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Winston-Salem to Get New Sports and Entertainment District Read the full article below..

??? "Minnesota Vikings stadium is easily one of the most underrated stadiums in all of sports, in my opinion. Place is awesome." - JJ Watt When NFL legends recognize the impact of a stadium, you know it’s something special! At Mortenson, we’ve had the privilege of building not only the iconic U.S. Bank Stadium for the Minnesota Vikings but also the incredible Allegiant Stadium for the Las Vegas Raiders and beyond for professional teams across the nation. These projects stand as testaments to the heights that can be achieved when innovation, craftsmanship, and a deep understanding of fan experience come together. What makes Mortenson the premier partner for these mega sports projects? It’s about more than just construction. We bring a passion for creating unforgettable fan experiences, an eye for groundbreaking design, and a commitment to setting new standards in sustainability and functionality. Mortenson's approach to building these large-scale stadiums goes beyond the structure itself—it’s about creating venues that bring communities together, electrify fans, and set the stage for unforgettable moments. From advanced technology and modular design to eco-friendly solutions, Mortenson keeps pushing boundaries. We’re proud to be the partner teams turn to when they want more than just a stadium—they want an architectural marvel that resonates with fans across the country with all the bells and whistles. To all the fans who fill these stands, we’re building this for you. And to the sports teams, we’re grateful to be part of your journey to bring incredible experiences to your fans. Here's to raising the bar on what stadiums can be! ?? #Mortenson #SportsConstruction #NFL #USBankStadium #AllegiantStadium #BuildingDreams #InnovativeConstruction #FanExperience

Winston-Salem to Get New Sports and Entertainment District Read the full article below..

Cincinnati isn’t just a city with sports teams—it’s a city defined by them. From the roar of Paycor Stadium during a Bengals game to the excitement of Great American Ball Park and TQL Stadium, Cincinnati's sports culture creates an undeniable energy that ripples across the city. But did you know this passion for sports impacts more than game-day traffic? Homes and properties near these stadiums often see a boost in value thanks to: ??? ??????????????????????, ?? ?????????????????? ????????????, ?? ???????????? ?????????????????? Take The Banks area, for example: once an underutilized space, it's now a vibrant hub for living, working, and playing—all thanks to Cincinnati’s sports ecosystem. As sports continue to thrive here, the property market around these venues evolves too, creating opportunities for homeowners and investors. ?? ? ??? #CincinnatiSports #RealEstateInsights #CincyLiving #BengalsNation #TQLStadium #PaycorStadium #LocalPride #RedsStadium

Winston-Salem to Get New Sports and Entertainment District Read the full article below..

Stadiums are Evolving ??? In my latest SBAJ article, I explore how stadiums like NYCFC’s Queens development and the Bucks’ Deer District are redefining fan experiences and reshaping urban spaces ??Read here: https://lnkd.in/er_qzTp6

I noted the 28% reduced player injury rates in stadiums using natural grass versus artificial turf. Still many questions surround the Brook Park Cleveland Browns football stadium project and the hope for a new dome fitted facility loaded with high tech gadgetry, ample parking, retail shops and cafes located just 22-minutes South of downtown Cleveland, Ohio. The cost to build a new football stadium at Brook Park is estimated at $2.5 Billion. While a renovated stadium staying at the current location along the waterfront in downtown Cleveland is estimated at $1.2 Billion. Although most agree creating a new multi-functional dome stadium to host events such as live music concerts, trade shows and professional conferences year-round could add significant economic benefits for Greater Cleveland, Ohio. And The Haslam Sports Group, owner of the Cleveland Browns has acquired the 176-acre Brook Park property in Berea, a central location, close to the Hopkins International Airport with an existing high traffic infrastructure. Review More Insights on the Browns stadium project and Potential Investment Partners - Click Here https://lnkd.in/gMwYcVE8 #stadium #football National Football League (NFL) ESPN #jimmyhaslam #Cleveland #Ohio

Local CLE Take: Browns Stadium moving off the lakefront is the best thing for the city of Cleveland and Northeast Ohio. Ideally, the stadium would be rebuilt on Scranton Peninsula, driving further infill development along the river, in the heart of the city. But since that doesn't seem possible, the second best place is in Brookpark. 1) The opening of the lakefront in the heart of the city will drive massive residential and commercial development. This must be a priority. 2) While the emotional loss of the "muni-lot" lore and restaurant traffic will be a tough pill to swallow, the reality is: Browns' stadium drives 10-15 days worth of business to downtown. Replacing that with year-round, sustainable traffic from a revitalized lakefront will dwarf this in 5 years. 3) Even though Brookpark is a different municipality, its direct proximity to the municipally owned Hopkins Airport will create a MASSIVE opportunity to drive much-needed improvements to the functional layout and operation of a major regional asset. Major civic investments like this are a regional opportunity. City and civic officials should not view this as a zero-sum game. CLE stands to gain massive value and finally rectify poor planning decisions that have blocked access to the lakefront. Holding onto something just because it's always been that way, doesn't make it best. Let's dream bigger than "what was"! https://lnkd.in/esuNsdbR

One popular commercial real estate trend we’ve been watching closely —and been involved in —is stadium anchored mixed use development, which is when professional sports teams or colleges build new stadiums and nearby commercial real estate districts and maintain ownership in the real estate to generate revenue and help finance the stadium. Here in Chicago, four of our hometown sports teams, the Chicago Bears, Chicago White Sox, Chicago Fire FC and Chicago Stars FC, want to build new stadiums and surrounding mixed used districts, while our Chicago Bulls and Chicago Blackhawks plan to develop a $7 billion entertainment district near their shared stadium, the United Center. Because stadium anchored development is having such a significant impact on commercial real estate, professional and college sports and community and economic development, we’ve been covering the subject in an on-going blog series. Part 3 is on the history of sports stadiums in the US, public funding of sports stadiums and the traditional stadium revenue model, all of which have played a role in the rise of stadium anchored development. You can read it at?https://bit.ly/3pYSo79 #commercialrealestate #stadiums #stadiumanchoreddevelopment #sports #sportsbusiness #arenas #mixedusedistricts #sportsrevenuestreams

Green light for Jacksonville Jaguars ‘Stadium of the Future’ Jacksonville City Council has voted to approve the Stadium of the Future deal between the City of Jacksonville and the National Football League (NFL)’s Jacksonville Jaguars. The 19-member council approved the projected $1.4 billion renovation by a 14-1 margin with two abstentions.?The stadium deal must be approved by?NFL?owners at their fall meetings in October. The agreement marks a critical step in a process that the?Jaguars?have worked toward for at least four years. The agreement will see the Jaguars and the city contribute $625 million each to the project, with the stadium undergoing major renovations. Work will get underway in 2026. The renovation will transform?EverBank Stadium?into a modern, state-of-the-art facility. The Jaguars originally announced plans for the renovation in the summer of 2023. The?Jaguars?said in a statement: "We’re excited that the City Council has approved this historic agreement that will keep the Jaguars in Jacksonville for decades to come, enhance the fan experience for NFL and non-NFL events, and provide a springboard for downtown growth starting with the completion of world-class riverfront parks. "The other portions of the community benefits agreement represent a once-in-a-generation opportunity to improve the quality of life for citizens across Jacksonville. We remain committed to working with the City Council to pass those pieces of the package when they return in July." Shad Khan, Owner, Jacksonville Jaguars, said: "The belief and determination of Delores and Wayne Weaver to make the Jacksonville Jaguars a reality more than 30 years ago was reaffirmed today by the leadership of Mayor Donna Deegan, her team and the Jacksonville City Council. The message then, and now, should be clear. Never doubt Jacksonville!" For the full story, go to: https://lnkd.in/esDf5ypD #nfl #sportsbiz #sportsindustry #stadia #stadiumdesign #sportsvenuebusiness #sportsvenuebiz #svblive Sports Venue Business SVB LIVE John Sheehan The Sports Networker