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Wall Street Journal

Cities Turn to Sports Stadiums to Snap Out of Downtown Doom Loop

A growing number of U.S. cities are embracing an alternative approach to revitalizing sleepy downtowns: Strike a deal with a local sports team to usher in a giant real-estate project. The creation of whole neighborhoods anchored by new sports stadiums or entertainment arenas is emerging as a real-estate asset class all its own. Stadiums serve as the foundation, surrounded by hotels, shopping centers, office towers, residential buildings and entertainment venues.