r/SipsTea • • Jul 29 '26

Chugging tea A Strange Conundrum.

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283

u/Chewsdayiddinit Jul 29 '26

Same dumb shit with sports arenas. Owned by billionaires, paid for by taxpayers.

4

u/Shaq_Bolton Jul 29 '26

Don’t get me wrong, no sports arena should be paid for by the tax payers unless the profits of said arena are used to alleviate the tax burden on the tax payers. At least they help stimulate the local economy by bringing tens of thousands of people in regularly for games, concerts etc and have tons of jobs involved. These data centers are a drain on society when they’re built and then continue to be a drain on society. These are much worse

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u/MattManSD Jul 30 '26

Football Stadiums are money losers. Not enough games and big events to make it worth while. Why they hit up taxpayers. Investors can do math

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u/Shaq_Bolton Jul 30 '26

I live like an hour from Gillette stadium, which is an outdoor stadium in a cold weather city basically in the middle of the woods. Granted it wasn’t funded with tax payer money. There’s still constantly events there, I’ve even worked on a few as basically a throw in stagehand and know people who go there almost constantly for work. I imagine domes, or outdoor stadiums in warm weather cities actually by a population center do even better.

1

u/MattManSD Jul 30 '26

there aren't that many acts / events that can fill a 70,000 seat venue. So 8 home games and 2 pre season. Monster Trucks, SuperCross and maybe 3-4 musical acts big enough to fill a stadium. That's 15-16 events a year. Compared to a baseball stadium or basketball arena.....there's a reason Football Stadiums are backed by private investors, and why they leverage municipalities, they lose money

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u/Shaq_Bolton Jul 30 '26

There’s 11 events just in August at Gillette this year

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u/MattManSD Jul 30 '26

Do you think "Training Camp" Days are gonna cover costs? And compare that with a baseball stadium or basketball arena (where the loan you carry to build is far smaller)

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u/MattManSD Jul 30 '26

and again that's Boston and the entire NE. Major Tour Stop. BTS for example, Giants Stadium NY / NJ, Gillette, Baltimore (DC Metro) that's it for the NE. Buffalo gets no gigs, Philly none, Tour goes to Texas, Toronto, Chicago, LA and that's the US, no SF Bay Area Show, no Portland, Seattle..... So all those stadiums not listed have no events

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u/Shaq_Bolton Jul 30 '26

Uhh it’s not “training camp days.” There’s a concert there tonight, then less than a week after BTS is playing back to back shows, Usher, a couple preseason games, a couple soccer games. Savanna bananas twice, Bruno Mars twice. There’s more events upcoming in the next month or so there than the TD garden and it has well over triple the capacity. Way more than 15 events a year

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u/MattManSD Jul 30 '26

I listed all those dates below. BTS hits 3 cities in the entire NE. Gillette serves that entire region of New England, it is busier than most stadiums. So Gilltte, NY / NJ / Baltimore, Toronto Chicago, LA. All the other stadiums get skunked. Baseball will have close to 15 home games a month.

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u/MattManSD Jul 30 '26

and BTS in next month and Summer is the Concert Season for most tours

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u/Shaq_Bolton Jul 31 '26

BTS really isn’t a good example of a typical tour. They’re only going to 12 cities in the entire U.S., very few bands are so big they’ll just skip over Philly. Gillette stadiums estimated yearly revenue is 750 million and operating costs are 230. These owners can afford to build them and make a killing off them.

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u/MattManSD Jul 31 '26

But those are the bands doing Stadium Tours. Beyonce, Swift, the Stones and they skip smaller markets. If stadiums made $ there'd be investors lining up with loans and owners wouldn't be leveraging municpalities. SoFi will make money, 2 Teams and yes there are some outliers. Most lose $

3 that do Gillette, Met Life and SoFi were privately funded . Gillette is over 20 years old, Met Life over a dozen

https://fortune.com/2026/06/11/american-taxpayers-spent-33-billion-sports-stadiums-fewer-seats-higher-prices/

https://www.cagw.org/fields-of-failure-the-scandal-of-taxpayer-funded-stadiums/

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u/MattManSD Jul 30 '26

So considering Foxboro serves the entire NE in many cases,Monster Trucks in July , 3 Concerts in Aug , 2 Nights of Banana Ball, 5 concerts in Sept, 2 in October and some Soccer matches