The document shows Sheffield City Council could save £500,000 per year if the stadium was to close.
The stadium is where London 2012 heptathlon champion Jessica Ennis was first discovered.
The council said no decisions had been made and this was just one of a list of money-saving options.
The stadium is in a crap location, it's difficult to get too and there is no real parking. Only a moron who works for the council would put it there to "regenerate" a failing area.
The Arena works as it has parking.