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In Westfield, Indiana, the city and surrounding areas are cashing in on youth sports. This Midwest town has about 40,000 full-time residents. On most weekends, however, that population more than doubles with families traveling in from across the country to play to big time competitive sports, and they're spending big bucks during their stay.“If you count hotels, gas, food, league fees, everything, ,000 to ,000 give or take,” parent Mike Williams of Imperial, Missouri says about the annual cost of competitive sports. With that kind of money, Westfield city leaders are capitalizing on what’s known as “sports tourism."To play ball, teams come to Grand Park, a massive multi-use sports complex that the city built a few years ago by investing million, turning hundreds of acres of cornfields into dozens of soccer fields and baseball diamonds.“Prior to Grand Park being here, we were kind of city without an identity,” says Westfield city spokesperson Vicki Gardner. “But now, you go places and you say Westfield and they say, ‘Grand Park.’”Gardner tells us investing in youth sports is paying off. Since its inception a few years ago, Grand Park has had a 0 million economic impact on the surrounding area. It's a number that city leaders hope to grow.“We’ve been in business for not even three years and we see about 2.5 million visits a year and we account for 92,000 hotel stays and that’s a conservative number,” Gardner said. “When people come here, they’re blown away by what they see and that’s a challenge. So, we got to get out there and let them know, tell the story of Grand Park, tell the story of Westfield.”Bub’s Burgers is one of many nearby businesses reaping some of those financial rewards. With its sales tripling during tournament time.“It’s controlled chaos but it’s constant,” Bub’s Burgers employee Jillian Isles says. To help fill these ball players’ bellies, this burger joint has added 30 jobs. But with economic growth comes growing pains. There’s new construction by entrepreneurs who are trying to cash in on spillover from the sports complex.Locals say more visitors means more traffic, but that it also means more money. “The fact that it developed so much in the last year, two years, they needed a barbershop here,” says Eli Resendez, who opened up Barbershop 32 down the street from Grand Park a few weeks ago. Resendez says he picked this location to hopefully capture customers from the visiting teams.“Most of my clientele this morning were out-of-towners,” he says. “Because of it, I have been able to thrive here very easily.” That easy money has more cities thinking about following Westfield’s business model and hoping to hit a home run in the growing sports tourism industry. 2746
It's a tough time to get into the retail business, but figurine maker Funko thinks its toys are popular enough to make it work.The company that produces the popular toys with heads that bobble plans to open up a nearly 40,000-square-foot store in Los Angeles later this year."So many people are looking for an experience when they shop — not just buying things," Funko CEO Brian Mariotti told CNN Business in an exclusive interview. "This is retail times pop culture."Funko is known for its vinyl figures that are based on popular movie, TV and comic book characters. It also reproduces real life athletes. The company has licenses with most big studios, including Disney for its Marvel, Pixar and Star Wars characters, Warner Bros. for the DC Comics and Harry Potter franchises as well as Pokémon. (Warner Bros., like CNN, is owned by AT&T's WarnerMedia.)The LA store will be located on Hollywood Boulevard, not far from the famous TCL Chinese Theatre. It will neighbor a Shake Shack and SoulCycle — in other words, trendy. Mariotti said the company is targeting both tourists and local residents.Funko already runs a smaller retail outlet at its corporate headquarters in Everett, Washington. Mariotti said that when the company opened that store up, he thought it would be a hit with pop culture enthusiasts and Funko employees. The store wound up exceeding those expectations.Mariotti said moms with young kids are big fans. Many customers are repeat visitors, too. That proved to Funko that it might be a good idea to set up shops in cities that could attract a mix of local fans and enthusiasts willing to travel to the store.The new Hollywood location will let customers pose with life-size Funko figures and sit in a toy version of the Batmobile, he said.He added that the company was still working with the building developer and local officials in Los Angeles, so the store won't be ready for a while. But he hopes to open it in time for Halloween. Parts of the store are being built in Washington and shipped down to California.If the store is a success, Mariotti said that more Funko locations could open up in other tourist meccas, such as London, Tokyo and Las Vegas.But he was quick to point out that Funko isn't trying to compete with its retail partners. Funko, like other toy companies, sells a lot of merchandise on Amazon and at Walmart and Target. The company also has distribution at specialty retailers like GameStop and Hot Topic.Instead, Mariotti said the goal is to build even more followers for the brand, driving sales at those big retailers.Funko will report its results for the fourth quarter Thursday, and it is expected to talk more about its retail plans then. Analysts expect sales to have risen nearly 20% from a year ago and for earnings per share to have more than doubled.The stock is up more than 50% already this year. 2874
In news that is both a little scary and gross, US Foods, an Alabama-based food distributor, has announced a voluntary recall of around 712 pounds of fresh and frozen raw beef and pork over the possibility that the products may be contaminated with human blood. It is suspected that an employee at the facility may have cut himself during the production of these items.While it can never hurt to check the food in your 430
It took less than a minute for pasta lovers to purchase all 24,000 of Olive Garden's "Pasta Pass" on Thursday. The Pasta Pass entitles customers to nine weeks of unlimited pasta, soup, salad and breadsticks. For the lucky few who snagged a Pasta Pass, on Aug. 16, the first 50 Never Ending Pasta Passholders who opted in to the Lifetime Pasta Pass can upgrade to the lifetime pass for an additional 0. “Olive Garden has always been known for Italian Generosity and making everyone feel like family, which is why we introduced our Pasta Pass five years ago,” said Jennifer Arguello, executive vice president of marketing for Olive Garden, in a 658
In Fort Collins, Colorado, there’s a place where athletes train seven days a week. The gym, run by Ryan Schultz, is called Trials Mixed Martial Arts and it’s not an ordinary gym.“This gym isn’t for your average person,” Schultz says “You’re going to be pushed here. You’re going to be tested. Overall, I think this place is for everybody. I think you just have to have the right mind set.” This gym is opened to athletes, and Schultz said that includes everyone. “If you’re an adaptive athlete, for example someone who had their leg removed, we have stuff for you as well here,” Schultz says. “But our mentality here is that there’s no laying down in life. Life doesn’t wait for anybody. I think that when people get a disease, or some sort of diagnosis it’s overwhelming for them and they tend to shut down. That’s more of the time to keep moving forward.” Schultz has multiple programs running through his gym. One of the programs was started by him and his friend Glenn Beach.“I was diagnosed with Parkinson’s disease five years ago,” Beach says. “And I’ve been training with Ryan to help treat it.” “Glenn brought to me the Rock Steady Program,” Schultz says. “I like Rock Steady, because they have research that proves this type of program works.”Rock Steady uses boxing to help those fighting Parkinson’s. Beach says this program changed his life. “I’ve had, I would say, a 100 percent improvement,” Beach says. “I had no control over my left hand. Now, I only have a subtle tremor every once in a while. It’s so much more manageable now, and a lot of it has to do with the training I got through Rock Steady.” The course is offered three times a week, and the workouts take about one hour. Beach says that the class does progress assessments every six to 12 months. According to the Parkinson’s Disease Foundation, it's estimated 1 million people in the United States are diagnosed with Parkinson’s disease. The foundation reports more than 60,000 people are diagnosed each year. 1999