Sports Cities

That is the topic of one of the lead stories in Business Facilities Magazine this month. The article talks about some of the successes experienced by Jacksonville, Indianapolis, and others.

While I agree that sports can be a driver for tourism and all components of the local economy, it is very wise to use caution in "jumping into" this long-shot business.

Do you know of a professional sports team willing to pay for its own facilities these days? Trust me. They are few and far between.

This is an expensive economic development strategy for most cities. My advice: beware!