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24/7 Wall St.: Cities Paying The Most For Sports Teams

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8. New Orleans

Public per capita stadium cost: $390
Population: 1,191,089 (46th largest)
Number of major league teams: 2
Number of stadiums: 2

In 2005, New Orleans almost lost the Saints. The team’s stadium, the Mercedes-Benz Superdome, was damaged by Hurricane Katrina and owner Tom Benson considered moving the team to San Antonio, Texas. Although the team ended up staying in New Orleans, renovating the Superdome cost the public $248 million in capital and ongoing costs through 2010. However, while the deal has been costly, the team has played well in recent years. In 2010, the Saints won the Super Bowl, and last season capacity was at nearly 100%. In February, the city will host the Super Bowl for the first time since Katrina, and the 10th time overall.

(AP Photo/Mark Humphrey)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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