Huffpost Canada Alberta ca

Why Funding New Sports Stadiums Can Be A Losing Bet

Posted: Updated:
EDMONTON DOWNTOWN ARENA NAMING RIGHTS
City of Edmonton

When people hear of plans to bring a new stadium or arena to their city, they typically envision the stands packed with loyal sports fans, restaurants filled with eager diners from out of town and local hotels bustling with travellers there to see the big game.

That's what the cities of Edmonton and Markham, Ont., are counting on -- both have just green-lighted public funding towards multimillion-dollar arena projects, in the hopes of creating new jobs and drawing in extra visitors.

Read the whole story at CBC Edmonton