Last year, the Los Angeles Rams' new SoFi stadium in Inglewood finished construction, making it the biggest, most expensive sports stadium ever built. But how has this affected the local real estate market? Just in time for the Super Bowl, The Real Deal's Suzannah Cavanaugh looks at how a new stadium can give surrounding resi markets, the draw it creates for business and the fallout when a team decides to move to another city.
You'll hear from Dr. Mark Rosentraub, the director of the Center for Sports Venues and Real Estate Development at the University of Michigan, Henry Manoucheri, the CEO of Universe Holdings, and Peter Belisle, JLL's southwest region president.
Credit:
“Little economic benefit from new stadium” — Investigative Post interview with Michael Leeds; “Why do taxpayers pay billions for football stadiums?” — Vox