Originally posted by TexasBolt
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If someone (anyone) could build a stadium and make money doing it, it would have already been built. The reality is that, other than weird situations, like the Yankees, it won’t cash flow. Face it, nobody likes dealing with the government, they do it because it’s the only way to make the deal work.
That said, there are other businesses that benefit from a stadium, restaurants, hotels, the jobs at the stadium and companies who will only locate here with significant amenities.
That’s why forward thinking communities are willing to subsidize teams. Most of the time it’s with hotel taxes, tax increment financing, and sales tax revenues. Asking the owner to pay the full freight ain’t happening here - not when other communities are willing to participate.
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