One of the most important things to any sports team, is their stadium. I read an article that talked about the economic impact that stadiums have on their city. When a sports team decides that they want to build a new stadium or update their old one, they tell all the people within the city that it would be great economically for the city because it will bring about jobs and it will attract more people that can spend their money there. In reality, this is far from the truth. A sports economist named Michael Leeds took a look at Chicago because they have 5 major sports teams and he says, "If every sports team in Chicago were to suddenly disappear, the impact on the Chicago economy would be a fraction of 1 percent... A baseball team has about the same impact on a community as a midsize department store."
If anything it seems that stadiums could actually be doing more damage than good to its surrounding city. When most teams have home games the fans going to stadium tend to cause a lot of traffic, which causes many locals to avoid any shops or restaurants around the area. This makes many businesses suffer. Plus, the article talks about how many people going to sporting events have a "limited entertainment budget", so if the stadium was not there then the locals could be spending that money at a local restaurant and keeping the money within the community. Instead, all that money is going right into the pockets of the local sports team.