Handful of Owners Resisting Parameters of New Deal

[Lotus]

Originally Posted by FRPLG

He's not tied to it in the way you're referring other than by the fact that it is relatively new for a stadium. It's only now getting into it's middle age period.

And the thing that is keeping him in the stadium more than anything is the implosion in the real estate market (since cities have figured out that stadiums are not the revenue generators they are made out to be). That land is worth a mint 10 years ago. Enough to build him a new stadium. Now...not so much.

I would add that once you own a stadium there is an incentive to stay there. It is economically intelligent to keep a car I own rather than always taking on new car payments. It behooves me to stay in a house I own rather than moving from new mortgage to new mortgage. Likewise, if you own Fedex, there is reason to stay rather than trying to finance a new stadium.