Sports Construction Spending is Expecting a 2019 Leap

Forecasts show that spending on the construction of new arenas and stadiums in 2019 will jump to almost $6 billion, as already $11 billion has been allocated for projects beginning in 2019 or later. For the moment, 2018 is anticipated to see a total of $4.1 billion in spending on sports construction, marking a nearly $3 billion drop off from 2017. 2017 was a rocky year for sports spending in general. Vendors and analysts attribute the lull to coming off 2017’s relatively large spending and the fact that most ongoing projects are soccer stadiums, generally less costly than other sports. The House GOP Tax bill likewise complicated things due to a provision eliminating the option to use tax-exempt bonds to fund stadiums. In the pasts, state and city officials have relied on the tactic to keep their sports teams or draw others from across the country. Reports show nearly half of the Las Vegas Raiders $1.9 billion stadium was paid for in this way. The uncertainty surrounding both the bill and its exact contents had spending on hold for many programs. But the final bill eliminated the provision, reassuring owners and investors that spending can continue unimpeded. That means a major swell in sports construction spending is just around the corner.

Follow us on social media for the latest updates in B2B!



Listen Carefully, Respond Creatively
April 12, 2024

In this captivating episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, delves into the transformative business philosophy of “listen carefully, respond creatively.” This approach has not only skyrocketed the Savannah Bananas to fame but also serves as a universal blueprint for revolutionizing customer service and engagement across all sectors. […]

Read More
Stacey Childress, Senior Advisor at McKinsey and Company, discusses higher ed
Bold Measures are Needed to Improve Investment in Higher Education
April 12, 2024

The stakes for higher education have never been higher as the educational landscape sees rapid evolution. As universities and colleges grapple with the dual challenges of technological disruption and increasing demands for accessible, quality education, the question of how best to implement investment in higher education becomes a priority. This debate has been ignited […]

Read More
wake up healthy
Hey, it’s 9 am… Wake up Healthy with 9amHealth!
April 12, 2024

Healthcare Rethink host Brian Urban explores ways to wake up healthy and stay healthy with his guest, Dr. Avantika Waring, MD, the Chief Medical Officer, at 9amHealth. This episode delves into the transformative approach to healthcare delivery championed by 9amHealth. Dr. Waring’s journey from a humanities student with a love for French to a […]

Read More
public safety and security
Strengthen Public Safety and Security: Modernize Radio Communication for Better Field Response
April 11, 2024

The importance of radio communication within public safety and security operations remains unbeaten in an era dominated by digital transformation. This medium, essential for over a century, continues to be the lifeline for responders on the front lines. From ensuring the safety of field agents to facilitating real-time critical information flow and enhancing situational […]

Read More