How many Americans spend their Thanksgiving Day watching football? The answer is Millions. Football games have been a tradition of Thanksgiving throughout the years. While high-school students have their own games on that day, many others spend the day at their city’s stadium or in front of television screens, watching a game of NFL or colleges' league while their precious turkey meals are getting prepared at home. I used that example to highlight the importance of the sports in our lives. Even on national holidays like Thanksgiving, American families find sports a rich topic to watch, talk about and gather all together around for some time. “Sports are bigger than life," as an old proverb says (Bradlee). It is something that captures the attention of students at schools and colleges, families at homes, and, of course, it brings millions in audience to media, print and television. Therefore, sports have always been on focus for economic investments, either by public or private sectors.
Over the time, athletes have become celebrities. You can find their posters hung on walls of millions of children’s rooms, their advertisements all around the television channels, and their pictures everywhere on billboards around the cities. In other words, they have become a sort of investment for their teams and sponsors as well as the mass media. That is why; many cities have decided to make use of that cash cow. They realized the popularity of those athletes is getting bigger, and they knew that any city that hosts a bunch of those celebrities would attract thousands of fans to watch, meet and cheer for them; something, which would turn a city into a tourist hub with thousands of people going in and out, generating millions in revenues for local businesses, and creating thousands of job opportunities for its residents. Therefore, financing stadiums has been one of the most important projects; every mayor has been thinking about.
Public Stadiums throughout the History
However, publicly financed stadiums were not that popular over the past. Prior to the era of World War II, most of the stadiums were privately financed, operated and owned. In fact, even the teams were owned by big corporations, and any public contribution tended to be modest. Nonetheless, after 1945, governments and municipalities started to contribute in financing stadiums, only because teams used to pay a very substantial rent in order to use the publicly owned stadiums. It was a sort of good investment for the government. Back at that time, most of the football teams used to utilize stadiums that were operated and most of the time, owned by baseball teams. The reason is simple. The football tournaments were not that developed. Therefore, in the absence of popular yearlong tournaments, few games were played annually. That is why football owners did not consider having their own stadiums, since the revenues were modest. Similarly, the governments did not consider publicly financing...