Red Sox to Stay in Fenway

Ending years of political debate and speculation, the Red Sox have announced that the team will remain at Fenway Park in the near future, rather than try to build a new stadium. The team will assist in the revitalization of the area around Fenway, rather than trying to deal with a citizenry that, in the wake of the $14 billion Big Dig, is wary of any publicly-funded projects.

Hopefully, the gentlemen at the Sports Economist can comment on another reason the team feels secure in Fenway: the park's small size. The lack of seats meant that last year the average capacity was 100.7%. This created an intense demand for seats, driving the average ticket price up to $42. The next highest average ticket price in baseball: around $25 (statistics from interview on NPR, 3/22). Thus, the Red Sox can remain competitive, despite having the smallest ballpark in baseball.

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