Quote:
Originally Posted by CroFlames
r/TooAfraidToAsk
Why do stadiums/arenas only last 35 years or so, whereas other types of big buildings last much longer?
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Regular businesses move office buildings all the time and they also work renovations into their lease agreements. So even though a building may stand for a long time they will lose prime tenants if they do not renovate in a meaningful way (most companies do not own their own building).
New buildings and facilities also impact the product on the ice by attracting players and improving the training environment for teams. A big example of this is Mark Cuban buying the Dallas Mavericks and building them premier practice facilities, upgrading their jets, locker rooms, among other things. It's really changed the franchise around. The same can be said about the Toronto Raptors investing into the ACC and into the construction of their practice facilities. Facilities are not the only or even one of the biggest reason but it certainly helps.
This also applies to regular people and businesses. Some of the big attractions for working in Silicon Valley for tech companies such as Google and Apple are all the amenities (free gym, food, parks, lunch rooms, etc.). Players are not much different than regular employees in that they will consider non-salary related things such as the environment and atmosphere at work when choosing a job - especially if they are in demand.