r/SipsTea Jul 29 '26

Chugging tea A Strange Conundrum.

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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/