is worth, the team owner's net worth, and the overall revenue of the team, with more to probably be added at a later time.

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