With a physical building, that make sense. They do get old, and in theory, should have its value degrade over time. I would hope that land ownership however doe

With a physical building, that make sense. They do get old, and in theory, should have its value degrade over time. I would hope that land ownership however does not get to enjoy the same tax cut. Do a sport team have it value degrade, and if so, by how much each year?