Actually that’s not true in the case of Indy.
With all the conventions and NCAA final 4 (3 - 4 in the next 10 years) Indy will be hosting it will bring outside $ to Indy, and with a new Stadium they can now try and get the Super Bowl played in Indy since the RCA is too small for the Super Bowl requirements.
RCA was small when they built it, it's over 21 years old and the 2nd smallest in the NFL and not built for today’s ticket buying fan, and renovation would be useless as it still would not allow more then 56,000 fans into a game, with this new stadium it will be 66,000+ and have luxury seating which is where the real $ is made.
There was a big stink over what you are saying in regards to the Fieldhouse in Indy five years ago, everyone bitched it would not make $ and was a waste, but since they built it they have made huge $ and is considered one of the best venues in the nation now.
Indy is going out of its way to be the sports capital of the world, they have the NCAA, 500, Colts, and Pacers and host F1, NASCAR, and so many other sporting events that could be anywhere else, but they come to Indy since they have a great reputation of being well organized and up to date host.
This is needed to keep that tradition going.
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