[howard_the_duck]

Originally Posted by nfotiu

Can you provide some evidence there is some value? This study suggested it was a negative value:

https://www.marketplace.org/2015/03/...winners-cities

Well, for one, the arena itself will only hold ~20,000. But the team's existence in the city brings hundreds of thousands (if not more) to local drinking establishments, particularly during a playoff run. That's incremental revenue driven by a local sports team.