In today’s world owners and politicians are always competing against their colleagues. That is apparent when it comes to constructing a sports stadium. Every team given the opportunity to construct a new stadium always wants to make their stadium the best. They want the best suites, concessions, and finishes to the structure that make it look elegant, the best roofs. You name the amenity and owners want that added in their new stadium. Taxpayers are seeing an increase in the new for public funding when building new stadiums, because owners want the best but need the public to help achieve that. This article from Athletic Business, discusses how over the years the cost of sports stadiums has drastically increased. In 2002 the Houston Texans build Reliant Stadium for $352 million.
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Ten years later the NFL say the opening of three new stadiums with costs almost doubling. Lucas Oil Stadium ($720 million), Cowboys Stadium ($1.15 billion), MetLife Stadium ($1.6 billion) (Cohen). The article provides primary research that shows how stadium construction prices have increased over the years. According to Cohen the increase in price can be attributed to, the bigger and better concept. As sports grow in this country, organizations want to capitalize on that market by providing more seating. Increase in the desire for more clubs seating because of the revenue that comes with higher priced seating. Facilities that provide indoor and outdoor use, stadiums with the ability to enjoy nice weather and also the ability to close roofs when the weather is bad. And finally structural material prices have increased in the last ten years (Cohen). This article will provide data associated with the cost of sport stadiums and how sport organizations are continuously trying to improve their facilities to compete with other
Ten years later the NFL say the opening of three new stadiums with costs almost doubling. Lucas Oil Stadium ($720 million), Cowboys Stadium ($1.15 billion), MetLife Stadium ($1.6 billion) (Cohen). The article provides primary research that shows how stadium construction prices have increased over the years. According to Cohen the increase in price can be attributed to, the bigger and better concept. As sports grow in this country, organizations want to capitalize on that market by providing more seating. Increase in the desire for more clubs seating because of the revenue that comes with higher priced seating. Facilities that provide indoor and outdoor use, stadiums with the ability to enjoy nice weather and also the ability to close roofs when the weather is bad. And finally structural material prices have increased in the last ten years (Cohen). This article will provide data associated with the cost of sport stadiums and how sport organizations are continuously trying to improve their facilities to compete with other