Cost-Benefit Analysis of Stadiums

[JohnBrown1917]

If a football team here threatened to leave the city, they would lose a lot of fans.

[Nellise]

There's a website dedicated to the stadium boondoggles: http://www.fieldofschemes.com

Check the research section on that site, there are links to studies there.

[nextormento]

I imagine it depends greatly on what activities they use it for other than sports. R Madrid stadium, for instance, gets a shitload of visitors on daily tours which ends up in the stadium shop; it's a constant stream of money with little to no maintenance cost.
But that's on the private side of things. If what you're asking is on the public expenditure, if there's any, and the revenue it generates for the city, or a comparison to what could be built there instead... I doubt they come even close to even. But that's pretty normal for any cultural building. Cities invest in museums, theaters, stadiums or concert halls, even when they're private; not because it's a sound economic adventure, but because those are things the population likes having around.

[sheggaro]

massive waste of tax payer money

[Deleted]

Do the people in the US actually tolerate a British guy (I think he is at least?) to constantly rip on their country and culture?

[Wildtree]

Do the people in the US actually tolerate a British guy (I think he is at least?) to constantly rip on their country and culture?

He's a British born American Citizen, and with that yes.
You are an American when you become a citizen.
And that's how it goes in every modern country.

Plus that show rips on everything it deems worthy to be brought to the people's attention.

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No stadium for any private sports team should receive so much as a penny from the government.....

Since the first stadium they've shown was Dallas....
http://www.dallasnews.com/news/cowbo...adium-9172.ece

Think twice.
Done the right way, a stadium is a hell of an investment and a blessing for a city/region.
In my neck of the woods, Omaha, NE is home to the College World Series.
They've torn down the old Rosenblatt Stadium a while ago and built a new ballpark.
The city of Omaha is making a shit ton of money with that.

[Kalis]

American sports are remarkably socialist, our clubs have to pay for their own stadiums.


Apart from West Ham and Man City, who rent theirs, both of which caused major controversy.

[TwoNineMarine]

While they shouldn't ever get government money and do create some work I think the biggest thing it has going for it is that they can give a city a sense of pride. Not only that they give people something to do. Without activities and things to keep a people entertained humans because very...agitated and start doing crazy shit. That may not apply so much anymore due to TV/the interwebs but the principle is the same.

[Wildtree]

American sports are remarkably socialist, our clubs have to pay for their own stadiums.


Apart from West Ham and Man City, who rent theirs, both of which caused major controversy.

A lot of German clubs play in city owned stadiums, incl my own (sadly I have to say)
The rent is currently 2 mio Euros year. The naming rights remain with the city though, as well as parts of the advertisement revenue.
There's actually a heated debate going about said stadium name. The fans / the citizen of the city overwhelmingly want the stadium named after the city's most famous footballer, but the city says "all nice, but no cigar. We need at least 700k per year to cover the most basic maintenance costs."

[Kalis]

A lot of German clubs play in city owned stadiums, incl my own (sadly I have to say)
The rent is currently 2 mio Euros year. The naming rights remain with the city though, as well as parts of the advertisement revenue.
There's actually a heated debate going about said stadium name. The fans / the citizen of the city overwhelmingly want the stadium named after the city's most famous footballer, but the city says "all nice, but no cigar. We need at least 700k per year to cover the most basic maintenance costs."

Did Bayern pay for their stadium themselves? They are one of the wealthiest clubs in the world.

I have no idea who you support, Borussia Moenchengladbach?

[Wildtree]

Did Bayern pay for their stadium themselves? They are one of the wealthiest clubs in the world.

I have no idea who you support, Borussia Moenchengladbach?

LOL Both are "enemies". Especially Bayern. They're an arch enemy.

1. FC Nuernberg

Allianz Arena.. Costs incl financing 340 mio Euros. And yep, basically Bayern owns it.
The city chipped in with some cheap property price.
Initially the stadium was meant to be paid for in partnership by Bayern Muenchen and 1860 Muenchen.
The 60s however just can't recover back to old glory and get back up into the first division.
They most recently barely avoided relegation down into the third.
So, the Bayern in their limitless "generosity" took all the burden and 60 plays as tenant in the stadium.

[Kalis]

1. FC Nuernberg

Isn't motorsport more popular there? Wait for it...

I heard they like their rallies.


Boom fucking boom.

[Wildtree]

Isn't motorsport more popular there? Wait for it...

I heard they like their rallies.


Boom fucking boom.

Norisring, touring and F3 not rallye (and I know what you meant lol)
Can't rally there anymore, the US military plays baseball and US football on that field.
200 miles race.

The race track is right next to the stadium lol

[melodramocracy]

I'm torn. On one hand, arena's shouldn't be built on tax dollars when only a relatively small portion of the population will be spectators in it (and even fewer will actually be allowed to use it on any level)

On the other hand, not everything in society should have to be a proven profit center to exist.

[apples]

if you want to find the economic effects stadiums have on their communities then take a look at the world cups, the olympics, etc

what ends up happening is that shitty investments bring about shitty returns, and good investments bring about good returns

in other words its not a unique industry

if the project needs to be completed in 6 months because omg the world cup omgomgomgomgogmg

then yea, corners are gonna get cut, its gonna get built in a shitty locale, and in 10 years itll be a graveyard

[Wildtree]

I'm torn. On one hand, arena's shouldn't be built on tax dollars when only a relatively small portion of the population will be spectators in it (and even fewer will actually be allowed to use it on any level)

On the other hand, not everything in society should have to be a proven profit center to exist.

The cities just don't need to take themselves hostage by the franchises.
If a city does not profit from a stadium, it's their own fault.

[Paarthurnax]

Socialized cost, Privatized profits.

[JohnBrown1917]

The cities just don't need to take themselves hostage by the franchises.
If a city does not profit from a stadium, it's their own fault.

Really baffled the fans are even okay with the clubs they support threatening a city with leaving.

[Wildtree]

Really baffled the fans are even okay with the clubs they support threatening a city with leaving.

Yeah, that's baffling indeed.

[Felya]

The most glaring of these is Milwaukee Bucks stadium. Scott Walker became an icon when he blocked teacher pay increases, then a few years later signed off on publicly unpopular 300 million for the bucks. A team, who's last grasp to fame was Moses playing for them. This included business owners in the area complaining that a stadium does not help their business. An event in the region occupies people going to the game, not going to restaurants. Coupled with extreme traffic, they claimed that a stadium hinders their business during event days.