US Bank Stadium seems relatively cheap, in hindsight

Turns out 2014 was the perfect time to build a professional football stadium, if you’re into that sort of thing.

Driving the news: Tennessee executives recently discovered that repairing Nissan Stadium in Nashville, where the Titans play, would cost double the original $600 million estimate, as reported by Axios Nashville.

Rollback: The construction of US Bank Stadium took place from 2014 to 2017 and cost $1.1 billion.

  • About $500 million came from city and state grants, which were hotly debated.

The big picture: Nationwide construction costs have risen 50% since 2014, according to a index by MA Mortenson, based in Golden Valley, who built US Bank Stadium.

  • Costs jumped 21.5% between 2020 and 2021 alone.

By the numbers: Other teams, cities and states have felt this increased cost by building new facilities.

  • Mercedes Benz Stadium in Atlanta opened a year after US Bank Stadium at a cost of $1.5 billion.
  • Los Angeles’ SoFi Stadium opened in 2020, at a cost of $4.9 billion.
  • The Allegiant Stadium in Las Vegas also opened in 2020, at a cost of $1.9 billion.
  • The bills provide for a 1.4 billion, outdoor stadium in Buffalo, with $850 million in government grants planned for the project.

The bottom line: $1.1 billion is by no means a bargain, but it could have been much worse.

Editor’s Note: This story has been corrected to reflect that city and state grants covered approximately $500 million of US Bank Stadium’s construction costs, not $600 million.

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