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Why sports teams are getting into the real estate business

The Green Bay Packers are the latest team seeking gains from a stadium adjacent development.

Why sports teams are getting into the real estate business
Brian Giesen/Flickr

If you love football, what could be better than catching a game just a short walk from where you live? If you’re a Green Bay Packers fan, this could become a reality. As reported in Bloomberg, the NFL side plans to build more than 200 homes a block from their Lambeau Field site. This is part of a growing trend among sports franchises; developing the real estate around a stadium. But who’s up for living there? 

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