As much as I am against tax dollars going to stadiums or teams in leagues making billions in profits, I see why they do it, and will continue to do it. It is an undeniable fact that a major league baseball and football team, even a mediocre one, will bring people to the area. If the stadiums are in entertainment districts or downtown areas, it will bring a ton of business to these areas. Looking at what is going on in downtown Cincinnati, just over a decade after two new gleaming stadiums were built with a large "to be developed" area in between, it is astonishing the amount of high rent housing, and entertainment that has sprung up there as part of the stadium deals. And now GE's Global Operations Center is building its headquarters there.(the area closer to the football stadium)
Though we have some very serious problems in other parts of town, some only 7 or 8 blocks away from the new stadiums complexes, the tax payers are definitely seeing some very tangible benefits for their investment.
The thing is, the stadiums must be in areas developed to keep people in town (or in the area) so they can spend their money there. Essentially, make it attractive to visit even when the team might not be in town. I'll tell you, I spend a lot more time downtown now (in the last 4 or 5 years) than I did before, and it's all due to the ample parking (the entire area between the stadiums is a well camouflaged multi-level parking structure with 5500 parking places. The new development will be built on top) And the area around the stadiums (especially Great American) is teaming with bars, restaurants, other businesses, and what I think is most important, attractive housing.
And now the rumblings are going around to find the money to demolish the old Riverfront Coliseum (US Bank Center) right next to Great American and replace it with an arena that would attract an NHL or NBA franchise. I would still vote NO on a levy. But I see where so much good has come from not only building the stadiums, but developing the area around those facilities to make it attractive for people to come before the games, stay after, and so even move near by.
Projected after GE Global Ops HQ completed
http://thebankscincy.com/visiting/parking.aspx
For reference, this is what the area looked like before the development
Makes more sense to have an NHL team in Cincinnati than say PhoeniGlendale) or Miami.