If You Build It, They Might Not Come: The Risky Economics of Sports Stadiums - Pat Garofalo and Travis Waldron - The Atlantic:
"This is an altogether too common problem in professional sports. Across the country, franchises are able to extract taxpayer funding to build and maintain private facilities, promising huge returns for the public in the form of economic development...Time after time, politicians wary of letting a local franchise relocate -- as the NBA's Seattle Supersonics did, to Oklahoma City before the 2008-2009 season -- approve public funds, selling the stadiums as public works projects that will boost the local economy and provide a windfall of growth."
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There are numerous examples of cities doing this, and assuming other financial obligations and risks in order to attract businesses.
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