Cost of L.A. stadium has mushroomed

[gotbeer]

It's like the crazy train of stadiums.  At least though, this one is privately funded, so the taxpayers aren't on the hook for it.  Anaheim should pay attention.

Cost of L.A. stadium has mushroomed

Quote

Fewer than five years ago, the Rams believed the stadium would cost $1.86 billion. By late 2015, the number moved to $2.4 billion. Since then, the project has “gone off the rails,” thanks to vendor competition driven by a $14 billion renovation at LAX airport and an unexpectedly expensive infrastructure association with a field that will sit 100 feet below ground level. Heavy rain in 2017 delayed the opening of the stadium by a full year.

By March 2018, the price had moved to $5 billion. Officials with the company building the venue now reportedly refer to it as “our $6 billion stadium.”

 

[Angel Oracle]

$14 billion renovation at LAX?   What were they doing?   Building a new airport?

[gotbeer]

43 minutes ago, Angel Oracle said:

$14 billion renovation at LAX?   What were they doing?   Building a new airport?

They are entering the 20th century and putting in rail finally.  

[Tank]

I don't expect to be able to afford to go to a rams game anytime soon. or ever.

[Vegas Halo Fan]

On 11/21/2019 at 11:34 PM, Tank said:

I don't expect to be able to afford to go to a rams game anytime soon. or ever.

Same thing with the Raiders here. Seats will be silly expensive. I will go to a UNLV game just to see the stadium (seats will be plentiful and cheap, since they just fired the head coach after another dreadful season), but I don't expect to ever see a Raider game in person.

It was in the local news a while back that the cost of the stadium has gone up $90M, but it is because much more revenue than expected has come in, and they have decided to use it to add features to the stadium.

Price for Raiders stadium in Las Vegas climbs by $90 million

The move was made, according to Las Vegas Stadium Co. COO Don Webb, largely because of robust personal seat license sales and sponsorship agreements for the NFL Raiders, who are relocating here in 2020 to play at Allegiant.

“These upgrades are being funded solely by the Raiders and (the stadium co.) with not a dime coming from the public,” Webb said. “This budget revision will actually reduce the size of the public funding contribution as a percentage of the total project cost.”

Most of the $90 million bump is expected to be used for various stadium “enhancements,” including additional furniture and fixtures, technology and food service upgrades, build-out of certain unassigned spaces, and the addition of sponsor signage and other fixtures.

It was not lost on me that the statement about "reduc(ing) the size of the public funding contribution as a percentage of the total project cost" doesn't mean that less room tax money is going in. It just means that the percentage will be lower because the cost has gone up and the tax contribution isn't being increased to pay for it.

[Angel Oracle]

Are the Rebels playing all of their games at Allegiant?

It's a lot closer to campus, than Sam Boyd Stadium is.

[Vegas Halo Fan]

On 1/20/2020 at 4:49 PM, Angel Oracle said:

Are the Rebels playing all of their games at Allegiant?

It's a lot closer to campus, than Sam Boyd Stadium is.

They are moving there permanently. One of the selling points for partial public funding of the new stadium was that it would eliminate the need to build a new stadium for UNLV.

[Lou]

UNLV still has football?

[Vegas Halo Fan]

On 4/19/2020 at 7:19 PM, Lou said:

UNLV still has football?

If you mean still playing a game with a brown. oblong leather ball, then yes. If you mean being any good at it, well...

They are still unbeaten in 2020 FWIW.

Edited September 14, 2020 by Vegas Halo Fan

[AngelsLakersFan]

At $6b you gotta figure it's cheaper to just play the games at a local park and just live off the tv revenue.

[arch stanton]

3 hours ago, AngelsLakersFan said:

At $6 you gotta figure it's cheaper to just play the games at a local park and just live off the tv revenue.

Then why not stay in Oakland?