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New Sports Stadiums Proliferate, Business and Industry Trends Analysis

American sports stadiums have historically been built using large amounts of local taxpayer dollars, voted in by fans willing to bear part of the burden for hosting a professional team. Demand for new, climate-controlled facilities with cutting edge video and sound systems and ever-widening selections of dining venues continues to grow in major cities in the U.S. and elsewhere.

In Arlington, Texas, the Texas Rangers baseball franchise replaced its 22-year-old stadium with a new $1 billion ballpark, featuring a retractable roof, just as the Coronavirus pandemic of 2020 began. The cost is being split between the team and the city of Arlington. The Atlanta Braves also built a new facility to replace the 1996 Turner Stadium (built for the Summer Olympics of that year) called SunTrust Park, as did the Atlanta Falcons football team. Mercedes-Benz agreed to pay the Falcons $345 million over 30 years for naming rights to the new $1.5 billion stadium, which is also used by the Atlanta United soccer team.

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