The nation’s leading sports business publication, Sports Business Journal, has named McCullers Group one of its Power Players in Mixed-Use Development.
The firm is one of only 24 companies to be named to the list, which includes sports properties like the NFL’s Dallas Cowboys and MLB’s Chicago Cubs along with leading developers and finance, management, and consulting firms.
The publication singled out the honorees for what it called “pushing the boundaries of mixed-use real estate development.”
“During the last decade, the sports and real estate industries have begun to interact in a sustained way for the first time,” the publication said, “resulting from (and now spurring) team and venue owners’ desires to create mixed-use developments near or next to stadiums and arenas.
“At their best, these districts become places people want to be before, during or after a game, improving and lengthening game day and generating revenue for owners that doesn’t have to be shared with fellow teams across a league. At their very best, they become neighborhoods that feel like they have always been there.
“Mixed-use has existed for decades, but it’s only during the last decade that it has shifted from a neat novelty to a must-have.
“This Power Players list shows how sports and real estate entities (and people) are adapting their businesses to pursue new opportunity. Mixed-use developments are becoming common enough that Sports Business Journal is highlighting sports and real estate entities that are either pushing the boundaries of sports-related real estate development or are ubiquitous in this increasingly important space.”
In its Power Player feature on McCullers Group, the publication credited the firm with offering, “services touching every point of a project’s potential life span, from pre-development planning to venue operations.” It also cited McCullers’ involvement in site selection for FC Cincinnati’s TQL Stadium and its work with USL club Union Omaha on its new stadium and mixed-use development project, “providing financial forecasting to the ownership group, helping secure public funding and identifying development partners.”
“Sports and entertainment-anchored mixed-use developments represent a tremendous value proposition for communities that have the vision and determination to make them happen,” said McCullers Group founder and President Mark McCullers. “We’re proud of the work we’ve done over the last 10 years creating legacy projects and long-term impact for the communities and stakeholders we serve and honored to be recognized by SBJ for those efforts.”
Read the McCullers Group feature and the complete list on the Sports Business Journal website.
