Thursday, September 15, 2011

Privately-Funded Stadium Failing; City Considers Bailout

Think you can build a stadium these days with only private funds? So did the owner of the Columbus Blue Jackets, but then he went broke...and the city is now considering a bailout.

As I've written before, of the dozens of baseball, basketball, and hockey venues built in the last 49 years, just one was successfully built without public support - AT&T Park - and even the Giants admit they caught "lightning in a bottle" with their timing.

Even in the NFL, where owners' revenues dwarf those of their pro sports bretheren, just one stadium was built without public dollars: Gilette Stadium in New England, where corporations are tripping over themselves to sponsor a piece of the Patriots.

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