That's what the Mayor of Glendale has said:
Super Bowls are a money suck, says mayor of city about to host Super Bowl
Jerry Weiers, the mayor of Glendale, Arizona, recently told me he doesn’t expect a windfall when his city hosts the big game in February. In fact, he says, “I totally believe we will lose money on this.?
Ok, that comment by a Mayor does surprise me I must admit.