Rams’ New Inglewood Stadium Exceeding $4 Billion
The Los Angeles Rams’ new stadium in Inglewood, California, which is slated to open in 2020, is currently projected
The Los Angeles Rams’ new stadium in Inglewood, California, which is slated to open in 2020, is currently projected to exceed $4 billion.
According to Daniel Kaplan and of the Sports Business Journal, the investment by Rams owner Stan Kroenke and his wife Ann, is more than double the next highest amount paid for an American athletic venue.
So why is the estimated cost skyrocketing? Reasons include access roads, utilities and making sure the stadium could withstand an earthquake, per the report.
When the new NFL Network building is factored in, it boosts the projected total to close to $5 billion.
The fancy new stadium, which is expected to hold a 70,240 capacity expandable to over 100,000 for major events, is also expected to be the new home of the Los Angeles Chargers, but the Rams are the primary equity partner.