The State of the Region: Hampton Roads 2001
There is remarkably little economic evidence in favor of major league sports franchises, even in cities such as Baltimore. Cities and regions that subsidize major league sports teams nearly always find it a losing proposition. If a region, such as Hampton Roads, attempts to attract a major league sports team, then it should do so for reasons of pride and identification rather than economics.
Regional Studies Institute, Old Dominion University, "Part 2: Major League Sports Teams: A Pipe Dream?" (2001). State of the Region Reports: Hampton Roads. 147.