The Conflict Between Private And Public Funding For Stadiums
When a team needs a new stadium, officials have to make a funding choice — public or private?By Christian Bryant | August 28, 2015
Let's say a sports stadium, arena or complex needs renovations. Or maybe a new structure altogether.
There are typically a few ways to go about financing the construction: public funding, private funding or a combination of the two.
When the United States Tennis Association decided rain was postponing too many matches at the U.S. Open year after year, it chose to build a $150 million retractable roof over its main stadium using private funding. (Video via The Wall Street Journal)