The flip side of it is I can't imagine going entirely private either. You would have a billion dollar asset completely beholden to the local government, which could extract what they want from you.
> You would have a billion dollar asset completely beholden to the local government, which could extract what they want from you.
That's not how anything in America works. Billion dollar skyscrapers or complexes as private enterprises exist, often in the same jurisdiction as they stadiums.
It's hard to get a large amphitheater going without government support. While I'm sure there are examples, but none spring to mind either currently or throughout history. But subsidizing live events of a revolving nature is different from subsidizing a billionaires sports team.