Stacker Sports- Day 102- Poll day \ stacker news ~Stacker

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889 sats \ 8 comments \ @grayruby 16 Mar Stacker_Sports

It's Saturday, thus it is poll day!

I saw in the news recently that the Chicago Bears ownership is investing 2B to build a new domed stadium near the current Soldier Field. This private financial commitment is likely to throw a wrench into the plans of some other major sports teams who are currently seeking significant public investment for upgrades or new facilities.

Do you think sports stadiums/arenas should be publicly or privately funded?

Privately funded90.9%

Publicly funded0.0%

Private/Public Partnership9.1%

11 votes \ poll ended

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100 sats \ 6 replies \ @Undisciplined 16 Mar

It's insane to me that working class people are taxed, so that multimillionaires can play games more comfortably.

I am curious what player salaries would look like in a world of purely private stadiums.

261 sats \ 5 replies \ @grayruby OP 16 Mar

Incentives of the system right? Stadiums are generally not great investments but teams need them and city elected officials need projects to make it look like they are doing something and definitely don't want the beloved team to leave under their watch.

I think arenas make the most sense as investments. You can have basketball, hockey, concerts and other events. Baseball stadiums not as good but at least 81 home games. I have no clue how you break even on a football stadium that only has 8 games a year. One way is to not pay for them. Haha

74 sats \ 1 reply \ @StillStackinAfterAllTheseYears 16 Mar

Some baseball stadiums (Fenway comes to mind) do find ways to double as concert venues pretty frequently. But yeah, I can't see how the New England Revolution games on top of those eight football games are enough to make Gillette Stadium worth it.

0 sats \ 0 replies \ @grayruby OP 16 Mar

I didn't know the soccer team played at Gillette stadium as well. That's a huge venue for MLS.

50 sats \ 2 replies \ @Undisciplined 16 Mar

They do big events at football stadiums, like auto shows.

To my knowledge, there has not been one study showing a publicly funded stadium or arena having a positive ROI. They always either fail to find an effect or more often find a net loss to the local economy.

24 sats \ 1 reply \ @grayruby OP 16 Mar

Probably why we are seeing the trend of newer stadiums/arenas being part of a broader development plan with restaurants, shops, residential.

50 sats \ 0 replies \ @Undisciplined 16 Mar

Those studies were also all done before this huge collapse in commercial real estate. The value proposition might be very different than it used to be.

50 sats \ 0 replies \ @BlokchainB 16 Mar

New York State gave the bills $600 million to build their new stadium which the team is going to lease from the state.

I love the bills but if the city/state can’t support them economically then another owner with deep pockets should’ve bought them. I was pissed they used this much money to build a damn stadium that will be empty most of the year.

This idea that billionaires get these state subsidies to build massive entertainment facilities while half the city has abandoned homes is ridiculous.