I saw this link online and it got me thinking.
You’re looking at a recent photo of Eagle Stadium, in Allen, Texas, a northern suburb of Dallas. The stadium, three years in the works, will seat 18,000 when it opens later this month. It’s got two luxury suites, a pro-quality press box, a 3,400-square-foot HD video scoreboard—and tickets will be just $10 a game for the all-bleacher seating. This is Texas football.
An 18000 seat stadium for $60M USD = $75M NZD?
Cost per seat = $4,000 NZD (ballpark)
The new Christchurch stadium is going to cost $500M.
Covered 35000 seat stadium = $500M (from Stuff/NBR)
Cost per seat = $14,000
It just goes to show how poor stadia are economically. $14k per seat means you want to be recovering $1200 – $1400/seat in profit each year to pay for capital costs, planned replacement, maintenance. After running costs and payments to sports bodies, you haven’t got a show of getting that money. Just ask Dunedin how they are going with their forecasted revenue.
Sports venues are important for communities, but a half billion dollar stadium is a big ask. It could also kill the Dunedin stadium, interestingly, by offering a covered alternative closer to a major airport.
I don’t know what the payout from AMI was, but the cost really worries me, particularly when the Cantabs are not renowned for their attendance.
Final note – this can only be used for rugby. No cricket possible. So the days used per year drops again… 8 S15 games, 1 AB test match, 7-8 ITM cup games… it doesn’t add up on the back of my envelope. Not saying they shouldn’t build a stadium, but holy crap that’s expensive for what they are getting.