Often VIPs are paid by the clubs to appear, which is indirectly passed onto other punters as a marketing cost.
Here, you're essentially bringing in a whole bunch of new burden on infrastructure, but getting proportionally less back in order to support it (waiting on some inflection based on future sales tax or property taxes etc is not a guarantee, especially as campuses can be out in the sticks so drawing workers from a wider area). Either you take hits on that, or pass the extra needed cost onto other taxpayers.
I'm not sure whether or not the net is positive or negative, but the second order effects do need to be paid for somehow.
The new employees are also going to be taxpayers. Does any city heavily rely on tax revenue from businesses to maintain critical infrastructure? It should come almost entirely from individual / property tax revenue / federal grants, corporate tax usually accounts for a minor slice of total budget.
Here, you're essentially bringing in a whole bunch of new burden on infrastructure, but getting proportionally less back in order to support it (waiting on some inflection based on future sales tax or property taxes etc is not a guarantee, especially as campuses can be out in the sticks so drawing workers from a wider area). Either you take hits on that, or pass the extra needed cost onto other taxpayers.
I'm not sure whether or not the net is positive or negative, but the second order effects do need to be paid for somehow.