There are a lot of things economists disagree about, but the economic impact of sports stadiums is not one of them.
“If you ever had a consensus in economics, this would be it," said Michael Leeds, a sports economist at Temple University. "There is no impact."
Leeds studied Chicago –- as big a sports town as there is: Cubs and White Sox (baseball), Bears (football), Bulls (basketball) and Blackhawks (hockey).
“If every sports team in Chicago were to suddenly disappear, the impact on the Chicago economy would be a fraction of 1 percent,” said Leeds.
We talk about sports a lot, and we pay a lot attention to them, but when it comes to the actual revenue teams generate, the impact is minuscule.