FNB Stadium has played host to some of the biggest, most memorable and most popular sports and music events this country has ever seen. Other estimates put the national average at $7,000 for a 200- to 500-square-foot deck. It also holds the bragging rights for the largest video scoreboard in history, which is longer than the football field at 120 yards long. Imagine: SoFi Stadium and the adjoining development was projected to cost $1.86 billion in 2015 and later revised by the Rams to $2.4 billion. Levi’s Stadium: $1.43 billion in today’s dollars. Mutual fund and ETF data provided by Lipper. ©2021 FOX News Network, LLC. Mercedes-Benz Stadium: $1.59 billion in today’s dollars Mercedes-Benz Stadium (Atlanta Falcons): $1.59 billion in today’s dollars I would like to thank the 17,000 people who have worked on this project over the past four years," Kroenke said in a statement. SoFi Stadium, the new home of the NFL’s Los Angeles Rams and Los Angeles Chargers, was officially unveiled on Tuesday after nearly four years of construction and billions of dollars spent. Say hello to the most spectacular addition to this year's NFL season – The SoFi Stadium. The stadium was built to withstand earthquakes, a necessary cost, as California’s seismic activity has been increasing over the past few years. The double-sided scoreboard features 70,000 square feet of digital LEDs on each side and weighs an unbelievable 2.4 million pounds! At $5.5 billion, it’s the most expensive stadium in the world, and entirely privately financed. It also had to be built partially underground to avoid the LAX flight path, so it sits 100 feet below sea level. Even though football is an incredibly lucrative sport, $5.5 billion is a lot of money to spend on a football stadium, especially when other NFL stadiums were built for a fraction of the cost. The most expensive sports stadium ever built is SoFi Stadium in Inglewood, California, which cost $5.5 billion to build. With all of these stadiums having been constructed at different points over the past 20 years, the construction costs have been adjusted for inflation. SoFi Stadium, which came with a price tag in the neighborhood of $5 billion, is as majestic as it is revolutionary. Kroenke is financially responsible for the $5 billion SoFi Stadium, the signature building in his sports and entertainment complex stretching over nearly 300 acres, in nearby Inglewood, Calif. It should come as no surprise that NFL stadiums tend to be the most expensive stadiums to build, especially after seeing that the most expensive NFL stadium cost more than $5 billion. SoFi Stadium was built to accommodate 70,000 football fans at games and up to 100,000 people at special events. Allegiant Stadium: $1.9 billion Rams owner Stan Kroenke poured six years and at least $5 billion into the 3.1-million-square-foot building that looks as if it arrived from another world. The Chargers will play their first regular-season game at SoFi Stadium the following Sunday when they host the Kansas City Chiefs. So will the cost of the ten million worker hours logged by the 3,000 construction workers who built the stadium. In a pre-recorded video message for the ceremony, NFL Commissioner Roger Goodell thanked Kroenke for spearheading the project. Watching professional sports teams compete is one of the most popular forms of entertainment, and it has been for many years. SoFi Stadium at Hollywood Park, the future home of the Rams and Chargers, will cost roughly $5 billion to build, making it the priciest NFL venue by a mile, per the Wall Street Journal. SoFi Stadium, which will cost close to $5 billion and will seat 70,240 for Rams and Chargers games with the ability to expand to approximately 100,000 for larger events, is the centerpiece of a mixed-use development at Hollywood Park that will eventually include retail and commercial office space, a hotel, residential units and outdoor park areas. Qualifying SoFi Money Members are opted into the Program by using their SoFi Money debit card to make a purchase at an Eligible Merchant inside SoFi Stadium. The project is expected to cost just under $5 billion, more than double the average cost for a new NFL stadium. “The NFL can’t wait to move our West Coast headquarters to Hollywood Park next year and be part of this unprecedented project.”, SoFi Stadium will be home to both the NFL's Los Angeles Rams and Los Angeles Chargers. "During a period of unrest and change in many parts of the country, it's been our deepest privilege to work on a project this special with such a diverse workforce. The most expensive sports stadium ever built is SoFi Stadium in Inglewood, California, which cost $5.5 billion to build. It seats approximately 70,000, expandable up to 100,000, with more than 260 luxury suites and more than 13,000 premium seats. This stadium is also scheduled to host Super Bowl LVI in 2022 and the Summer Olympics in 2028. Home » Blog » The 30 Most Expensive Sports Stadiums Ever Built. Mark Mobius weighs in on markets amid inflation fears, Migrants from 70+ countries crossed southern border illegally, West Virginia Attorney General: Biden putting American energy at risk, Joint mortgage vs joint ownership: What to know about a shared home. The first indoor-outdoor stadium to be constructed, SoFi Stadium is the home of the Los Angeles Chargers and the Los Angeles Rams. The indoor-outdoor stadium … The construction costs for SoFi Stadium were more than double those of MetLife Stadium, which was the second most expensive stadium ever built, costing $2.03 billion in today’s dollars. Kroenke Sports & Entertainment, which owns the … SoFi Stadium is one of two NFL arenas opening this season. Yankee Stadium: $1.82 billion in today’s dollars Earnings estimates data provided by Zacks. Los Angeles Rams (NFL) suites are expected to cost more than Los … Inglewood’s new SoFi stadium, home to the Los Angeles Chargers and Rams, is slated to open in July 2020. So it comes as no surprise that the sports industry is as lucrative as it is: It’s now estimated to be worth more than $500 billion. The big picture: Hollywood Park will also feature residences, hotels, retail spaces, public parks, a concert venue and office space. The cost now: an estimated $5 billion. With architecture that is a feat of engineering, technology that … AT&T Stadium: $1.58 billion in today’s dollars Construction on SoFi Stadium began in late 2016 and is believed to be the most expensive sports arena of its kind in history, with a price tag estimated at $5 billion. But that's if they fill each and every seat. UBS Arena: $1.5 billion SoFi Stadium opened in 2020 and is home to two NFL teams, the Los Angeles Rams and the Los Angeles Chargers. The average composite deck price, which is made with recycled wood fibers and plastic, is around $17,668. Building SoFi Stadium: The Architects Look into the concept and design of the Chargers' new home in 2020. Quotes delayed at least 15 minutes. New report ranks the 30 most expensive sports venues Even adjusted for inflation, SoFi Stadium in Inglewood, California, was more than twice as expensive to build as the second most costly stadium. It will be christened by Taylor Swift’s 2020 tour, and may even host the 2020 NFL season opener. Construction on SoFi Stadium began in late 2016 and is believed to be the most expensive sports arena of its kind in history, with a price tag estimated at $5 billion. SoFi Stadium will host its first-ever event this Sunday, when the Rams kick off their 2020 season with a home game against the Dallas Cowboys. Originally projected at a $2.5 billion price tag, SoFi Stadium has seen its cost rise precipitously ahead of its 2020 opening. Single game suite rentals are expected to range from $15,000-$45,000 depending on suite type and event. One season later, the stadium will host the Super Bowl. SoFi Stadium, the new, 3.1-million square foot home of the Rams and Los Angeles Chargers, will host an NFL game for the first time since its recent completion. Lucas Oil Stadium (Indianapolis Colts): $960 million in today’s dollars Lincoln Financial Field (Philadelphia Eagles): $940 million in today’s dollars, Terms & Conditions | Privacy Policy | School, The 30 Most Expensive Sports Stadiums Ever Built. Wembley Stadium: $1.88 billion in today’s dollars The 3.1 million square-foot SoFi Stadium is the largest stadium in the NFL, as well as the first indoor-outdoor stadium. Keep in mind that these estimates are based on a 240-square-foot deck. Levi’s Stadium (San Francisco 49ers): $1.43 billion in today’s dollars The facility will host Super Bowl LVI in 2022. The team at Construction Disputes looked into how much money has been spent on the construction of sports stadiums and created this list of the 30 most expensive stadiums ever built. In June, LITU supported tenants at an action at 919 S. Prairie Ave., directly across from SoFi, in an apartment building recently rebranded as Stadium View complete with new, cheap flipper fence aesthetics. Theoretically, if they're able to fill the stadium with cardboard cutouts, they'd be able to make some $5.6 million, gross, off cutouts alone. Powered and Implemented by Interactive Data Managed Solutions. The three most expensive sports stadiums in the world were built for NFL teams, and football stadiums dominate the list, with 12 landing in the top 30 most expensive sports stadiums ever built. SoFi Stadium is on schedule to open next summer in Hollywood Park ahead of the 2020 season for Los Angeles' two NFL teams. SoFi Stadium opened in 2020 and is home to two NFL teams, the Los Angeles Rams and the Los Angeles Chargers. COWBOYS OWNER JERRY JONES SOFTENS ON PROTESTS, SAYS PLAYERS 'NEED HELP' FROM AMERICA, “When we laid down our expectations for the NFL to return to Los Angeles, we said we would need an iconic two-team stadium and an adjacent entertainment district, and Stan, you have delivered on all of that and more,” Goodell said. SoFi Stadium is expected to cost about $5 billion, making it the most expensive stadium in the country. After that opening week, then you'll be able to purchase them for $80 each. SoFi … This material may not be published, broadcast, rewritten, or redistributed. Unlike SoFi Stadium, which was privately financed, the Raiders received financial help from the city of Las Vegas to get their new home done. The infrastructure for the 70,000 square-foot, two-sided, wraparound 4K HDR scoreboard goes up in preparation to hold 80,000 LED panels, as well as the entire sound system for the stadium–some 260 speakers. An Inside Look at The Construction of A Modern Sports Facility: AT&T Stadium These necessary additions to the infrastructure, as well as the latest technology and updated amenities, will certainly drive up the cost of a sports stadium this large. Company fundamental data provided by Morningstar. AT&T Stadium (Dallas Cowboys): $1.58 billion in today’s dollars MetLife Stadium (New York Giants and New York Jets): $2.03 billion in today’s dollars Singapore National Stadium: $1.44 billion in today’s dollars SoFi Stadium: $5.5 billion This stadium is also scheduled to host Super Bowl LVI in 2022 and the Summer Olympics in 2028. For starters, the average cost to build a wooden deck is around $10,950 —and that’s the low end of the spectrum. Economic data provided by Econoday. Rams owner Stan Kroenke poured six years and at least $5 billion into the 3.1-million-square-foot building that looks as if it arrived from another world. Even in stadiums not allowing fans, maintenance costs are a big expense. The most expensive sports stadium ever built is SoFi Stadium in Inglewood, California, which cost $5.5 billion to build. FAQ - Updated Privacy Policy. SoFi Stadium will be home to both the NFL's Los Angeles Rams and Los Angeles Chargers. MICHAEL JORDAN EYES SPORTS BETTING EMPIRE WITH DRAFTKINGS EQUITY DEAL. The Las Vegas Raiders will begin play at $1.8 billion Allegiant Stadium on Sept. 21. FHFA's new mortgage refinance option could cut payments by hundreds for some homeowners, Biden downplays student loan forgiveness in new report — what to do with your college debt now, 15 of the best mortgage refinance companies for 2021. SoFi Stadium (Los Angeles Rams and Los Angeles Chargers): $5.5 billion Ford Field (Detroit Lions): $950 million in today’s dollars SoFi Stadium is an unparalleled sports and entertainment destination built in Inglewood, CA, by Los Angeles Rams Owner/Chairman E. Stanley Kroenke. All rights reserved. Promotion Period: The Program will be available for all transactions at SoFi Stadium between September 13, 2020 and June 30, 2021. For starters, its floor area covers 3.1 million square feet, making it the largest NFL stadium. Both teams will begin play this season without fans in attendance due to the coronavirus pandemic. Allianz chief economic advisor gives inflation outlook amid growing fears. So why was SoFi Stadium so expensive to build? The new Raiders stadium , for example, was estimated to cost just under $2 billion. The project was privately funded by Rams ownership. Annual suite leases at SoFi Stadium are selling upwards of $1M depending on lease terms. How often should you shop for a new savings account? Originally slated to open in 2019, constructed was delayed by a full year after heavy rainfall interrupted planned work at the site of the former Hollywood Park racetrack. (SoFi Stadium). With millions of fans to impress and plenty of capital to spend, teams and their owners have begun to build much larger and more advanced sports stadiums being built around the world. What are the new rules of value investing? Top officials associated with the project, including Rams owner and billionaire real estate developer Stan Kroenke, Chargers owner Dean Spanos and Inglewood Mayor James T. Butts held a virtual ribbon-cutting ceremony to inaugurate SoFi Stadium. Real-time quotes provided by BATS BZX Real-Time Price. It includes stadiums from around the world, representing a variety of different sports. GET FOX BUSINESS ON THE GO BY CLICKING HERE, "We are in the team business, and you can't get to a moment like today without a great team. Architects and Project Managers from the one of a kind stadium in Inglewood walk you through the entire design process. Market Data provided by Interactive Data (Terms & Conditions). MetLife Stadium: $2.03 billion in today’s dollars Thank you for making our vision a reality.". NOW PLAYING video Building SoFi Stadium: The Design Take an in depth look at the design of SoFi Stadium from the perspective of the architects, seismic designers, senior project managers, and more. U.S. Bank Stadium (Minnesota Vikings): $1.19 billion in today’s dollars Allegiant Stadium (Las Vegas Raiders): $1.9 billion Building SoFi Stadium: The Design Take an in depth look at the design of SoFi Stadium from the perspective of the architects, seismic designers, senior project managers, and more. Dow Jones & Company Terms & Conditions. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM. The stadium was expected to cost around 2.2 billion when the plan was approved in January of 2016.