Quote:
Originally Posted by firstdown
Not all stadiums generate revenue but I'm FedEx brings in pretty good money for the 8 to 10 games palyed there. You to remember all the taxes raised off food, rooms, beer, etc... for 90,000 people. Also that land 10 yrs back was in the middle of the shit and I'd say its worth allot more today then back when the stadium was built.
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What matters is how much it is worth today. He'd need the cash from it to fund building a new stadium. If he can't sell it for enough then he'll have to find other sources of funding. And the point is that cities aren't chomping at the bit to throw a bunch of money towards stadium construction/"urban renewal" projects since the revenue generated by the "renewal" has shown to be far less than expected in many cases around the country.