this post was submitted on 20 Oct 2023
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[–] thirty7inarow@alien.top 1 points 1 year ago

Honestly, if I was a politician and a billionaire came to me asking for stadium funding, I'd tell him, "Yeah, no problem. What equity stake are you providing in your business for this kind of investment?"

It's plain to see by now that sports franchise ownership is incredibly profitable; it may actually be in the best interests of a city to operate a professional franchise. It's an asset that keeps increasing in value, and knowing it can't leave will be a huge assist to local businesses buying into the neighbourhood (especially if an expansion franchise and new arena were used to develop a brownfield-type area).

[–] Gladness2Sadness@alien.top 1 points 1 year ago (1 children)

The Thunder need a Joe Lacob-type owner

[–] IHateYouKids@alien.top 1 points 1 year ago

Shiiiiii everybody does

[–] SophisticatedBalls@alien.top 1 points 1 year ago (4 children)

Unrelated to the public funding, I cannot fathom how often stadiums get replaced nowadays. Boston Garden was around for 70 years or so, MSG has been around for 60 years, Lakers used the Forum for 30 years, but it's still in operation today. How is it that the Thunder need a new stadium after 15 years?

I see the same thing with baseball. The Mets and Yankees had Shea Stadium and Yankee Stadium for 50 years each before getting new parks. Now it's like it only takes 20 years for a new park to be built. It's so wasteful

[–] ChunkyMilkSubstance@alien.top 1 points 1 year ago (2 children)

Yankees had OG Yankees stadium since the 20s, it was more like 80 years. Sox are still in Fenway which is over 100 years old.

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[–] Educational-Team-827@alien.top 1 points 1 year ago (3 children)

My city just rejected a proposal for a hockey arena that would have effectively gifted the land and allowed the owner to avoid taxes for 30 years. After the 30 years the team would be free to leave or hold the city ransom for renovations.

Hopefully the citizens get to vote for the outcome. Billionaires don’t need handouts.

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[–] JarekBloodDragon@alien.top 1 points 1 year ago

Move them back to Seattle then bring an expansion team to Vancouver. Karma and giving back to the pacific northwest

[–] spoofrice11@alien.top 1 points 1 year ago (1 children)

Move them to KC.
Just want a basketball team nearby, since it's my favorite sport. And we have NFL & MLB.

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