The February 3rd issue of The Wall Street Journal contains a piece entitled "The Price of Football that Even Nonfans Pay". It's about funding, or lack thereof, for sports stadiums.
The dirty little secret of professional sports is that many cities are still paying for stadiums that have been torn down and replaced with new stadiums (that they're also paying for).
How does this happen? Here's an example from New York:
... The old Giants Stadium cost $78 million, yet the outstanding debt more than 30 years later is $110 million. How did this happen? Simple: The politicians spent the money that was originally intended to pay off the debt on other things. It's a common problem. Revenues get diverted to other programs and the stadium debt gets refinanced.