The FACT is that almost all of these publically owned sports facilities are economic tragedies for the taxpayers who actually pay for them!
Believe it or not, there
are some ballparks the taxpayers didn't or aren't paying for. (In some cases,
ballparks were financed by way of sales and other consumer taxes that voters
were allowed to vote on,
but only an extremely few. I believe Comerica Park in Detroit was built that way---with voters approving
car rental and hotel taxes to foot some of the bill, with the late Tigers owner Mike Illitch putting in $185
million of his own money.) I know of six such parks at least:
1) Wrigley Field. (The Cubs have owned the park since they moved into it after William Weeghman---
who'd built the park for the Chicago Whales of the ancient third-major-leage bid the Federal League
---assembled the syndicate including William Wrigley, Jr. to buy the Cubs at the end of 1915. The
current Cubs owners, the Ricketts family, are looking to put together $575 million in private
financing to renovate the park.)
2) Fenway Park. (The Red Sox built the place and have owned it since, with each subsequent team
owner also owning the park.)
3) Dodger Stadium. (When Los Angeles officials showed Walter O'Malley assorted tracts of land the
city would be interested in selling to him, O'Malley picked out the tract known as Chavez Ravine.
The sale was put to a referendum and passed, and O'Malley bought the land and built the park,
opening in 1962. The Dodgers played in the Los Angeles Coliseum until the park was built.)
4) AT&T Park (formerly PacBell Park): The first privately-built baseball park since Dodger Stadium.
5) Citi Field: To get the park built New York floated a bond issue the Mets agreed from the outset
to repay---it's going to cost them $500 million over, I think, some 25 years. Essentially, the Mets
are repaying a loan.
6) Yankee Stadium: New York built and paid for parking facilities and a new nearby municipal park,
but the Yankees bought the land for the ballpark and built and paid for the stadium---for a none-too-
shabby $1.1 billion. (When the Yankees renovated the original Yankee Stadium in the mid-1970s,
the park soon came to be known as "The House That Ruthless Rebuilt" in honour of mercurial
owner George Steinbrenner.)
Ballparks didn't become publicly built or financed until the early 1950s, when two cities---Milwaukee and
Minneapolis---built new parks hoping to attract major league teams. (Talk about "if you build it, they
will come!") Milwaukee got the Boston Braves and Minneapolis got the Washington Senators, becoming
the Minnesota Twins. Sometimes forgotten: Minneapolis almost got the Giants: the Giants had their top
farm team there and had the territorial rights, and were preparing to move there until the Brooklyn
Dodgers finally made plans to move all the way west---after New York's legendary (notorious) planning/
building emperor Robert Moses thwarted Dodgers owner Walter O'Malley's attempt to build a new Brooklyn
ballpark for the Dodgers.