Should the Boston Celtics consider building their own arena? It might seem like sacrilege to those who have been a fan of the team long enough to remember the old Boston Garden, which stood just feet away from where TD Garden stands.
But, completed in 1995, it is one of the oldest arenas in the league. That in itself isn’t reason enough given the holding company, Delaware North, that runs it, just renovated the arena. But the holding company that runs TD Garden also owns it, not the Celtics. And therein lies the reason Boston might want to consider building its own arena.
On top of the convenience of being able to decide when to schedule their games versus balancing the needs of other pro sports teams and events, owning the arena also confers a financial advantage: They would be the one charging fees to others while taking in a greater share of the door revenue.
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While perhaps not as deep-pocketed as some franchises, Boston’s ownership group is by no means poor. Some members have put themselves in the hunt to buy expensive European soccer clubs.
Instead, they might consider shoring up their crown jewel of sports investment with the same competitive advantages enjoyed by some of the other NBA cornerstone clubs. Of course, the Celtics know their business — but from the outside looking in, it seems like a no-brainer.
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