Anaheim's local government, wary of bringing an NFL stadium into the area, says it would do more financial harm than good.
"While American cities have traditionally assumed sports facilities would trigger urban development, local governments are increasingly wary of such assumptions -- and of using public money on the basis of them.
The NFL is considering potential stadium sites in Anaheim, Carson, the Coliseum and the Rose Bowl. Anaheim wants to include a stadium on a 40-acre chunk of the Angel Stadium parking lot, within what the city dubs the "Platinum Triangle," an 820-acre site that would blend a baseball stadium, a football stadium and the Arrowhead Pond in what city planners call 'an urban environment of a scale never before seen in Orange County.'"
Thanks to Brenda Meyer
FULL STORY: Economists: Stadiums Are Bad Investments
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