Stadium construction is currently in a boom period. Advocates of publicly subsidized stadium projects argue that attracting a franchise through the construction of a stadium will spur economic growth in the local community. This paper builds upon previous research done by Baade and Dye (1990) by attempting to find a relationship between the construction of professional baseball and football stadiums on income per-capita, employment and aggregate personal consumption expenditures. 12 Standard Metropolitan Statistical Areas in the United States are examined between 1990 and 2005. By using new variables and an updated data set, this paper attempts to better capture the economic impact of stadium construction in specific Metropolitan areas. Pooled regression analysis is employed to examine the effect the independent variables have on income per-capita, employment and personal consumption. The results show a positive relationship between stadium construction and income per-capita. Additionally, a positive relationship is seen between the construction of baseball stadiums and employment in the 12 Standard Metropolitan Statistical Areas.