According to the Allen School District website, season tix are available for $8 each and the Allen Eagles only have 5 home games this year and indeed most years, since they usually participate in some type of out of state games against other top schools, etc. 19,500 * $8 * 5... That translates to $740,000 in revenue per year, meaning the payback period on the stadium would be 81.081 years. Of course, that's not considering concession costs, but it is also not considering the astronomical upkeep costs of a stadium like this. Many college programs have upkeep costs in the millions.
I think it's safe to say that this new stadium wasn't an investment, but rather a show of a town's and the town's citizens' commitment to football. They may never get their money back, but their school football team has a shiny new place to play.
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That being said, I'm sure the school and the school's attendees are all happy. This didn't come out of a $60M school fund or something, the money was specially appropriated via a town vote to issue over $100M in bonds to pay for the stadium (among other things). The issuance of those bonds will no doubt result in tax increases.
But at any rate, it's sad to say, but if you tried to get the town to vote to appropriate even $5M to a library, it'd be shot down. Or $10M to a program to improve education... that would be shot down too.
So it's not like this money really could've been put to better use. If it wasn't football related, the townspeople wouldn't have voted "yes".
And as a potential positive, whatever money is made from the stadium (more profits than from the prior stadium for certain) will go back into the school district and the administrators get to decide what to do with it. I for one hope they decide to put some back into education, but I guess we'll see...
Edited 8/9/12 by 3point14RunsPerGame