Posted on 05/22/2018 9:03:22 AM PDT by Simon Green
This new Los Angeles Rams stadium better be good.
We know it will be expensive, to a record level. Sports Business Journal reported that costs for the new stadium in Inglewood have passed $4 billion. You read that right.
Stadium costs have gone way up through the years, but no other stadium in the United States has come anywhere close to this. SBJ said the most expensive stadium previous to this was MetLife Stadium in New Jersey, and that cost $1.7 billion. The Raiders’ new stadium in Las Vegas is expected to cost more than $2 billion. That’s still less than half of what the Rams stadium, which will also be used by the Los Angeles Chargers, will cost.
Cost keeps rising
When Rams owner Stan Kroenke first got approval to move his team from St. Louis to Los Angeles, his proposed stadium was slated to cost $2.3 billion, SBJ said. That would have been the most expensive stadium in U.S. sports. About $2 billion has been added onto the cost since then.
In March, the Los Angeles Times reported the price had crept to about $3 billion. Sports Business Journal said the price is now an estimated $4.25 billion. SBJ cited sources that were involved in a bank meeting on May 4 to arrange a $2.25 billion loan.
What is costing so much?
The stadium project always had big expectations. It was designed to be an enormous complex, designed to be an entertainment district as well as host big events like Super Bowls.
The extra costs, in part, come from ensuring the stadium can withstand an earthquake, SBJ reported. There have also been other costs like access roads and utilities that are adding to the price tag.
(Excerpt) Read more at sports.yahoo.com ...
Your stadium tickets and cable tv costs will rise to pay for this and the ungrateful players salaries.
OH CRAP!! That means Jerry Jones is already looking to build another, larger, more expensive Jerry World! UGH!
And it galls me to no end that AT&T Stadium cost half of that amount and is twice as nice. Goes to show ya what the cost of cement and protection will run ya in East Rutherford.
Its all monkey see monkey do
Plus stadiums create a ton of opportunity for graft and backdoor deals
They are like public schools for the locally corrupt
Big pile of money to go towards “consultants” do nothing jobs and materials that never get delivered.
Its takes a lot of time and money to find more Hoffas to support the foundation....
Did the guys who were forced out of the VA for designing the Denver Hospital design this white elephant?
Just think of how many third world illegals will flock to the new stadium to watch Bull Fighting and pay big bucks when there are no soccer games.
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Right on. They can boo the USA when Mexico plays the USA in soccer/futbol.
The money could have been given to the poor. < / s>
Are people going to have to buy tickets to go in and use the stadium? That would require strong borders.
Or are they going to use the Starbucks approach and let anyone in that needs to use the bathroom?
I’m laughing, but I probably should be crying after reading your reply:
I posted:
Just think of how many third world illegals will flock to the new stadium to watch Bull Fighting and pay big bucks with their ETM cards, when there are no soccer games.
laplata replied,”Right on. They can boo the USA when Mexico plays the USA in soccer/futbol.
For all intents and purposes it's the home stadium for the Mexican National Soccer team. They play more "home" matches in the US than in Mexico.
We’re both being realistic. Yes, it’s sad.
Fortunately, the voters in Oakland turned a similar proposed stadium another financial fiasco.
Vegas “won”!
I didn’t know that but it’s not surprising. Thanks.
I know the Coliseum is old, and so is the Rose Bowl, but is there something wrong with them?
Good point about LA. The Rams attendance is often lower than for USC or UCLA football. And the chargers have had trouble selling out their temporary home in a 27,000 seat soccer stadium.
This stadium seems like a huge gamble, if nobody in LA cares that they now have 2 NFL teams.
I haven’t checked out ticket prices or sest license costs in the new stadium. I’m sure they are big dollars.
They might sell out when the “Las Vegas” Raiders come to play. After all, the Raiders are STILL the most popular NFL team in LA.
If the stadium lasts 30 years then without calculating interest the cost of the stadium for each game played in it would be about $20 million dollars per game. If it held 50,000 people the cost of each seat would be $400 per ticket and that would not include the money to pay the teams or the players.
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