Why Stadiums’ Life Spans Keep Shrinking

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? Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://clickhubspot.com/ufa5 Sources: Field of Schemes: How the Great Stadium Swindle Turns Public Money into Private Profit https://www.amazon.com/Field-Schemes-Stadium-Swindle-Expanded/dp/0803260164 Sports, Jobs, & Taxes: The Economic Impact of Sports Teams and Stadiums https://www.amazon.com/gp/product/B0CRNYZDGT/ref=ppx_yo_dt_b_d_asin_title_351_o02?ie=UTF8&psc=1 The New York Times https://www.nytimes.com/athletic/1910483/2020/07/07/keeping-up-with-the-joneses-inside-the-trends-that-drive-new-nfl-stadiums/ Brookings Institution https://www.brookings.edu/articles/sports-jobs-taxes-are-new-stadiums-worth-the-cost/ The Journalist’s Resource https://journalistsresource.org/economics/sports-stadium-public-financing/ Mercatus Center https://www.mercatus.org/economic-insights/expert-commentary/congress-fumbles-tax-fix-stadium-subsidies Georgia World Congress Center Authority https://www.georgiahistory.com/ghmi_marker_updated/georgia-dome/ Journal of Policy Analysis and Management https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4340483 Journal of Economic Surveys https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4022547 Sports Illustrated https://www.si.com/nfl/2021/08/02/austin-bills-shows-nfl-owners-are-running-out-of-stadium-grift-cities CBS Sports https://www.cbssports.com/nfl/news/bills-future-in-buffalo-uncertain-after-2022-team-wont-renew-lease-in-city-without-new-stadium-deal-in-place/ Forbes https://www.forbes.com/sites/timnewcomb/2023/04/27/new-21-billion-tennessee-titans-stadium-plan-moves-forward-after-passing-760-million-in-bonds-and-other-approvals/ Football Stadium Digest https://footballstadiumdigest.com/2023/03/new-tennessee-titans-stadium-deal-in-final-stages-of-negotiations/ Associated Press https://apnews.com/article/nfl-north-america-los-angeles-chargers-football-los-angeles-291ecc987dc609caa1d450aae5ff5617 https://apnews.com/article/royals-chiefs-stadiums-taxes-public-funding-f1381c8916144371b3037ebc5b2dcc47 Citizens Against Gov’t Waste https://www.cagw.org/reporting/fields-of-failure. Venues Now https://venuesnow.com/the-shrinking-nfl-stadium-lifespan/ Manhattan Institute https://manhattan.institute/article/tax-reform-stadium-provision-is-a-home-run