In spite of the fact that new sports venues often cost upwards of billions of dollars to construct, many American teams play in stadiums and arenas that are less than 25 years old. Heck, once the Atlanta Braves move into their new park, the Philadelphia Phillies’ Citizens Bank Park will be the most senior venue in the NL East — and that only opened in 2004. Whether it’s through municipal bonds, tax breaks, or free real estate, a lot of the money to pay for these venues ultimately comes out of taxpayers’ pockets. [More]
