Friday roundup: Developers pay locals $25 each to hold pro-arena signs, a smoking and farting winged horse team logo, and do you even need a third thing after those two?

It’s been another week of pretty bad news, topped off by a private equity firm somehow buying the entirety of .org domains, meaning every nonprofit website will now have to be licensed from an entity whose sole mission is to squeeze as much money from them as possible. The stadium and arena news, by contrast, isn’t all terrible, so maybe it qualifies as cheery? You be the judge:

  • The Richmond city council voted Tuesday to put off a decision on a $1.5 billion downtown development that would include a new arena (public cost: $350 million), after a contentious hearing where both supporters and opponents held signs espousing their opinions. Or espousing somebody’s opinions, anyway: Some locals holding “yes” signs later reported that the project’s developers paid them $25 a pop to do so. City council president Michelle Mosby replied that if anything people were just reimbursed gas money, which 1) only makes sense if everyone there drove their own car and had to travel like 250 miles round trip to get to the hearing and 2) isn’t really any less corrosive of democracy anyway.
  • If you’ve been wondering how Inter Miami plans to build a temporary 18,000-seat stadium in Fort Lauderdale (later to be turned into a practice field) between now and March and figured it would have to involve throwing up a bunch of cheap metal bleachers, now there’s video of construction workers doing exactly that. Also laying down the sod for the field, which I thought usually takes place after the stadium is more or less built, but I guess if they can build the stadium without treading on the field, no harm in doing so now. This all raises questions of whether the stadium will feel excessively crappy, and if not why more soccer teams can’t just build cheap quickie stadiums like this without the need for public money; I guess we’ll know the answer by springtime one way or another.
  • When the state of Minnesota agreed to pay for the Vikings‘ new stadium with cigarette revenue after electronic pulltab gambling money didn’t come in as expected, it still kept collecting the gambling cash; and now that e-pulltabs (which are just lottery tickets, only on a tablet) have taken off, there’s debate over what to do with the cash that the state is collecting, about $5 million this year but projected to rise to $51 million by 2023. The Vikings owners want the money used to pay off their stadium debt early, while some lawmakers would like to use the revenue to fund other projects or reduce taxes on charitable gambling institutions now that it’s no longer needed — all are valid options, but it’s important to remember that the state already paid for most of the stadium, this is just arguing over what to do with the zombie tax that was left over after the financing plan was changed. (It would also be nice to know if e-pulltab gambling has cannibalized revenues from other gambling options, thus making this less of a windfall, but modern journalists have no time for such trivialities.)
  • The city of Wichita is spending $77 million (plus free land) on a Triple-A baseball stadium to steal the Baby Cakes from New Orleans, and have been rewarded with the Wichita Wind Surge, a name that’s supposed to reference the city’s aviation history or something but actually means “storm surge,” which isn’t a thing that they have in landlocked Kansas? It also features a logo that looks like a horse and a fly got caught in a transporter accident, which the team’s designer explained with “The nice thing about Pegasus, however, to me, was the fact that it’s got a horse in there.” A local designer responded with a sketch of a winged horse smoking a cigarette, drinking a beer, and farting, which by all accounts is much more popular with Wichitans. (The sketch is, I mean, though I’d love to see a poll asking Wichitans, “Which do you prefer, the name Wichita Wind Surge or farting?”)
  • San Diego State University’s plan to buy the city’s old football stadium and its surrounding land for $87.7 million has hit some “speed bumps,” namely that city economists have determined that the price could be below the land’s market value and $10 million of the sale price would have to be set aside for infrastructure improvements for the university’s development. “There’s also the matter of the $1-per-month lease that, as proposed, may not adequately protect the city from expenses or legal risk,” notes the San Diego Union-Tribune. Given all these uncertainties, the city’s independent budget analyst called SDSU’s proposed March 27 deadline “very challenging,” not that that’s stopped city councils before.
  • Saskatoon has enough room under its debt limit to finance either a new central library or a new sports arena, and regardless of what you think of how badly Saskatooners need a new library, it’s still a pretty strong example of how opportunity costs work.
  • The Phoenix Suns‘ new practice facility being built with the help of public money will include a golf simulator for players, because of course it will.
  • Speaking of Phoenix, the Arizona Republic has revealed what the Diamondbacks owners want in a new stadium; the original article is paywalled, but for once Ballpark Digest‘s propensity for just straight-up paraphrasing other sites’ reporting comes in handy, revealing that team owners want a 36,000-  to 42,000-seat stadium with a retractable roof and surrounded by a 45- to 70-acre mixed-use development and a 5,000-seat concert venue and good public transit and full control of naming-rights revenue and public cost-sharing on ballpark repairs. And a pony.
  • Will Raiders football hike your home value?” asks the Nevada Current, apparently because “Is the moon made of green cheese?” had already been taken.
  • And last but certainly not least, your weekly vaportecture roundup: The New Orleans Saints‘ $450 million renovation of the Superdome (two-thirds paid for by taxpayers) will include field-level open-air end zone spaces where fans have ample room enjoy rendered people’s propensity for flinging their arms in the air! The new Halifax Schooners stadium designs lack the woman hailing a cab and players playing two different sports at once from previous renderings, but do seem to still allow fans to just wander onto the field if they want! It should come as no surprise to anyone that even Chuck D can do a better job of drawing than this.

Friday roundup: Ex-D.C. mayor says his $534m Nats stadium expense was worth it, Clippers arena stymied by car trouble, MLS franchise fees to go even higher

Shouldn’t posting items more regularly during the week leave less news to round up on Fridays? I’m pretty sure that’s how it’s supposed to work, but here I am on Friday with even more browser tabs open than usual, and I’m sure someone is still going to complain that I left out, say, the latest on arena site discussions in Saskatoon. I guess lemme type really fast and see how many I can get through before my fingers fall off:

 

Could visiting fans taking over Rams and Chargers home games be good news for Las Vegas? (Yeah, no, probably not)

They played football again on Sunday — nobody seems to be getting on that idea of banning the sport for being hazardous to human health, nor even the idea of replacing human players with digital avatars — which included home games for both the Los Angeles Rams and Chargers. And, as has become commonplace for L.A.’s new teams, most locals seem not to have gotten the message that the sport is still being played:

All of which is embarrassing news for the Rams and Chargers owners who moved their teams to L.A. on the premise that they’d sell lots of tickets in America’s second-biggest market, and slightly worrisome for when the two teams move into their new Inglewood stadium next year. But could it be good news for the Las Vegas Raiders, who are building their entire business model on selling tickets to tons of visiting fans?

That question was discussed Monday in an article in the San Francisco Chronicle that asked, among other things, if projections by the Southern Nevada Tourism Infrastructure Committee are correct that the Raiders’ presence will bring in tons of new visitors to Vegas:

An early study by the Southern Nevada Tourism Infrastructure Committee forecast the stadium would generate $620 million in annual economic impact and bring in 450,000 visitors who otherwise would not have come to in Las Vegas. Officials said just under half of attendees at all stadium events are expected to be non-resident consumers, with about 23% in town specifically for that event.

Those projections, as they pertain to Raiders games, are a sticking point for Stanford economist Roger Noll.

“There is no NFL team in the country that has more than about 3 or 4% of tourists in the stands,” Noll said. “So it would have to be the case that this would be more than an order of magnitude increase.”

But also!

Stephen Miller, director of UNLV’s Center for Business and Economic Research, said while Las Vegas quickly adopted the [Golden] Knights, many out-of-town fans also go to games.

“They come specifically to attend the game,” Miller said, “and then they stick around and have fun in Las Vegas.”

I reached out to both economists for their sources on these stats, and while I’m still waiting on Miller, Noll got right back to me. He said that he’s gotten peeks at proprietary data from team surveys of fans and addresses of ticket buyers on the resale market, and what he’s seen supports his conclusion: Very few NFL fans travel for games. He also clarified that his 3-4% estimate is for fans traveling specifically in order to see football — if a Pittsburgh Steelers fan happens to be in L.A. (either for a trip or because they’ve relocated there, as people are known to do) and decides to take in a Steelers road game while in town, that’s not additional spending that can be credited to the presence of the NFL.

Noll does add that the number of visiting fans typically rises when the home team is terrible, and season ticket holders start dumping their tickets on the secondary market — “For example, when the 49ers were having bad years, empty seats at the last couple of home games were one-fourth to half of the total seats, and sometimes a quarter or so of attendance was fans of the other team.” Which brings up an interesting question: Would it be in Nevada’s best interest for the Raiders to suck, so that more seats will go to out-of-towners looking to cheer on their teams to stomp on the Raiders, who will then “stick around and have fun in Las Vegas”? Modern economic development strategy has gotten very, very weird.

Friday roundup: When is a football stadium too old to be a football stadium?

If it wasn’t clear from the photos of devastation in the Bahamas, the death toll from Hurricane Dorian is going to get much, much worse than the official confirmed number (30, at this writing). You can find a list of some organizations raising money to help survivors here; please give generously if you can. And remember as you do that it’s the warming oceans that helped make this so bad.

And with that, on to news that’s marginally less life and death:

  • Denver Metropolitan Football Stadium District chair Ray Baker says the Broncos‘ current stadium (which just got a new corporate name, go keep track of these things on your own if you like because I can’t be bothered to remember them) should last “between 50 and 60 years,” at which point Broncos president Joe Ellis replied that “I can’t judge where entertainment venues are going to need to be in the future” and “I can’t tell you whether or not, in 10 years, the city of Denver and our seven-county region has an appetite to host a Super Bowl or an appetite to host a Final Four, which means you need a roof. Or do you need a new stadium?” The new naming-rights deal lasts 21 years, at which point the stadium will be 40 years old; please place your bets on whether it will still be standing by then.
  • RFK Stadium in Washington, D.C., will not make it to its 60th birthday in October 2021, which is all well and good as nobody plays there now and it’s costing the city $3.5 million a year for maintenance, landscaping, pest control, security, and utilities. (Note: Yeah, that seems like a lot to me too for an empty stadium.) D.C. officials say they plan to build an indoor sports complex and food market on the site, but have no plans as yet for an NFL stadium, no matter how much Mayor Muriel Bowser might want one.
  • Cleveland Browns COO David Jenkins says team execs still haven’t decided whether to demand a new stadium or a renovated one, but “we’re not far from having those conversations.” Note to Denver: The Browns’ stadium is two years older than the Broncos’.
  • Forbes reports that the value of the Oakland Raiders jumped by $1.5 billion to $2.9 billion after announcing their move to Las Vegas, which is an indication that either there’s something wrong with Forbes’ franchise valuation estimates or there’s something wrong with how much rich people are willing to spend to buy sports teams, or both. Even with the state of Nevada kicking in $750 million, the team will still be on the hook for more than $1 billion in stadium construction costs, which is going to soak up most of the team’s new stadium revenue even if their plan to sell tickets mostly to tourists and visiting fans works out.
  • The Anaheim city council is still squabbling over who knew when that when they voted on a Los Angeles Angels lease extension back in January, they were actually giving team owner Arte Moreno the right to stay through 2029 if he wanted, not just until 2020. (The team owner got a one-year extension of his opt-out clause as well, but the lease is now back in place to its original expiration date set before Moreno opted out the first time last year.) One thing that’s for sure is that this was a major gift to Moreno as stadium renovation talks continue, because “the best friend of a sports team owner is time,” says, uh, me.
  • A bill making it easier for Oakland to create tax districts at Howard Terminal to help raise money for infrastructure for a new A’s stadium passed the California state legislature this week; it’s still unclear exactly how much tax money would be spent on infrastructure, or exactly what “infrastructure” would mean, or even if the stadium will be built at Howard Terminal at all, but that’s one more skid greased, anyway.
  • The new Long Island Railroad station outside the new New York Islanders arena is set to be open by 2022, which only about 90 years faster than these things usually go in New York. It helps to have friends in high places!

 

Friday roundup: Titans want Miami-style renovation to 20-year-old stadium, Orlando throwing more cash at World Cup hopes, and urban myths about small stadiums

I’m back from vacation, and thanks for sticking with my slightly unpredictable posting schedule for the last couple of weeks. (As opposed to my usual slightly unpredictable posting schedule.) It was an eye-opening trip to, among other places, a city that built a stadium with public money and now suffers from a legendarily bad public transit system, though it just might be unfair to blame the one on the other.

Anyway, stadium news kept coming at us fast this week, so let’s get to it:

Friday roundup: Rangers fans don’t like nice weather after all, Orlando re-renovating renovated stadium, Dan Snyder has a $180m yacht

Today is site migration day — cue the jokes about how Field of Schemes should be hosted half the time in Montreal and half the time in Tampa Bay — so if things look a bit weird after 2 pm Eastern or so, that’s to be expected. Rest assured that the site will be back to normal soon, hopefully later today but certainly entirely by Monday; or actually better than normal, because the whole point of this exercise is to have a zippier, more reliable platform so that you can get your immediate fix of stadium news without having to refresh or even wait multiple milliseconds for images to load.

And speaking of your immediate stadium fix, here’s the rest of this week’s news:

  • The Texas Rangers are building (read: mostly having the citizens of Arlington build for them) a new stadium just so they can have air-conditioning so that fans will go to games, but the Fort Worth Star-Telegram points out that the team has been winning and the weather has been nice this spring, and fans still aren’t showing up.
  • MLS commissioner Don Garber said that he “could see [Las Vegas] being on our list for future teams,” which is literally the most noncommittal thing he could say, but he still gets headlines for it, so he’s gonna keep saying it.
  • Here’s an article about how building a whole real estate development that will turn a big profit will help the Golden State Warriors make more money, if anyone wasn’t clear on that concept already.
  • The Orlando city council approved the $60 million in renovation money for Camping World Stadium (née the Citrus Bowl) that they said they would last fall. Since the stadium doesn’t even have a regular sports tenant — it is only used for the occasional soccer friendly, college football game, or concert — it’s hard to call this a subsidy to anyone in particular, but it’s still probably a pretty dumb use of money, especially since the stadium was just renovated once already in 2014.
  • There is no actual news in this Page Six item, but if you thought I was going to pass up a chance to link to an article that begins, “Washington Redskins owner Dan Snyder roared up to Cannes Lions in his $180 million yacht as ad sources speculated he’s in town to find a title sponsor for the team’s new stadium,” you’re crazy.
  • Construction on the Las Vegas Raiders stadium was momentarily halted last week when it turned out one of the parts didn’t fit, which probably isn’t a big deal in the long run — in fact, the ill-fitting steel truss was adjusted and reinstalled a few days later — but that doesn’t mean we can’t make Ikea jokes.
  • The Arizona Diamondbacks owners have hired architecture firm HKS, who designed the Texas Rangers’ new park, to design a new stadium for them if they choose to build one, and you know what that’s going to mean: lots of renderings with Mitch Moreland and his wife in them.

Friday roundup: Rays stalling on St. Pete stadium talks, Marlins tear out seats to please millennials, Raiders stadium maybe delayed or maybe not

Happy baseball season! Or not-so-happy baseball season, as Deadspin reminded us in two excellent articles this week, one on all the ways from bag-check fees to card-only transactions that teams are using to separate fans from even more of their money, the other on how fans were stuck on endless lines to get into stadium on opening day because of things like paperless ticketing apps that kept crashing. And on those cheery notes, the rest of the rest of the week’s news:

Friday roundup: Flames arena questions, Braves funny math, and more vaportecture renderings and videos of suite chairs than you can shake a stick at

I swear they keep making these Fridays closer and closer together:

  • Canadian economists have lots of questions about who’s going to pay for a new Calgary Flames arena, which is as should be because the city council won’t say yet how it will be paid for. And we apparently won’t know more for a while, because first the council needs to figure out who’ll be on the negotiating committee with the Flames, and it’s not even scheduled to meet until next month. I can’t be the only one thinking, “Excellent, lots of time for somebody to leak the details to the press before everything gets negotiated,” can I? Deadspin has a tips line, just saying!
  • The Atlanta Braves brought in $442 million in revenue last year, for a profit of $92 million, but blamed the team’s debt payments on their new stadium in Cobb County for not leaving enough left over to spend big on free agents. After public subsidies, the Braves owners are on the hook for less than $20 million a year in construction debt payments, plus $6 million a year in rent, so, um, yeah.
  • The latest Texas Rangers stadium renderings make the seats in the top decks look just as crappy as in the previous renderings, there are still clip-art fans with translucent heads, and the roof is open in all of them even though the whole point of the new stadium is to have air-conditioning, which won’t work if the roof is open. At least we finally get to see how fans will get to that deck suspended in midair in left field — via a brick-colonnaded walkway, of course — so we no longer have to worry about Rangers fans having to purchase jetpacks to get to their terrible seats.
  • And still more renderings, these of a USL stadium a would-be team owner wants to build in Fort Lauderdale on the site of Lockhart Stadium, the same site David Beckham has targeted as a training site for his Inter Miami MLS team. Are there spotlights pointing pointlessly into the sky? You bet! Is this, regardless of whether the USL stadium stands a chance of getting built, yet another reason to laugh at Beckham over how he can’t catch a break? Don’t you know it!
  • Here’s a video of what the chairs and shelving will look like at the new Las Vegas Raiders stadium. And here’s a picture of what the place settings will look like in the luxury suites at the new Golden State Warriors arena, but it’s just a still photo — come on, Ben Golliver, it’s 2019, don’t you know people want to see furniture in video form?
  • New York Islanders owner Jon Ledecky insists that the team’s proposed Belmont Park arena is still “on track for the 2021-22 season,” but what else is he gonna say?
  • Winnipeg will provide a total of $16.6 million in tax breaks and other operating subsidies this year to the Jets, Blue Bombers, Goldeyes, and Manitoba Moose, and bonus points to any non-Canadian who can name what sport each of those teams play. Economic Development Winnipeg CEO Dayna Spiring claimed that the public will make its money back — no, not through the taxes the teams won’t get breaks on, that’s a Wichita thing to say. Rather, Spiring said the public will earn its money back on exposure, via the value of Winnipeg’s name appearing on hockey broadcasts. Somebody please alert this Twitter account.
  • Tottenham Hotspur stadium opening update: still maybe early April! Also, it may be called Nike Stadium, or maybe not.
  • Wichita announced it planned to double down on its $75 million expense for a new minor-league baseball stadium for the relocated New Orleans Baby Cakes Triple-A franchise by also selling land around the stadium to the team owners for $1 an acre, with the mayor saying the city would make money on the $38.5 million in taxes the new development would pay over the next 20 years. This is still not how taxes work, but Wichita has since said it was putting off the land sale after Wichitans griped about the stealth subsidy, so I won’t belabor the point. For now.
  • And finally, NBA commissioner Adam Silver want to make watching basketball at home more like being at the game, via “technology.” Wait, isn’t one main problem pro sports is facing that fewer and fewer people want to go to games because it’s just as pleasant and cheaper to watch games at home on their giant hi-def TVs? I mean, no complaints here if Silver really wants to replicate the smell of Madison Square Garden in my living room, but it seems a bit, I dunno, against their business model? Unless maybe this will be some kind of premium feature you only get by subscribing to their streaming service that will be described as “Netflix for basketball,” yeah, that’s probably it.

Friday roundup: Raiders’ Oakland deal still not done, A’s stadium plan gets rounder edges, Flames arena vote delayed

Let’s get right to the week’s news roundup:

  • NFL Network’s Ian Rapoport reported on Monday that Oakland Raiders owner Mark Davis was on the verge of an agreement with Oakland officials to stay put in Oakland for 2019 and possibly 2020, and four days later, they still appear to have moved no closer than the verge. More news as events warrant, if they ever do.
  • We have new renderings for the proposed Oakland A’s stadium at Howard Terminal, and they look slightly less doofy than the old renderings, or at least somewhat less angular. Odds that any ballpark will look remotely like this if a Howard Terminal stadium is ever built: two infinities to one. Odds that a Howard Terminal stadium is ever built: Somewhat better, but I still wouldn’t hold your breath.
  • The Calgary city council put off a vote on a term sheet for a new Flames arena on Tuesday, after a marathon meeting that the public was barred from. They’ll be meeting in private again on Monday, and still plan not to tell anyone what the deal looks like until they’ve negotiated it with the Flames owners, which Calgary residents are not super happy about.
  • Los Angeles Clippers owner Steve Ballmer still really really wants a new arena of his own by 2024, and documents obtained by the Los Angeles Times show that he met with Inglewood Mayor James Butts as early as June 2016 to try to get Madison Square Garden to give up its lease on his preferred arena site before they found out he wanted to build an arena there. This is mostly of interest if you like gawking at warring sports billionaires, but if you do you’re in luck, because the battle seems likely to continue for a long time yet.
  • The Miami Marlins are turning the former site of their Red Grooms home run sculpture in center field into a “three-tier millennial park” with $10 standing-room tickets, because apparently millennials are broke and hate sitting down? They’ve gotta try something, I guess, and this did help get them a long Miami Herald article about their “rebranding” efforts, so sure, millennial park it is.
  • Building a football stadium for a college football team and hoping to fill it up with lots of Bruce Springsteen concerts turns out, shockingly, not to have been such a great idea. UConn’s Rentschler Field loses money most years, and hasn’t hosted a major concert since 2007, with the director of the agency that runs it griping, “The summers are generally slow, the springs are generally muddy, and the falls are UConn’s.” And nobody built lots of new development around a stadium that hosts only nine events a year, likewise shockingly. It still could have been worse, though: Hartford could have spent even more money on landing the New England Patriots.
  • Speaking of failed sports developments, the new Detroit Red Wings arena district is “shaping up to be a giant swath of blacktop,” reports Deadline Detroit, which also revealed that the city has failed to penalize the team’s owners for missing development deadlines, and has held out the possibility of more public subsidies if he ever does build anything around the arena. At least the Ilitches are finally paying for the extra police needed to work NHL games, though, so that’s something.
  • Oklahoma City is considering using up to $92 million to build a 10,000-seat USL stadium that could later be expanded for MLS, because of course they are.
  • Here is an article that cites “an economic development expert” as saying that hosting a Super Bowl could be worth $1 billion in “economic activity” to Las Vegas, saying he based this on the results of last year’s Super Bowl in Minneapolis. Actual increased tax receipts for Minneapolis during the game: $2.4 million. It took me 30 seconds to research this, but apparently the Las Vegas Review-Journal is too high and mighty to use Google. Do not reward them with your clicks.

Friday roundup: Terrible concerts, new Yankees garage costs, and why Phoenix’s ex-mayor is glad he didn’t build a Cardinals stadium

Welcome to the first-ever weekly stadium news roundup to kick off with a review of a terrible Ed Sheeran concert:

  • The Minnesota Vikings‘ $1 billion stadium still sounds like crap for concerts, reports the Minneapolis Star Tribune in its review of an Ed Sheeran show last Saturday: “Anytime Sheeran slapped out a beatnik-funky drum beat on his guitar and put it on repeat, such as ‘New Man’ or the pre-encore finale ‘Sing,’ it sounded hopelessly mucky and un-funky, sort of like a kitchen-sink garbage disposal trying to clear out gallons of half-dried concrete.” Time for Zygi Wilf to demand a new one yet? Only 28 years to go on their lease!
  • Speaking of concerts, CBC News has a chart of top touring acts that have skipped Saskatoon while playing in other cities in recent years — ostensibly because Saskatoon’s arena is too old (30 years! even older than Ed Sheeran!) and too far out of the center of town and has too antiquated a rigging system — but mostly it’s a reminder of how many arena acts are on their last legs: Paul McCartney and Barbra Streisand and Black Sabbath all played other Canadian cities but not Saskatoon? How will the city ever prepare for the future! (Also, Saskatoon’s bigger problem might just be that it’s Canada’s 19th-largest city — I bet Paul and Barbra didn’t play Lubbock, Texas, either, which is about the same population.)
  • The Miami Dolphins stadium’s revenues were up 39.7% last year, and expenses were only up 31%, so guess owner Stephen Ross’s $350 million renovation is paying off (though a large chunk of that was actually paid for by Miami-Dade County and by the NFL). It makes it all the more puzzling why the county handed over additional subsidies last summer that could be worth as much as $57.5 million, but actually, since the stadium renovations were already done and paid for by then, it would be puzzling even if Ross were losing money on the thing. Florida, man.
  • Here’s a fun Guardian article on what makes a good soccer stadium. Not sure there’s one takeaway other than “Design them to be good places to watch the match with seats close to the action, and try to make them fit into their immediate surroundings,” but that’s more than most U.S. stadium designers do, anyway.
  • Cleveland Cavaliers owner Dan Gilbert and Detroit Pistons owner Tom Gores still want an MLS expansion team in Detroit, and while they’ve determined that removing the Lions stadium’s fixed roof and building a retractable one like MLS asked would be prohibitively expensive, they have offered to spend $95 million on a training field and other soccer fields throughout the city, though Crain’s Detroit notes that it’s “unclear” if that spending “would use any public funding.” If it would, this will be an interesting test in how badly MLS wants its teams to play in soccer-friendly outdoor stadiums, and how much it just wants new owners who’ve shown they can extract cash from their local municipalities.
  • Hey, check it out, it’s an NPR report on how Worcester, Massachusetts has been undergoing a boom in development and influx of new residents thanks to its cheap rents compared to nearby Boston, to the point where some locals are worried that they’ll be priced out. Is it too late for Worcester to take back that $100 million it’s spending on a Red Sox Triple-A stadium that was supposed to be needed to put the city on the map?
  • Who says that new stadiums don’t transform the areas around them? Why, the SkinnyFats restaurant near the new Las Vegas Raiders stadium just added a new craft beer tap room! That’s gotta be worth $750 million.
  • The deal for the new New York Yankees stadium included new parking lots that were mostly to be paid for by a nonprofit shell corporation that was to own them and collect parking revenues, but now that it turns out nobody wants to pay $45 to park for Yankees games when there are plenty of cheaper parking options plus multiple subway and commuter rail lines nearby, the company is $100 million in default on rent and taxes to the city, with no real hopes of ever paying it back. I should probably add this to the “city costs” section of my Yankee Stadium subsidy spreadsheet, but I don’t have time this morning, so just mentally note that city taxpayers have now put up almost $800 million toward a stadium that was sold as involving “no public subsidies,” with state and federal subsidies putting the total taxpayer bill at nearly $1.3 billion.
  • Former Phoenix mayor Skip Rimsza says one of his proudest accomplishments is not building a downtown stadium for the Arizona Cardinals, since instead the city got to use the land to build a biomedical campus that provides way more jobs and economic activity than a football stadium. Opportunity cost in action! I’d love to write an article on all the things that cities didn’t get to build because they focused on erecting new sports facilities, but sadly my Einstein-Rosen Bridge portal is on the fritz.