A New Kind of Stadium

Yesterday was Super Bowl Sunday.

To prepare for this big moment, the Minneapolis Super Bowl Host Committee spent nearly $500 million on it (mostly via taxpayer dollars). According to the New York Times, it was the seventh one built in the last 12 years, each constituting about $250 million each from taxpayers for a total of almost $1.8 billion.

Despite the optimistic projects, each Super Bowl costs the host city and states millions of dollars – in other words, it loses money. Significant mone...