One can see the most obvious example of this in the NFL...the open market in LA just got the normally quite parsimonious citizens of Minnesota to cough up about $500 million for a new Vikings stadium. The Indianapolis Colts and the New Orleans Saints almost certainly have LA to thanks for their new or upgraded stadiums as well. All in all, LA is probably worth more to the NFL without a team than with a team.Just ask St. Pete residents what it's like to help build new stadiums for the White Sox, Giants, and Mariners.
Just ask Jerry Reinsdorf or Peter Gammons, who have touted how blackmail and leverage get MLB stadiums built.
Or just ask the Cubs, who are unconvincingly telling Chicago it will "consider a new home" if it can't get its desired renovations at Wrigley (just a couple of years after leveraging Naples for a new $99M stadium in Mesa).
Next post, we'll chat about other lessons learned from the NBA's Seattle situation.