There are plenty of public golf courses that don't turn a profit and are propped up by the City that operates them.
Isn't that essentially what I originally said?
But actually, I think you're spot-on in one regard....now that I think about it. Most Muni's were built 30-80 years ago....usually when the city was relatively small and there are still open tracts of cheap land.
To build a Muni in a major city these days would probably be pretty financially stupid. The cost of the land alone would would be absurd. Stadiums are much more logical choices. Even if it doesn't turn a profit, it's far more likely to.
A more logical choice would be for government to stay out of the entertainment business altogether.
Probably. Its hard to work and post at the same time.
If they were likely to, at least a handful would have. None have. And government has the one tool that private business doesnt. Force. They can just use eminent domain to get the land and keep their cost down.