L.A. stadium now expected to cost more than $4 billion

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At last check, the cost of the new L.A. stadium and the entire surrounding business and residential area was expected to exceed $5 billion. The centerpiece of the project is now expected to have a price tag at more than 80 percent of the prior estimate for the whole place.

According to Daniel Kaplan of SportsBusiness Journal, the cost of the stadium itself has moved north of $4 billion. Rams owner Stan Kroenke and his wife, Ann Walton Kroenke, will contribute $1.6 billion of their own money.

To put that in perspective, and as Kaplan notes, Terry and Kim Pegula paid $1.4 billion for the Bills franchise.

In January 2016, when Kroenke first secured approval to build the stadium and to move the Rams from St. Louis to L.A., Kroenke expected a $2.3 billion expense. That quickly moved to $2.6 billion and then to $3 billion. Kaplan explains that the cost increase partially arises from efforts to ensure that the new stadium will withstand an earthquake. The estimate also now includes “soft costs,” like access roads and utilities.

Whatever the stadium eventually costs, Kroenke will surely make it back, with 20 Rams and Chargers games played there every year, a periodic Super Bowl, and plenty of other events.

It also helps that Kroenke has plenty of other money. Still, no matter how many billions a person has, it always hurts to have to spend more than expected — especially when the expectation has nearly doubled.

34 responses to “L.A. stadium now expected to cost more than $4 billion

  1. Ridiculous.
    Lucas Oil Stadium has been voted the best NFL stadium year after year and it cost $750 mil.
    How much do you need?

  2. Really? So the initial estimates didn’t take earthquakes into account? Or access roads? Gee, that makes a lot of sense. What’s next – increasing costs because someone suddenly realized that it’s hot in LA and they’ll need AC?

    These large construction projects always turn out to be a big grift for someone – or lots of someones.

  3. Until the franchise leaves LA in 20 years because history has proven that people there don’t care enough about football.

  4. It is going to take a lot of beer and ticket sales to cover that cost. Then in 15 or 20 years they will say that 4 billion dollar stadium is outdated and claim they need to build a new one.

  5. The numbers – $4b, two teams, 100 fans, 2 big tv markets, 2 upset cities that lost teams, millions laughing!

  6. >>Whatever the stadium eventually costs, Kroenke will surely make it back,

    When? In 50 years? Thats a terrible return on investment.

    And who is paying the other 2.4 Billion? Taxpayers? PSL holders? Other investors?

    How much will tickets cost – $350 for the upper deck end zone?

  7. afwhigs says:
    May 17, 2018 at 7:12 am
    Really? So the initial estimates didn’t take earthquakes into account? Or access roads? Gee, that makes a lot of sense. What’s next – increasing costs because someone suddenly realized that it’s hot in LA and they’ll need AC?

    These large construction projects always turn out to be a big grift for someone – or lots of someones.

    ————————-
    I thought the same thing as I read that. It makes you want to see the plans to see what else they left out and will ‘suddenly realize’ later that they need. Restrooms? Lighting? Parking lot? Doors? Are the seats included yet?

  8. So the stadium will cost twice as much as the the Carolina Franchise. And in 25 years, the Panthers will have doubled or tripled in value and the stadium will be demolished.

  9. HAHA – suck on that city of St.Louis. Way to let a gold mine walk away for that .5% sales tax increase. Anyone that has an issue with publicly funding a stadium, just watch how that portion of St Louis turns into dust.

  10. Wait till Squirrel Head has to negotiate with LAX and the FAA on flight path changes.
    No matter, maybe he will just sell his Malibu home or heaven forbid sell Arsenal of which he has personally driven into the ground.

  11. afwhigs says:

    Really? So the initial estimates didn’t take earthquakes into account? Or access roads? Gee, that makes a lot of sense. What’s next – increasing costs because someone suddenly realized that it’s hot in LA and they’ll need AC?

    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    The State of California is an incredibly difficult place to build this type of project. The State is constantly enacting new legislation monthly on businesses. It is non-stop. So there is no doubt that between the estimate of the original project years ago and today that they have added dozens of new fees, laws, earthquake codes, fire codes, etc. It is incredibly difficult to try and build here and have new laws, codes, & requirements thrown at you constantly. Even building a home will cost you significantly more over a course of a couple of years. This stadium is being built in LA next to an airport. You can only imagine the hoops that continue to be put into their path to jump through.

  12. That’s a lot of money for a state fan base that historically hasn’t filled much cheaper stadiums. At least it’s privately financed.

  13. Just another head scratcher on this process. The first one was the opening being delayed a year because of “record rainfall” in the winter of 2016. So that causes a delay but the workers were still able to complete U.S Bank stadium on time working in sub freezing temps? Got it!

  14. It’s a telling picture of what we’ve become and what we really value in America.

    We can thank Mr. Jones in Dallas for ‘setting the bar’ in sports decadence.

    So many billions spent on a sport that is experiencing an identity crisis.

  15. If Kroenke is reaching into his own pocket to foot the bill, it doesn’t matter what the bone yard’s gonna cost but if he’s swindling the tax payers (as most pro sports owners outside of San Francisco do), LA, you got suckered.

  16. This is California. They have to pay off all the unions, illegals, and the homeless. Plus they have to comply with all the rules and regulations enacted by the liberals. As one candidate for California governor pointed out, California pays 4 times as much for 1 mile of highway as Texas does.

  17. looks like family of four wont get to go to a Ram game/ ticket prices will go up up up forget it $500 plus to go to a game sorry not me

  18. Can’t believe no one has taken an obligatory shot at cheapa$$ Spanos who is piggybacking off of Kroenke. Seriously, the higher the price this stadium goes the bigger the loser Spanos must feel like. Go home Dean! (SD).

  19. Because $350 million from St. Louis and the state of Missouri was “not enough money” for a new stadium when they offered it to him…what an upstanding citizen, this Kroenke.

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