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0 pointsbobthepanda2y ago0 comments

stadiums are multibillion dollar affairs that take years and lots of public financing. SoFi stadium was $5.5B. https://en.wikipedia.org/wiki/List_of_most_expensive_stadium...

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TheGRS2y ago

Just being devil's advocate since I also don't necessarily agree that TSwift could build a venue in every market, but there are plenty of large-scale events that use open fields and tents and aren't going to cost billions to setup.

datascienced2y ago

With Tay’s wealth she could buy/build a stadium or two for sure! Maybe 10 smaller ones.

But to build / buy thousands with a real estate value in the 100s of billions you would need something like a EFT.

bombcar2y ago

That's how I took it, if she wanted to rent out a field and import equipment, she'd still sell out, and at whatever price she wanted to charge.

ysavir2y ago

Of course, then it also falls to her and her team to handle permits, hiring employees for the concert (and this would be a one time thing for those employees?), training, arranging materials, foods, and anything else, figure out parking and transportation, manage any necessary insurance, and whatever else is needed.

A venue is more than having a place, it's having everything necessary to handle an immense volume of people gathering, acting, and dispersing from a single location in a safe and orderly fashion.

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tomjakubowski2y ago

SoFi was entirely privately funded, as far as I know. Public funding for private stadiums is less popular than it used to be

JumpCrisscross2y ago

> stadiums are multibillion dollar affairs that take years and lots of public financing

That's a 70,000-seat stadium [1][2]. Arenas (5 to 20k) can be built for a few hundred million [3].

Unfortunately, that would mean either nosebleed ticket prices or rationing tickets to fans. The former would earn the fans' ire. The latter reduce the artist's revenue.

[1] https://en.wikipedia.org/wiki/SoFi_Stadium

[2] https://uk.sagepub.com/sites/default/files/upm-binaries/5174...

[3] https://www.nytimes.com/2023/04/18/business/concert-halls-li...

brandall102y ago

Just a FYI, "nosebleed" means the cheapest tickets - ie. the highest up/furthest away from the stage. It's a mountain climbing term related to suffering literal nosebleeds at high altitude.

gosub1002y ago

Then you'd get into lobbying, I'm sure.

Ticketmaster: oh the tragedy, our shareholders..they might not get as much profit! housing! think of the homeless! if you build this arena, it will sit dormant 95% of the year, this space could be used to house homeless, so VOTE NO! on question 45 to protect $CITY's homeless!

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