I think this is a serious no no, and not as in a no hitter. It's a complete swing and a miss. The idea that cities and towns should cough up millions to buy things for private entities, like brand new stadiums for minor league teams, and do so at little to no cost for those private entities, is absolutely absurd. There's no promise those entities will stay there for the long haul, it's not going to create a lot of jobs and there's no guarantee the enterprise will be a success. With so little land and so few tax dollars, it's important we invest our resources wisely and take the sure bets - something that will create jobs, or at least bring in more taxpayers.
A note to my fellow bloggers: let's not succumb to conventional wisdom or the same phenomenon politicians often do - wanting to bring the celebrity to the locality, no matter the cost. There's too much at stake to worry about the minor leagues.