Construction Report USA: Land of Unlimited Possibilities?
Stadium and arena projects of the “Major League” franchises are now regularly in the bn. USD range. However, initial designs are often just a means to obtain funding commitments from public sources. These subsidies are generally very unpopular among the population.
Las Vegas, Chicago, Kansas City, New York, Washington... In almost all major U.S. cities or metropolitan areas, spectacular stadium and arena plans have been discussed recently. The sheer volume can be explained by two simultaneously occurring phenomena: the modernization needs of some venues and the motivation of team owners to develop further on the one hand, and the increasingly declining willingness of the U.S. population to subsidize these bn. USD projects with tax dollars on the other hand.
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