There are several reasons why new stadiums are unnecessary. Pro sports are reserved for the wealthier class. Stadiums benefit mainly those who are in the businesses, who attend games or who have businesses within spitting distance. There are better ways to spend our state tax dollars. Education standards could be increased and health organizations could create much more of a benefit if the money were invested in them rather than in building a new stadium.
Pro sports are a very small slice of the total entertainment-leisure market.
Individuals that attend pro sporting events can be classified as high income individuals. As the table below indicates, the majority of tickets purchased are by individuals that are in the upper tax brackets. Sports admissions are obviously a rich man's game. Government subsidized sports stadiums are chronic money losers. A positive new accumulated value indicates that the city has received income sufficient to cover the capital and operating costs of the stadium investment.