Starting today, ticket scalping is legal in Minnesota. Reselling tickets to ballgames, concerts and other events for more than face value, once a misdemeanor, is now on the up and up. This is good news and bad news.
It's good news for companies like Ticket King, which today opened a ticket outlet two blocks from the Metrodome after closing its longtime Hudson, Wis., location in response to the new law. Similar companies are sure to follow suit. Ticket brokers have long taken advantage of having pockets deep enough to allow them to buy up blocs of tickets, and being able to absorb the cost of "eating" the tickets that don’t sell.
It’s mixed news for the street-corner scalpers, the guys near the Dome with the signs reading "I Need Tickets" (need, in case it hadn’t dawned on you before, means am selling). While they no longer risk arrest for plying their trade, their revenues will be undercut by the presence of Ticket King.
It might be bad news for consumers. If the street-corner guys are driven away by Ticket King, bargain-priced tickets might be a thing of the past. Before, if a concertgoer bided his time until the Target Center headliner had taken the stage, he could get a ticket for less than face value from a scalper who just wanted to dump his remaining stock before it became worthless. Odds are, no such bargains are in store from Ticket King and their ilk.
Showing posts with label Target Center. Show all posts
Showing posts with label Target Center. Show all posts
Wednesday, August 1, 2007
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