This year, the Colorado Rockies have decided to put their money into a real estate development called McGregor Square (seen in the photograph above), instead of improving their baseball team. The Rockies lost 91 games last year and finished just one game out of last place, but still managed to draw almost 3 million fans. I imagine Rockies management must figure that if that many people are willing to watch one of the worst teams in baseball, there is no reason to spend good money to improve the club. The smarter move is to put the money into a three building office-condo-hotel-retail complex just south of the ballpark. Of course, that doesn't make Nolan Arenado, the team's all-start third baseman, very happy. He thought owner Dick Monfort and the rest of the team's management actually wanted to win, and after recently signing a big contract, has made his concerns known. The problem just might be that Arenado doesn't understand investment theory. Perhaps he should take a class. That ought to fix things.
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