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

10 of 12

2. Indianapolis

Public per capita stadium cost: $598
Population: 1,777,684 (35th largest)
Number of major league teams: 2
Number of stadiums: 2

Lucas Oil Stadium, home of the Indianapolis Colts, opened in August of 2008 to replace the RCA Dome. The stadium cost $749 million to build, with 89% of that price tag funded by the public. Including ongoing costs, taxpayers have spent more than $764 million on the stadium–more than any other single facility in the U.S. The facility has a retractable roof and seats approximately 67,000 fans. Lucas Oil bought the naming rights to the stadium for 20 years for $122 million. Since the stadium opened, the Colts have made the playoffs in all seasons except for 2011, when the team won just two games. This most recent season, the team went a respectable 11-5. Lucas Oil also hosted the Super Bowl in 2012, where the New York Giants defeated the New England Patriots.

(AP Photo/Jeff Roberson)

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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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