How does it work when a city pays for an arena, or most of it? Do they own it and lease it to the team? Is the lease a material amount or is at a low cost? Does the city make revenue off the other activities at the stadium (concerts, etc.)?
How does it work when a city pays for an arena, or most of it? Do they own it and lease it to the team? Is the lease a material amount or is at a low cost? Does the city make revenue off the other activities at the stadium (concerts, etc.)?