It's not a birthright that Detroit has professional sports teams in each of the four major sports. It's the result of strong corporate support and a loyal fan base willing to pay high prices for tickets. But those days are over. The automotive industry as we once knew it is dead. It will reinvent itself with a leaner identity and a more responsible spending philosophy. And that will likely translate into a more conservative approach as it pertains to cutting checks for luxury suites and unlimited entertainment expenses. It wouldn't be a surprise if Detroit loses at least one of its four professional sports teams within the next 10 years because ownership sells to an outside interest and the franchise moves to an area with a stronger economic base. If you don't think that's possible, then you're not looking at the current local economic situation with a realistic eye. Detroit and Phoenix are the only two cities that support four professional sports teams in four separate facilities. That requires four teams capable of finding enough corporate backing for those all-important luxury suites in four different stadiums/arenas to keep the coffers filled without sharing the facility operational costs with another tenant. That task becomes much tougher for teams in the aftermath of this economic crisis -- especially in Detroit.
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