NFL stadium project reportedly $2.5 billion over budget
Stadiums are an expensive thing to build. Especially one that needs to host a pair of NFL teams and potentially other football games, such as the Super Bowl.
And that’s why those teams want to make sure that things get done right. So when the new stadium in Los Angeles, which will host the Rams and Chargers, was delayed a year until 2020, it was understandable.
But on “The Dan Patrick Show” on Wednesday, Dan Patrick shared something he learned from a source that might not be quite as understandable. The new Los Angeles stadium, which was supposed to cost $2.5 billion, is actually going to cost $5 billion. Even worse? The NFL wants the Rams’ players to help pay for the difference.
“I said, ‘How do you overshoot the estimate by $2.5 billion?'” Patrick said of his conversation with his source.
As Patrick points out, the NFL is proposing that the players receive 49 percent of the revenue from the stadium, but they would have to use some to help finance the stadium.
Here’s Patrick weighing in more on the whole situation:
According to a source close to @dpshow, the Rams' new stadium is expected to cost $5 Billion (originally $2.5 Billion) and the NFL wants the players to chip in for the billions of dollars in cost overruns. #AUDIENCEsports pic.twitter.com/YHpMLla9IV
— AUDIENCE Sports (@AudienceSports) October 16, 2019
It will be interesting to see how this situation continues to develop and if the NFL will continue to push for the players to help finance this new stadium.
California dreaming scene.
They forgot about the new construction tax California passed this year
Makes you wonder if Ramsey considered how much it was going to cost him to pay those Cal Taxes and now pitching in on a stadium.
Stupid is as stupid does. Unfortunately, stupidity isn’t relegated to California. Look no farther than Atlanta, Georgia to find an example of a supreme waste of money called Mercedes Benz Stadium.
Not disagreeing at all. But how so?
It’s not your money so why do you care?
Unfortunately virtually all professional stadiums receive government subsidies which just really means they are spending your tax dollars on it.
Stop using tax dollars for billionaires cheap desires to build these monstrosities. Build it yourself not stealing money from the hard working normal people who can’t even afford to go to games. These owners should offer highly discounted tickets to the city taxpayers but they wont, they can’t even fill Atlanta Arthur’s Anus.
I don’t mind SOME taxpayer money going towards a stadium since it does generate economic activity, but only like 25% of the reported cost when the deal is signed. You can’t come back and say that there are overruns and expect to get bailed out by the taxpayers.
If you look at some of the data regarding stadiums, there’s little evidence that they generate any economic growth at all. In fact, it’s more likely that they hurt the local economy in the long run.
I thought they did generate growth, but just not even close to the projections that the pro team usually stated, but if I am wrong, then I take back giving even 25% tax payer support.
After reading the comments I like the rally of the blue collar folks!
I think true fans enjoy going to games because their passionate about their team. You could make people pay to watch a live game between Bama and LSU on a high school field and people would probably pay top dollar still. I would go…you would actually be close enough to see what’s going on too
I am dreaming but I would love to watch Bama vs LSU on a practice field at night with the lights on and no refs(ahh) just watch two great teams go at it. That would be pretty cool to see. I think you would see a different side that would be refreshing. No media, no awful commentors and no fake hype, no social media, no garbage just football
can you imagine the ticket price if you had those 2 teams play in a 5-10k seat stadium?