It’s happening in every sport, in nearly every market, at every level: to help finance a new stadium or arena and increase revenue, professional sports teams—and some colleges—are developing mixed-use commercial real estate districts around their venues and maintaining ownership in the assets, a concept known as stadium anchored mixed use development. Stadium anchored development is blurring the lines between professional sports and commercial real estate—and has become a somewhat controversial topic for cities, states and taxpayers— so we decided to cover the topic in an on-going blog series. Part 1 in our series is on our hometown Chicago Bears’ on-going quest to build a new stadium and develop a surrounding mixed-use development and the factors that gave rise to the stadium district trend. You can read it at https://bit.ly/3XQHtaK #commercialrealestate #sports #stadiums #mixeduserealestate #stadiumanchoreddevelopment #chicagobears
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The redevelopment of White Stadium in Boston is experiencing a significant cost increase, now estimated at $91M, up from an initial $50M, per the Boston Globe Media ⚽ This rise in cost is due to substantial design changes driven by community feedback and escalating construction expenses. City officials noted that their contribution represents less than half of the total cost, meaning the entire project could approach $200M. BOS Nation FC, the NWSL club, will cover the remaining costs, which include converting the aging 1940s stadium into a modern 10,000-seat arena with updated facilities for both the team and Boston Public Schools athletics. #SportsDevelopment #StadiumRenovation #Boston #BOSNationFC #PublicPrivatePartnership
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Sports and construction are colliding in the most epic ways 🏟️ These 5 stadium project plans are redefining fan experience and pushing the limits of innovation - from heated seats for Buffalo Bills fans, to a retractable roof for the Chicago Bears, get the behind-the-scenes look at the new stadiums being planned around the country ⬇️ For more information like this, subscribe to our free weekly email newsletter: https://lnkd.in/df2_QnC Also featured in video: Tennessee Titans, Kansas City Royals #construction #stadiums #sports
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JACKSONVILLE, FL - The Jacksonville Stadium of the Future will feature a 63,000-seat capacity, expandable to 71,500 for major events like the Super Bowl, College Football Playoff, and Final Four, with an investment of $1.4 billion. It will also boast a translucent roof that reduces heat retention by over 70%, along with wider concourses, premium seating options, and breathtaking city views from lookout decks. Construction begins in 2025, and the stadium is set to open in 2028. What excites you the most about this new stadium? Share your thoughts in the comments! #JacksonvilleStadium #StadiumOfTheFuture #SportsArchitecture #JaguarsStadium #FloridaDevelopment #SuperBowl2028 #XcavarMagazine
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JACKSONVILLE, FL - The Jacksonville Stadium of the Future will feature a 63,000-seat capacity, expandable to 71,500 for major events like the Super Bowl, College Football Playoff, and Final Four, with an investment of $1.4 billion. It will also boast a translucent roof that reduces heat retention by over 70%, along with wider concourses, premium seating options, and breathtaking city views from lookout decks. Construction begins in 2025, and the stadium is set to open in 2028. What excites you the most about this new stadium? Share your thoughts in the comments! #JacksonvilleStadium #StadiumOfTheFuture #SportsArchitecture #JaguarsStadium #FloridaDevelopment #SuperBowl2028 #XcavarMagazine
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NRG Stadium is set to undergo major upgrades. Harris County Sports & Convention Corp. - NRG Park has approved various projects, including new endzone video boards and $1.56 million in additional improvements. ➡️Learn more: https://ow.ly/OFbG50UeSjy
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✨ Modern stadiums aren't just about games; they're about major events and experiences. ✨ 🏟️ As the A's eye a move to Las Vegas with new stadium plans, and the Chicago Bears explore new locations amid environmental considerations, it's clear - the future of sports is evolving. Check out Robert Abramowitz's take on stadiums. #SportsTrends #BusinessManagement #Chicago #LasVegas
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Sport Management Student at the University of Michigan | Passionate about Real Estate and Building Businesses
Stadiums are Evolving 🏟️ In my latest SBAJ article, I explore how stadiums like NYCFC’s Queens development and the Bucks’ Deer District are redefining fan experiences and reshaping urban spaces ‼️Read here: https://lnkd.in/er_qzTp6
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LETS GO
Oakland Roots Sports Club Announces 2025 Season at the Historic Oakland Coliseum. Deposits are available, starting at just $5.10. Learn More: bit.ly/coli2025 Place Deposit: bit.ly/colidepositsln #OaklandForever
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Oakland Roots and Oakland Soul Sports Club announce their intent to make the Oakland Coliseum the club’s short-term home beyond 2025. As part of this decision, the club will no longer pursue the Malibu Lot Interim Stadium project, instead shifting focus to remaining at the Coliseum while actively working toward a permanent stadium in Oakland for the long term. Learn More: https://lnkd.in/gwi-kgpG #OaklandFirstAlways
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Business Development Director | Central Texas | Austin & San Antonio | Strategic Relationship Builder / Developer & Connector
San Antonio - Sports Business Downtown ballpark plan clears critical development hurdle City Council must follow through with similar support to advance stadium development. https://lnkd.in/g4jH5JRM
