I have begun thinking of pro sports investments, as on a kind of spectrum. On one side is totally private investments (office buildings, hotels, etc.). On the other side is public cultural investments like SLAM, Botanical Gardens, SLSO, etc. I think investments in sports are a bit in-between those two things. Part of having a sports team is about local culture, much like for a lot of people having some other institution (like those mentioned) is important to their culture. I get the drawbacks from this comparison (profit vs non-profit), but I think there is something non-tangible/cultural that a sports team adds compared to other private/for-profit investments.urban_dilettante wrote: ↑Mar 10, 2021^ the thing is, not every investment translates into a more livable city, particularly when it comes to pro sports, as should be clear by now. i think you're jumping the gun a bit with your optimism. sports tends to do that to people for some reason. boasts such as "one that will pay out in spades for decades" and "the real estate development alone leading to multiple new projects and new investments" have no doubt been made once or twice before in St. Louis. such results remain to be seen. we'll see how it goes. precedent does not favor your rosey outcome, but i hope us jaded old fogies are wrong for a change.
I'll add - there are alot of people who deeply believe in things like public art, public music, etc. who look down upon investments in sports. As someone who enjoys both it is kind of annoying.




