Local economic development plans


Problem: Professional sports and big-league cities go hand in hand. Hosting a professional sports franchise is evidence that a city has arrived per-se - that is not simply a large city but a major league city. Moreover, acquiring or retaining professional sports teams has become important in local economic development plans. From your perspective, is it wise for a major "metropolis" to promote professional sports? What are the advantages/disadvantages?

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Microeconomics: Local economic development plans
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