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100 sats \ 6 replies \ @Undisciplined 16 Mar \ on: Stacker Sports- Day 102- Poll day Stacker_Sports
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.
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
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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.
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I didn't know the soccer team played at Gillette stadium as well. That's a huge venue for MLS.
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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.
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Probably why we are seeing the trend of newer stadiums/arenas being part of a broader development plan with restaurants, shops, residential.
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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.
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