Forty-six major league stadiums opened in the 1990s will turn 30 by 2030, and the six of those facilities that have already been replaced hint at what’s coming next. Though stadiums are durable structures capable of longer lives, the “ novelty effect” of increased attendance and revenue from newer venues incentivizes owners to pursue them. experiencing previous construction waves peaking in 19. Stadiums tend to have 30-year lifespans, with the U.S. Today, the historical trend of sports stadium replacement indicates a wave of new construction is imminent.

Stadiums have evolved from utilitarian concrete-and-steel bleachers into extravagant entertainment palaces featuring retro-themed architecture and luxury amenities such as private suites, club seating, in-stadium restaurants, and boutique concessions. Though the public share of stadium construction costs has declined over time, total public funding has increased as facilities have grown more expensive. In my own research, I’ve found that adjusting for inflation, governments have committed nearly $38 billion to construct stadiums for major sports league teams since 1960 – $27 billion of that since 1990. Though it might seem strange for the public to prop up for-profit private businesses owned by billionaires, using tax dollars to fund stadiums is a common practice across the county. Maryland also authorized $1.2 billion for refurbishing stadiums for Baltimore’s Orioles and Ravens.The Virginia legislature is considering proposals ranging from $350 million to $1 billion, and Maryland is offering $400 million to improve the area around its existing stadium. Meanwhile, the Washington Commanders are pitting states against each other to replace 25-year-old FedEx field.The state has committed $500 million, and the team is nearing agreement with Nashville officials for another $1 billion. While replacing the Bills’ Highmark Stadium after a half-century may seem overdue, the Tennessee Titans are planning to replace 23-year-old Nissan Stadium with a new $2.2 billion dome.In March, the Buffalo Bills reached an agreement with the state of New York and Erie County representatives for $850 million in public money to construct a new $1.4 billion stadium.It has been a lucrative spring for sports team owners in the United States, with state and local governments committing billions of dollars to fund stadium construction projects: Monthly Issue The Return on Our Sports Investment

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