Why Stadiums’ Life Spans Keep Shrinking

  Рет қаралды 49,125

The Hustle

The Hustle

Күн бұрын

Professional sports stadiums and arenas in the United States are getting younger and younger - at the cost of billions for taxpayers. These sports teams have fallen into a 30-year cycle of tearing down and rebuilding, or at least significantly renovating, stadiums that are often perfectly fine. With the average age of stadiums today reaching 24 years, and flashy new builds like SoFi and Allegiant setting new standards, experts predict that the US is on the cusp of another construction boom. But is it necessary? And just what is driving the need for new stadiums?
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Sources:
Field of Schemes: How the Great Stadium Swindle Turns Public Money into Private Profit
www.amazon.com...
Sports, Jobs, & Taxes: The Economic Impact of Sports Teams and Stadiums
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The New York Times
www.nytimes.co...
Brookings Institution
www.brookings....
The Journalist’s Resource
journalistsres...
Mercatus Center
www.mercatus.o...
Georgia World Congress Center Authority
www.georgiahis...
Journal of Policy Analysis and Management
papers.ssrn.co...
Journal of Economic Surveys
papers.ssrn.co...
Sports Illustrated
www.si.com/nfl...
CBS Sports
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Forbes
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Football Stadium Digest
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Associated Press
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apnews.com/art...
Citizens Against Gov’t Waste
www.cagw.org/r....
Venues Now
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Manhattan Institute
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Пікірлер: 165
@TheHustleChannel
@TheHustleChannel 10 күн бұрын
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@davidlafleche1142
@davidlafleche1142 9 күн бұрын
Meanwhile, Fenway Park keeps chugging along at the ripe old age of 112.
@ivannevarez8478
@ivannevarez8478 9 күн бұрын
That’s what exactly happened in Oakland. The owner of A’s saw that the city would benefit greatly through housing and shopping but he wanted it all for himself. So he didn’t put up the final 10% of money and asked for a hand out from Vegas. Yet still the media bashes Oakland for not acquiescing to the demands of billionaire’s.
@johnharris6655
@johnharris6655 9 күн бұрын
The Raiders and A's tried for years to work out a deal with Oakland, the city would not cooperate.
@theCranesUS
@theCranesUS 8 күн бұрын
SoFi was a private investment by Stan Kronke because his business model is to own the stadiums of the sports teams he owns so he gets all revenue in and out of season. This is how it should be done.
@johnharris6655
@johnharris6655 8 күн бұрын
@@theCranesUS Oracle Park, where the San Francisco Giants play, was also privately funded, the Giants paid it off in 16 years instead of 25. Funny thing is they still had to win an election to build the park.
@williamlloyd3769
@williamlloyd3769 8 күн бұрын
Oakland couldn't afford the costs associated with building a new football or baseball stadium.
@PCSPounder
@PCSPounder 8 күн бұрын
@@johnharris6655 Because the previous deal with the Raiders put Oakland in a hole. So the teams can stick it. It’s probably a form of karma that the Raiders don’t usually outnumber away fans in Allegiant Stadium. The same will probably be true with the A’s.
@jonmel
@jonmel 8 күн бұрын
While in Europe there is stadiums that are 80 years old plus
@metaldigger
@metaldigger 2 күн бұрын
Buddy 100 years or even 125 years is not old
@SmilingNinja
@SmilingNinja 9 күн бұрын
Corporate welfare at its finest.
@whatisahandle221
@whatisahandle221 8 күн бұрын
LA is an interesting anomaly-100% privately funded (and also fang hyper expensive). And, the St. Louis area won $700Million in a lawsuit against the Rams and the NFL, too.
@swingforthefences7439
@swingforthefences7439 8 күн бұрын
It’s okay for local governments of these cites, countries, and states to say no. But they don’t. And voters keep sending the same people back to run these cities, counties, and states.
@SmilingNinja
@SmilingNinja 7 күн бұрын
@@swingforthefences7439 Yup! It's sad. No mayor, chair, or governor wants to be known as the person that let their beloved sports team move to a different state.
@SmilingNinja
@SmilingNinja 7 күн бұрын
@@whatisahandle221 Yeah, there are a number of multi-billion dollar soccer stadiums in Europe that are funded privately too.
@fishmonger6879
@fishmonger6879 6 күн бұрын
@@swingforthefences7439Do these stadiums bring in any revenue to the cities they are in?
@GBA811
@GBA811 8 күн бұрын
Every structure build has a useful life about 90 years in mind. Demolishing them before expire 1/3 of it useful life is stupidity on another level.
@johnharris6655
@johnharris6655 9 күн бұрын
With the Raiders moving to Vegas, every MLB and NFL teams has their own stadium. MLB teams want smaller venues because they have 82 home games for ticket sales while NFL teams want bigger stadiums because they only have 8 or 9 home games. Baseball and football fans want different experiences.
@johnharris6655
@johnharris6655 8 күн бұрын
@@dericklewis4075 But they do not share it with a baseball team so you do not see an infield in September and October.
@fernandoalvarez9613
@fernandoalvarez9613 9 күн бұрын
Why so much public money?
@metaldigger
@metaldigger 2 күн бұрын
As a Liverpool fc supporter, I’m glad we renovated Anfield. Home since 1892 and built in 1884. Home it is, it will always be!
@user-rp8eh7gr5i
@user-rp8eh7gr5i 7 күн бұрын
Soilder Field does not count. It was renovated in 2002. This caused its historical landmark status to be removed.
@utxex97
@utxex97 9 күн бұрын
Make the entitled billionaires pay entirely for their own stadiums and this insanity will stop.
@uromvictor
@uromvictor 8 күн бұрын
You won't have a stadium.
@utxex97
@utxex97 8 күн бұрын
@@uromvictor The Red Sox, Packers, and Cubs have been doing fine with old stadiums.
@scarpfish
@scarpfish 8 күн бұрын
​@@uromvictor Oh well. There are other things that I can spend money on besides being a spectator for spoiled athletes.
@jonmel
@jonmel 8 күн бұрын
But that would be communism America doesn’t do communism
@Odin029
@Odin029 8 күн бұрын
No, the billionaires will just move their team to a city that will pony up. That's how my hometown landed the Oilers. Houston told the owner to take a hike, and he did so literally.
@marblox9300
@marblox9300 3 күн бұрын
They say stadiums provide added revenue - yea, right - just like the Lotteries were going to fund schools.
@brandonmckinley1413
@brandonmckinley1413 8 күн бұрын
Indianapolis is currently paying for 4 stadiums(Lucas, RCA Dome, Market Square Arena, Gainbridge Two in use and two that were torn down.
@McCallHall1
@McCallHall1 9 күн бұрын
I’ve been saying this… Great data and entertainment value. Kudos.
@testattestdotnet
@testattestdotnet 8 күн бұрын
First they wanted taxpayer funded new stadiums. Then they wanted taxpayer funded new stadiums with luxury boxes. Now they want taxpayer funded stadium districts so they can keep making money after they've ran their sports leagues into the ground.
@BookJay35
@BookJay35 8 күн бұрын
These billionaire owners never give the tax payers in the city that they’re in discounts on tickets, food, and beverages.
@swingforthefences7439
@swingforthefences7439 8 күн бұрын
How about local governments start saying no for once?
@RunaroundAtNight
@RunaroundAtNight 4 күн бұрын
Try to get re-elected on that platform.
@swingforthefences7439
@swingforthefences7439 4 күн бұрын
@@RunaroundAtNight Well, then youtubers should remember that when they make these types of videos complaining about the issue.
@nerios.v
@nerios.v 6 сағат бұрын
Did you miss the part where they made it almost impossible at the federal level and they still do it? xD
@PCSPounder
@PCSPounder 9 күн бұрын
It’s easy to beg owners not to beg taxpayers for money. The private money was spent on SoFi because Los Angeles. The leagues demand public money from smaller markets because they can.
@TheKingkenry
@TheKingkenry 9 күн бұрын
SoFi isn’t in Los Angeles, it’s in Inglewood. Inglewood is banking on the raise in property value so they can get it back in taxes. Inglewood has some of the highest property and hotel taxes.
@PCSPounder
@PCSPounder 9 күн бұрын
@@TheKingkenry How many people say they’re from Inglewood? Or is the fact that SoFi is in Inglewood the reason that Rams and Chargers fans barely outnumber away fans for games? Neither were my point, but I will have my fun. SoFi serves the second largest American market. That means, instead of wishing the stadium is always full to give an owner a cash advantage, an owner can build privately because one can make up the difference with media rights as well as the total number of dates the facility will be in demand. New York and Los Angeles don’t NEED to build with public funds, not that New York teams don’t find themselves getting certain tax advantages.
@antr7493
@antr7493 9 күн бұрын
Did the public get their money back from the Georgia dome ? FYI Soldier field is technically not there anymore. They just kept part of the exterior and built a new interior stadium .
@BallparkHunter
@BallparkHunter 4 күн бұрын
Soldier Field was used by the Bears in 1971, it was never made for an NFL team!
@wandatrades4809
@wandatrades4809 9 күн бұрын
Rams are the landlords, Chargers are tenants
@Sweet68Camaro
@Sweet68Camaro 3 күн бұрын
Why the heck does the proposed A’s stadium cost 1.5B???? It’s a freaking baseball stadium!!!
@riccorich
@riccorich 9 күн бұрын
Turner field wasnt a Terrible Location its next to downtown Atlanta.. compared to Cobb County 30 min North
@ohmynester
@ohmynester 4 күн бұрын
The surrounding area is not ideal
@Vyse1984
@Vyse1984 3 күн бұрын
The problem was that the location couldn’t be developed. With Cobb County, the Braves could develop an entertainment/business district around Truist Park. And they did with The Battery.
@riccorich
@riccorich 2 күн бұрын
@@Vyse1984 wrong
@Vyse1984
@Vyse1984 2 күн бұрын
@@riccorich But it took Georgia State to do it.
@riccorich
@riccorich 2 күн бұрын
@@Vyse1984 GSU bought the stadium after thr Braves left, the Braves Owners just didn't want to stay in town.. with the slap in the face Cobb deal, disrespecting thr city of Atlanta and Black people
@randywarren7101
@randywarren7101 2 күн бұрын
Well, you can't say that about Lambeau Field, the home of the Green Bay Packers! It has had numerous renovations to increase seating and improve audience amenities! It is the oldest football stadium in the NFL and is older than I am!
@eddiejc1
@eddiejc1 2 күн бұрын
It is the oldest facility in the NFL specifically built to host an NFL team, but it isn't the oldest NFL stadium. The Packers will finally have that title outright when the Bears move out of Soldier Field.
@EmmanuelConstant747
@EmmanuelConstant747 8 күн бұрын
The trouble with most NFL stadium owners is the fact that they are all trying to out do one another by building higher luxury venues at the cost of tax payers money. MetLife Stadium owners played it smart by limiting the luxury and upgrading the fan comfort necessities without tax dollars. The result - MetLife leads the league in crowd attendance. Stadium Owners that invest in maximum fan comfort over luxury can get that kind of advantage. The Giants & Jets are getting the full crowd attendance, The Rams & Chargers are getting low crowd attendance at SOFI Stadium. Luxury is the Curse, Fan Comfort Necessity is the real blessing. This is why MetLife Stadium will out last the competition.
@rallypoint1
@rallypoint1 8 күн бұрын
Would love to see my Rams at SoFi…but it’s too expensive. $100 for regular parking. Want tailgate parking..up to $300. Plus factor seats, concessions, merchandise….unreal.
@Drizno
@Drizno 7 күн бұрын
hmmm but whos more profitable though, luxury suites make more money than regular seating. it doesnt matter whether or not attendances or low
@UserName-ts3sp
@UserName-ts3sp 4 күн бұрын
Metlife is honestly the worst stadium I've been to
@EmmanuelConstant747
@EmmanuelConstant747 3 күн бұрын
@@UserName-ts3sp Try going to a game in FedEx Field. After That - Check out AT&T Stadium with all of its traffic, Parking, limited Public Transportation problems, Long lines to the Restrooms and Concession stands. Those problems are just as bad if not worse in other stadiums like SOFI, Allegiant, and US Bank Stadium. This is what happens when team owners spend more money on luxury rather than Fan Comfort necessity.
@EmmanuelConstant747
@EmmanuelConstant747 Күн бұрын
@@UserName-ts3sp Have you ever been to FedEx Field ?
@Paul_Wetor
@Paul_Wetor 9 күн бұрын
They tore down a late 1980s basketball arena in Milwaukee to put up a new one. The inner pillars looked like new concrete - light gray. Ironically, the 1950s Arena (where the Bucks first played) still stands.
@ivannevarez8478
@ivannevarez8478 9 күн бұрын
The old arena is probably better built
@grantorino2325
@grantorino2325 8 күн бұрын
Did they turn it into an Evangelical Christian auditorium?
@Paul_Wetor
@Paul_Wetor 8 күн бұрын
@@grantorino2325 No, it's a sports facility for indoor soccer, hockey, and college basketball.
@edwardbianchi192
@edwardbianchi192 8 күн бұрын
Meanwhile a nuclear plant in NY that was designed to last 40 years is still running way over predicted life span!
@codystrader7594
@codystrader7594 5 күн бұрын
Welcome to America, where actual problems get pushed aside so we can deal with imaginary ones.
@TheAtkey
@TheAtkey 2 күн бұрын
Because people are afraid of living near a nuclear power plant so the political will to build a new nuclear plant(which would be far safer) isn't there. People do love their sports teams however. I'm becoming less and less of a sports fan, pro teams(at least most of used to be part of the community the owner was often a local businessman multi millinares sure but still tied to the city but now it's some billionaire with little or no ties to the city. I just feel I'm not rooting for a team or city anymore but a multi billionaire's toy.
@JohnSmith-zw8vp
@JohnSmith-zw8vp 9 күн бұрын
What a waste!
@zacherymayer4847
@zacherymayer4847 8 күн бұрын
Arrowhead has been around since the '70s and they are now discussing a new stadium. Insane.
@ronkali5365
@ronkali5365 6 күн бұрын
The Atlanta Falcons have had 3 stadiums since Arrowhead
@BallparkHunter
@BallparkHunter 4 күн бұрын
Amazingly, Kansas City had the thought of creating a baseball and football stadium in 1973.
@creecree4983
@creecree4983 8 күн бұрын
I'm genuinely curious how much money governments can make back in taxes during construction and lifespan of a stadium. As in taxes from workers, businesses in the area and the stadium itself. Will it be beneficial enough to fund a stadium?
@reverend_wintondupree
@reverend_wintondupree 8 күн бұрын
See the links in the description as it includes many of the studies referenced in the video. But past deals tell us the long-term benefits are marginal at best. And over the last decade, these stadium deals have become even more one-sided to the taxpayer's detriment in terms of economic ownership and benefits to the facilities being built.
@amazingeric97
@amazingeric97 9 күн бұрын
I look at Wrigley Field & Fenway Park. Both baseball stadiums are around 100 years old. A lot of sports teams are owned by billionaire owners. New stadiums equal more money to be made. I do believe that multiple purpose stadiums need to be looked at especially in Chicago. With modern building it is possible the Bears & White Sox could share a new stadium. With the Cubs being much more popular than the White Sox Inhave a feeling that someday the White Sox might be in another city in the future.
@johnharris6655
@johnharris6655 8 күн бұрын
The Georgia Dome and Turner Field were built for the Atlanta Olympics in 1996. The Georgia Dome was part of the Georgia World Congress center which was a very large convention area in Downtown Atlanta. The Olympic Stadium was turned into Turner field and is now Center Parc Stadium, home of the Georgia State Panthers. The Braves moved out of Atlanta because it was not safe to go to Braves games and most of their season ticket holders came from Cobb County.
@RashaadJorden
@RashaadJorden 8 күн бұрын
Turner Field was built for the Olympics, but not the Georgia Dome. Ground was broken on the Georgia Dome several months before Atlanta was awarded (in an upset) the 1996 Olympics.
@johnharris6655
@johnharris6655 8 күн бұрын
@@RashaadJordenThe Georgia Dome was part of that Olympic bid.
@dantesinfernopurgatory7826
@dantesinfernopurgatory7826 8 күн бұрын
1) Because they can AND 2) Because they know people will pay to attend the games.
@Becauseimme
@Becauseimme 9 күн бұрын
SoFi Stadium will be around for a very long time because LA doesn’t destroy their stadiums.
@coreylevine8095
@coreylevine8095 8 күн бұрын
Because they National Landmark
@Kevinjimtheone
@Kevinjimtheone 8 күн бұрын
Meanwhile, the best football stadium in the NFL is Lambeau field. A honest to goodness real football stadium at 67yo. And the team can never threaten to leave because it’s predominantly owned by its fans. I wish when teams were sold, the fanbase had the rights of first refusal, but there’s no way these billionaire nepo babies would ever allow for that to happen.
@DeadAir21
@DeadAir21 8 күн бұрын
Unfortunately for small markets they will forever have to play ball and spend public money. Cities like Jacksonville, Cincinnati, Pittsburgh, Buffalo, Cleveland know that if these teams move away, they’ll never get another one back so they’ll typically give in and pay for stadiums. In Nashville’s case, they do it because they see the opportunity to take advantage of the growing popularity of the area and hopes it will make the city one of the top entertainment destinations in the country.
@Lessenjr
@Lessenjr 8 күн бұрын
1999 Cleveland Browns expansion. Never say never.
@newdirectionconsulting8744
@newdirectionconsulting8744 4 күн бұрын
The nfl wouldn’t even allow the Steelers to leave Pittsburgh even if the owners did. Albeit tho the Rodney’s never would want to leave either
@DeadAir21
@DeadAir21 4 күн бұрын
@@newdirectionconsulting8744 old nfl absolutely. However this new NFL doesn’t care if it means they can make more money. Let’s put it this way, let’s say the Rams never moved to LA, Pittsburgh’s stadium has fallen to a state that a new stadium is needed. The city flat out tells the Steelers they won’t give a dime, the Mooneys can’t pay for it themselves and decides to sell, but no one is willing to pay for a new stadium out of their own pocket. Then one of the wealthiest people in the world says he’ll buy the team, and not only will he build a state of the art stadium with his own money, but he’ll also build TV studios for the NFL network that the league can use for free, but the stipulation is he’ll only do it in LA, there is no way the league would pass up that opportunity no matter how die hard the city of Pittsburgh is.
@SupermanHopkins
@SupermanHopkins 3 күн бұрын
SoFi Stadium cost $5.5B to build and used no public tax money. The stadium has hosted a Super Bowl, Beyonce, Taylor Swift and who knows what else. Every ticket sold to these events was taxed, meaning the public earned tax revenue despite investing no money. There has to be a better way to pay for these venues besides "all or nothing."
@BallparkHunter
@BallparkHunter 4 күн бұрын
Great video! I would also add that Wave 2 included expansion in all four major league sports, especially the rise of multi-purpose football/baseball stadiums to either lure or keep an AFL/NFL or MLB team. Jack Murphy Stadium was built to gain an expansion baseball team, but also keep the Charges from moving to Anaheim. Oakland had an AFL team but also wanted to lure Charles Finley's A's from Kansas City, and Cincinnati built a multi-purpose stadium for the expansion Bengals football team and to give the Reds a new stadium along the riverfront.
@Knightmessenger
@Knightmessenger 4 күн бұрын
As long as one city will pay up, others will feel forced to fall in line.
@ikepigott
@ikepigott 3 күн бұрын
C’mon, Karin - the Leonardo DiCaprio comparisons were right there! 😂
@saintjudejones
@saintjudejones 8 күн бұрын
Just noting that there was nothing bad about the location of Turner Field. The site hosted the braves and falcons for 30 years, was literally the Olympic stadium, and currently hosts the football (and soon the baseball) fields for a D1 school. The braves decamped for more public funding, a multipurpose area that the team profits off of, and to be closer to its fan base (which is exactly the dog whistle you think it is).
@tjstoutamire5928
@tjstoutamire5928 6 күн бұрын
Say it louder for the ones in the back 👏
@UserName-ts3sp
@UserName-ts3sp 4 күн бұрын
It's in a bad neighborhood and there's not much around the stadium. At least when the Braves were there
@44song
@44song 5 сағат бұрын
If the cost of renovation is not a lot cheaper compare to building a new one. The approach is different between Europe and America. America: We might as well just get a new stadium. More revenue streams are available in the new site. Europe: We choose to renovate as our existing stadium is historical and legendary. Way too iconic to abandon it. We love to keep our heritage which can pass down from generations to generations. (i.e. treating the stadium like holy cathedral)
@johnliberty3647
@johnliberty3647 3 сағат бұрын
It’s no longer about the game, the pro sports teams are catering to status symbol fans. The fans who buy oversized trucks that have little utility but make great driveway monuments they drive to their office job.
@scottdobson1276
@scottdobson1276 4 күн бұрын
One factor you overlooked is that LA didn't get their team back, until 90% of the teams in the NFL got new buildings or major renovations. The owners didn't want a team in LA because it could be used as a threat to move other franchises. People in socal were still watching on TV which is their main revenue source anyway.
@scarpfish
@scarpfish 8 күн бұрын
Cities that have told pro sports owners to F off will be better off for doing so. If people didn't have sports to watch, they'd find other ways to spend their entertainment dollars.
@mohammaddoesit
@mohammaddoesit Күн бұрын
The stadium grift needs to stop. People need to boycott the NFL and force the NFL to capitulate
@tjstoutamire5928
@tjstoutamire5928 6 күн бұрын
I legitimately stopped supporting the braves with the move to Cobb County. The same development that's going on all over the country, not just Atlanta, could've fixed the surrounding neighborhoods. Cobb county will be the "hood" sooner than not and the braves will want to move to Buford. Turner field was NEVER a bad location, I guess people "feel" safer in traffic at Cumberland 🤷‍♂️
@Poorgradstudent1234
@Poorgradstudent1234 9 күн бұрын
I’m not as familiar with this topic, but wouldn’t a major disincentive for owners to fund their own stadiums be the life span? If an owner knows their massive real estate development isn’t going to last 3 decades, they probably wouldn’t want to be the only one on the hook no?
@trevorD1156
@trevorD1156 4 күн бұрын
Tax payer funds isn't the only source if public funding. Over a quarter of the NFL's ad revenue is from insurance companies promoting a product im legally required to have.
@davidburke9596
@davidburke9596 Күн бұрын
Standard seating revenue is like merchandise. It has to be shared with all the other Owners . "Premium" seating $$$ doesn't . Guess which type the Owners want.
@BitcoinMotorist
@BitcoinMotorist 5 күн бұрын
SoFi WILL NEVER HAPPEN AGAIN. The owner of SoFi wanted to fund the stadium privately and REFUSED public money that was thrown at him. What was the result? A lawsuit and a huge fine. Don't expect any billionaires to make that mistake again.
@whaduzitmatr
@whaduzitmatr 4 күн бұрын
why was he sued/fined for wanting to use his own money?
@davidhollfelder9940
@davidhollfelder9940 2 күн бұрын
The NFL only football stadium is the biggest squander of taxpayer money, as most host games only about 10 times a year.
@shaneimler9328
@shaneimler9328 4 күн бұрын
Stadiums are no different than the products you buy. Nothing is built to last anymore.
@jay_ds4800
@jay_ds4800 49 минут бұрын
Sofi is privately funded but has two teams in it, will one essentially paying rent. They also are destination locations. So the opposing team can travel to watch their team on the road. Also sofi secured the Olympics. Which I bet pays for the construction costs for the owner. Comparing this to Buffalo Ny is not serious
@hhectorlector
@hhectorlector Күн бұрын
Excellent video. Subscribed!
@shuki1
@shuki1 3 күн бұрын
People should stop complaining and start investing in stadium building companies and suppliers.
@marklittle8805
@marklittle8805 9 күн бұрын
To be fair, in the case of Buffalo, a new stadium was ine inevitable. Whether Pegula paid for it alone or he could blackmail the State, the Bills stadium isnt really cutting it. The issue is in Buffalo and Western NY, the Bills are so prominent in their sporting consciousness the idea they would not have the Bills and the NFL would make politicians there quake in their boots. The owners play emotional blackmail and win because Americans are SO in love with their pro sports teams that they are irrational to the cost
@DeadAir21
@DeadAir21 8 күн бұрын
They also understand that if the NFL leaves buffalo, they’re never coming back. Buffalo is a shrinking metropolitan and no one wants to be the politician that let a nfl team move away.
@marklittle8805
@marklittle8805 8 күн бұрын
@@DeadAir21 oh for sure....that holds in a lot of market but in Buffalo, you are so right. It is more of an area team then a Full Blown NFL market. If not for most of the fan base driving to it and a bunch of Canadians from South Ontario, the city itself would never support it
@reverend_wintondupree
@reverend_wintondupree 8 күн бұрын
Except the stadium deal never went to referendum, so the claim this was blackmailing for fan sentiment can not be made since the taxpayers never actual voted in favor of the stadium deal. The deal also goes well beyond the Bills events since pretty much all of the stadium revenue streams (including naming rights) go to Bills owners not the stadium authority or taxpayer. And lets not forget the "first gentleman's" severance from Delaware North for his wife helping secure the company's continued business with the Bills via the new stadium.
@jasonz7788
@jasonz7788 8 күн бұрын
Great video, thanks
@jimafton5659
@jimafton5659 Күн бұрын
Because it's the public's money and not the owners money
@Adam-yf3ss
@Adam-yf3ss 9 күн бұрын
Is it weird that the title is NFL stadiums but the thumbnail is baseball stadiums?
@PCSPounder
@PCSPounder 9 күн бұрын
That looked like an old multi-purpose stadium. Plus some videos are hard to come by.
@rawlvee
@rawlvee 9 күн бұрын
she stated in the video that all 4 major sports been having the same circumstances
@loganleroy8622
@loganleroy8622 8 күн бұрын
@@rawlvee The same thing is happening in the MLS, heck even the NWSL build the world's first women's soccer specific stadium in Kansas City.
@klardfarkus3891
@klardfarkus3891 9 сағат бұрын
Sports? Give the masses bread and circus to keep,them compliant.
@cqholt
@cqholt 6 күн бұрын
Turner Field was not in a terrible location. The issue was it was surrounded by parking lots, which now since the Braves left for an even worse location, is now seeing development.
@cs83
@cs83 8 күн бұрын
Lots of info selectively left out of this video, not the least of which are 1 - the current generation of new stadiums like Levi's, SoFi, Dallas, Atlanta etc are all being built to be used for at least 40 years, 2 - in cities where public money is used, the city ends up owning the stadium, and 3 - just because federally exempt bonds were used, doesn't mean the city paid for 90% of the stadium at all, just that the city created a stadium authority which in many cases the NFL/team paid into (see Levi's, where the total public contribution was about ~$50-100M and Santa Clara ended up owning a $1.8B facility).
@anthonyrivera4735
@anthonyrivera4735 8 күн бұрын
It's so cold weather stadiums can host super bowls.
@detroittigers1282
@detroittigers1282 11 сағат бұрын
Greed! Why you think advertiment is on uniforms, hockey, batting helmets. Greed never been higher. Sports is gross, I’m only 42 and amazed at how much it’s changed all while the average medium income, middle class shrinks.
@morningandafternoonsun
@morningandafternoonsun Күн бұрын
Lifespan vs life expectancy
@jaystrickland4151
@jaystrickland4151 7 күн бұрын
Municipal bonds not federal bonds.
@jd5997
@jd5997 3 күн бұрын
You have an error in your graphic at 6:30. You are mission a 0 for the brewers. It should be $610 million
@channingrhodes6756
@channingrhodes6756 8 күн бұрын
It would be interesting to know the stat of how much stadiums bring to the local communities and businesses especially during a Super Bowl, championship game or playoffs. That's when the cities get their return on investment. But I didn't see that stat during this presentation. I would also say that each stadium has its own deal like Sofi stadium which you so eloquently put that the owners (or investors) paid for it and not the public. So each stadium is a case by case basis. Some cites make bad deals but a city like Las Vegas will build a stadium knowing a team will leave a city like Oakland in hope of a better future for their team. Each of these teams is a business and they have to treat it like one. If you look at the Oakland A's the owners barley put any money into the team and in part no one shows up for the games. Also the Raiders had to share the stadium with the Oakland A's. So the Raiders where playing on dirt part of the season. So there are many reasons teams switch stadiums. They have to compete in the market for the best players and also attract the public to go watch the games. If your a highly sought after player and you can get a big contract would you play on dirt or Sofi stadium. Its a no brainer.
@Silver_16
@Silver_16 8 күн бұрын
can you share the google sheet you showed on the video? Im curious to see the data? Or is it publish somewhere?
@chrispomaylivewithcdpsport5517
@chrispomaylivewithcdpsport5517 Күн бұрын
Including Canada pro sports teams
@primalpowers9094
@primalpowers9094 3 күн бұрын
How could one capitalize by investing in the stadium building boom… if any? Is the a major stadium building company?
@nickwinn
@nickwinn 8 күн бұрын
I disagree that turner field was in a bad location. It was near downtown, had easy access from all directions via 75/85/20.
@donjackson5522
@donjackson5522 9 күн бұрын
I agree. These billionaires should totally fund their "keeping up with the Joneses" stadium toys. While they are at it, in the case of SoFi, now they have caused real estate nightmares in San Diego and St. Louis, as they have to find a use for their now tenantless stadiums. There should be some repercussions for that.
@jasonkoch3182
@jasonkoch3182 9 күн бұрын
There were massive repercussions on the NFL for leaving St. Louis. Stan Kroenke and the NFL had to pay the city $790 million. And, the old Rams stadium now houses the most popular XFL team, the Battlehawks.
@uctfandre
@uctfandre 9 күн бұрын
San Diego State University Bought the land where the old Qualcomm Stadium stood and redeveloped area with a new stadium.
@mrbane8721
@mrbane8721 8 күн бұрын
It's literally the local politicians that provided taxpayer funds. Don't forget who the real problem is.
@UserName-ts3sp
@UserName-ts3sp 4 күн бұрын
There was a ridiculous clause in the Rams contract with the Edward Jones Dome where they could easily get out of it if it wasn't in the top 25% of NFL stadiums. The Bengals and Paul Brown Stadium (another lopsided deal) also had a similar clause, though they decided to pilfer Cincinnati instead
@sneakyquick
@sneakyquick 3 күн бұрын
As crazy as it sounds, it probably is cheaper to build a new one then remodel the existing one. Also most were in downtown areas that democrats have allowed to be destroyed by crime so teams like the Braves built entire complexes in the suburbs where their fans live.
@timothydahlin5321
@timothydahlin5321 8 күн бұрын
Greening professional sports to fight climate change.
@uromvictor
@uromvictor 8 күн бұрын
Ask St lious how they feel. Cities better pay. Or watch their teams move.
@ronpeacock9939
@ronpeacock9939 6 күн бұрын
I have always believed.. the best way to prevent your team from moving is to make them build their stadiums themselves. Just look at college teams.. their stadiums are quite old. Why, they CAN"T threaten to relocate. They are tied to a college and often the college owns the venue. At least in Buffalo, they are replacing a 50 year old stadium (that was built cheaply even for early 70's standards... ) Watching venues like those in Georgia, or Texas for the Rangers get replaced between 20 and 30 years... something is wrong there. Turner field may have not been an ideal location, but they rarely had trouble filling it either. (at least while they were winning) NFL is the worst.. demanding a new venue for only 8 games maybe 9/year... I think I'd let them walk...
@UserName-ts3sp
@UserName-ts3sp 4 күн бұрын
Doesn't work for every market. It might work for NYC or Chicago, but it would be a very different story for Cleveland or Buffalo
@ronpeacock9939
@ronpeacock9939 3 күн бұрын
@@UserName-ts3sp not really... if you look at pro-sports.. MLB teams prior to WWII, if they wanted a new venue. they built it. Or they made due with whatever was available. Relocation was rarer than a steak on a live cow. After WWII, that's when The Brooklyn Dodgers found an idiot to buy Ebbets field and when NYC wouldn't build them a new venue, went to LA who did. NFL took a bit longer mostly because until the late 70's, it didn't have the hold on us like it does today. The NFL is the worst because build them a football only venue at $2Billion for 8 games/year... ONLY AN IDIOT would think you'll ever see a return. You don't need a math degree to figure that out. MLB is 81/ year... NBA/NHL their areans get ~41/year plus are great concert venues so they get used beyond their primary use and can help defray the ROI.. NFL will never make up the expense. It becomes major corporate welfare. It can be done, as it was done for years. And when the teams are forced to build it themselves, they grow to treat their fans much better. probably because they would have to walk away from the equity to relocate then build another themselves.
@garygrassler09
@garygrassler09 3 күн бұрын
Pricing out the middle class
@Justin-e7e6x
@Justin-e7e6x 3 сағат бұрын
I love her eyes
@knickjetlag7741
@knickjetlag7741 6 күн бұрын
Owners like their stadiums like their women 18 - 25. Some of these freaky owners might even like them young 🤢 being rich makes ppl weird.
@chrispomaylivewithcdpsport5517
@chrispomaylivewithcdpsport5517 Күн бұрын
Would you be interested in coming on my radio talk show Live With CDP Sports Talk on WQEE 99.1 FM in Newnan, Georgia to talk about this subject why stadiums life spans are shrinking.
@RoadTripTelevisionNJ
@RoadTripTelevisionNJ 6 күн бұрын
Correction: The Buffalo Bills 🦬 do not play in Buffalo, New York. The physically play in the Village of Orchard Park, Erie County, New York. Also. It is the ONLY NFL football 🏈 team in the State of New York. 😃👍
@gerardosantiago3960
@gerardosantiago3960 9 күн бұрын
Soldier feild brand new stadium not iconic
@torrybrockert5750
@torrybrockert5750 2 күн бұрын
TLDR- A: Capitalism
@MikeGrant-q7b
@MikeGrant-q7b 2 күн бұрын
Just say no to pro sports
@user-in7hz1nu8l
@user-in7hz1nu8l 8 күн бұрын
Corporate socialism at its worst
@Nashdrummerboy
@Nashdrummerboy 2 күн бұрын
“Corporate Welfare” is an overused cliche aimed for an emotionally challenged web crowd. Comparing 32 different situations across the country on the basis of stadium price is child’s play. Go ahead and make comparisons but be more rigorous in your metrics and analysis. If not you’re just another “clickbaiter”…
@grantorino2325
@grantorino2325 8 күн бұрын
Evangelical Christians _love_ this because whenever an old NHL arena or NBA center gets replaced, they can repurpose it into an _auditorium_ . 🏟️ (No joke) Before the Cold War ended in late 1991-and this whole sports facility construction boom started-itinerant cngregations often held services in tents! 🎪
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