3 ms·

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_expens

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_stadiums https://en.wikipedia.org/wiki/List_of_most_expensive_stadium...

tomjakubowski 3y ago
SoFi was entirely privately funded, as far as I know. Public funding for private stadiums is less popular than it used to be
TheGRS 3y 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.
- bombcar 3y 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.
  - ysavir 3y 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.
    - TheGRS 3y ago
      Again though, there are plenty of events that already do this and have people for handling logistics. And indeed people with temporary jobs involved.
    - xarope 3y ago
      Cirque du Soleil does this. They always setup their own venue on an open ground, but I think that's more for consistency of their layout and apparatus.
      - amanaplanacanal 3y ago
        They used to do this. They started running at least some of their shows at existing large venues a while ago, sadly.
- datascienced 3y 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.
JumpCrisscross 3y 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 https://en.wikipedia.org/wiki/SoFi_Stadium [2] https://uk.sagepub.com/sites/default/files/upm-binaries/51748_CH_17.pdf https://uk.sagepub.com/sites/default/files/upm-binaries/5174... [3] https://www.nytimes.com/2023/04/18/business/concert-halls-live-entertainment.html https://www.nytimes.com/2023/04/18/business/concert-halls-li...
- gosub100 3y 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!
- brandall10 3y 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.

tomjakubowski 3y ago

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

TheGRS 3y 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.

bombcar 3y 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.
- ysavir 3y 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.
  - TheGRS 3y ago
    Again though, there are plenty of events that already do this and have people for handling logistics. And indeed people with temporary jobs involved.
  - xarope 3y ago
    Cirque du Soleil does this. They always setup their own venue on an open ground, but I think that's more for consistency of their layout and apparatus.
    - amanaplanacanal 3y ago
      They used to do this. They started running at least some of their shows at existing large venues a while ago, sadly.
datascienced 3y 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.

JumpCrisscross 3y 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 https://en.wikipedia.org/wiki/SoFi_Stadium [2] https://uk.sagepub.com/sites/default/files/upm-binaries/51748_CH_17.pdf https://uk.sagepub.com/sites/default/files/upm-binaries/5174... [3] https://www.nytimes.com/2023/04/18/business/concert-halls-live-entertainment.html https://www.nytimes.com/2023/04/18/business/concert-halls-li...

gosub100 3y 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!
brandall10 3y 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.