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Private spending on sports facilities construction set to surpass $5 B in 2017 as onsite technology spend grows.

  • ​​​So far in 2017, nearly $3.5 billion in private funding has been spent in the U.S. on sports facility construction and renovation  – nearly 25% more than the same point in 2016. This drastic uptick can partially be explained by stadium owners heavy investment in high technologies as a way to differentiate their facilities and create a better fan experience.
  • According to Don Loudermilk, JLL’s SVP of Sports Facilities Project and Development Services, tech budgets for stadiums a few years ago edged toward $1 million in a new build – but today, tech spending can be well north of $50 million. Sports facilities are also increasingly turning away from the “seat ‘em and feed ‘em” model, and are now aiming to  enhance the fan experience through multifaceted experiences (and increasing budgets).​

Source: JLL Research, U.S. Census​




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