• Loading stock data...
Thursday, July 3, 2025

Real Estate Money

Busch Stadium
Photo Credit: Scott Kane-USA TODAY Sports

Sports teams are pushing forward with real estate development projects to help grow revenue with stadiums sitting empty. The St. Louis Cardinals are opening an apartment complex with Busch Stadium views, along with offices and restaurants. The Los Angeles Angels have announced a 150-acre mixed-use development surrounding their stadium.

Another notable project is the 35 acres around Minnesota United’s Allianz Field. That project is expected to include up to 800 apartments along with nearly 1 million square feet of office and retail space.

Teams can potentially increase revenues between 50% and 100% by adding bars, hotels, apartments, and entertainment venues to the land they own. However, the investments take a long time to pay off: the Cardinals project has been seven years in the making, while the Angels’ project won’t start construction until 2025.

Without ticket sales and other gameday revenue teams to fall back on, teams are looking at other revenue streams. A fan-free NFL season would result in a loss of $5.5 billion in revenue across the league, while roughly 39% of MLB’s revenue came from local ticket sales and other in-park sources in 2019. Real estate projects are also making stadiums the new centers for retail and entertainment as malls lose ground to e-commerce.

The additional revenue also reduces the need for public funds. One of the prime examples is the Golden State Warriors’ Chase Center, a $1.6-billion privately-financed project that includes 3.2 acres of public space,100,000-square-feet of office space, and two office buildings.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 10, 2025; Pittsburgh, PA, USA; Pittsburgh Steelers quarterback Aaron Rodgers (8) drops back to pass during minicamp at their South Side facility.
opinion

Steelers Win-Now Mode Is Good News for NFL Media Partners

The conservative “Steeler Way” has finally adapted—and media partners are happy.

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.

MLB’s Hottest Team May Not Be Able to Host Playoff Games

The club’s temporary home in Tampa isn’t equipped for normal postseason demands.
exclusive

Chip Caray Will Not be Suspended for Accidental Homophobic Slur: Sources

The verbal stumble was followed by over 30 seconds of silence.

Featured Today

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”
Seattle Rough & Tumble
June 28, 2025

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.
June 27, 2025

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
June 26, 2025

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.

What Rolapp’s NFL Exit Means—and the Top Candidates to Replace Him

NFL media boss Brian Rolapp leaves; the league hunts for his replacement.
May 23, 2025

New LPGA Commissioner: Women’s Golf ‘Really Hard’ to Find on TV

Former PGA of America COO Craig Kessler will lead the tour.
Gabby Thomas
exclusive
June 12, 2025

Grand Slam Track Cancels Los Angeles Meet As $30 Million Track Start-Up..

Sources close to Grand Slam insist money is not an issue.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Donald Trump, Nick Saban
May 22, 2025

Proposed Trump College Sports Commission May Never Happen

The White House is not sure of its plans.
May 15, 2025

PGA Championship Tees Off With Free Food, Record Hospitality Sales

General admission includes unlimited food and non-alcoholic beverages.
Jun 12, 2019; Boston, MA, USA; St. Louis Blues center Ivan Barbashev (49) and right wing Vladimir Tarasenko (91) hoists the Stanley Cup after defeating the Boston Bruins in game seven of the 2019 Stanley Cup Final at TD Garden
May 15, 2025

The 10 Biggest Stanley Cup Upsets of All Time

Since the 1984–1985 NHL season, 10 squads have defied the odds.
Allyson Felix
May 1, 2025

Allyson Felix on Olympic Pay, Nike, and Track’s Big-Money Era

Felix talked to FOS about her push to help Olympic parents and more.