If you have never checked out The Sports Economist, do so. Its interesting analysis of economic principles applied to sports. Their big kick has been about the public disaster that is new stadiums (and Olympics, World Cups, etc). The potential economic benefits are always overstated by biased consultants and then the unwitting (or is it witless) public is left with long term debt on an asset that no longer produces enough revenue to fund itself.
Today's example: The Old Giants stadium. According to the NYT:
The old Giants Stadium, demolished to make way for New Meadowlands Stadium, still carries about $110 million in debt, or nearly $13 for every New Jersey resident, even though it is now a parking lot.
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