With several sports leagues in full swing or in the playoffs, this seems like a good time of year to highlight recent work on using sports as an economic development tool. Mark Rosentraub wrote both Major League Losers in 1999 which highlighted failed sports-based economic development. He followed the work up in 2009 with Major League Winners, which found that with careful planning and execution, sports-based economic development had worked in some more recent cases.
For another view, Public Dollars, Private Stadiums by Kevin Delaney and Rick Eckstein provides an account of the process through which sports teams received public subsidies.
Finally, Sports, Jobs, and Taxes edited by Roger Noll and Andrew Zimbalist is a collection of essays that explore the economics and economic development potential of sports and stadia.