ABSTRACT
Public-private partnerships for major league sports facilities have become increasingly complex, making it harder to understand the implications of financial participation by governments. An increasing number of actors are involved in facility deals, and these partners are using a wider array of funding sources. Gone are the days when sports facility building was the province of city and county governments, who served as landlords to major league tenants. Today, financing packages for sports facilities often require years to negotiate, and involve varying combinations of public and private partners, debt and equity financing, and facility and non-facility revenues.
