What happened to corporations selling bonds or stocks to capitalize new projects?
On a tangent Progress Energy in Florida wants to raise electric rates so they, at some time in the future, can build a new nuclear power plant. If it was a good investment why wouldn't they get a flood of investors wanting in on the deal. The same goes for the Sports/Entertainment Industry, doesn't it?
If the city fathers feel that having a new place for the local ProSports team to play why don't they get together and sell bonds to finance this project.
I take umbrage with those that say the city as a whole benefit from having stadium and Pro team to play there. Ask my neighbors how they feel about the tap dancing the Mayor and the Rays. What do I get from these guys playing in town. Both The Bucs and the Rays have trouble selling out games. New stadiums will have a better draw?