Like it did in Pittsburgh? But then the state and the city did it anyway and levied a tax to pay for it.
http://watchdog.org/366/paindy-1-billion-and-counting-for-states-taxpayer-funded-stadiums/
Not only that, but in order to pass, a bond referendum must be approved with more than a majority of the vote (it's either 60% or two-thirds; I'm not sure which).