If there has been one public or private facility which
caters to the public at large, and which stands out as having skyrocketed in
cost in recent years, it is the Stadium. Stadiums have become larger and more
sophisticated, featuring climate control, state of the art sound and lighting
systems, luxury corporate seating, as well as many other very expensive
features. The site alone, for many sports facilities, routinely runs into many
millions of dollars. This is the case, not only for major sports franchises, but
also for smaller local Stadiums to a lesser extent. In the early 2000s, Professional Football
Stadiums were costing in the low hundreds of millions of dollars. In the second
decade of the century, costs have now reached the one billion mark and they are
still climbing. In such a changing market, a Real Estate Appraiser not only
must understand how to perform a Stadium appraisal but, also how to perform
accurate and timely research.
The staff and appraiser network at ELLIOTT® understands
Stadiums and how to conduct proper market research. We stand ready to perform
Stadium Appraisals anywhere in the United States.