MINOR LEAGUE BASEBALL: RISKS AND POTENTIAL BENEFITS FOR COMMUNITIES LARGE AND SMALL

Communities of all sizes are investing in minor league stadiums to attract or retain a minor league baseball team. The promise of economic development benefits is often put forward to justify these multimillion dollar investments. Local officials should be aware of the risks that accompany hosting professional sports teams and understand that minor league teams will not be economic growth engines. The decision to invest in a minor league stadium is a public policy decision and can be “worth it” if accompanied by a development logic. This article identifies three approaches that have been successful in making stadiums a community asset.