The city of Auckland Australia conducted an assessment of the costs and benefits associated with building a waterfront stadium and in its reports stated that the projected costs of construction initially stated at $500 million would in the end actually cost $1 billion and that this amount would construct eight high schools and simultaneously Auckland opted out of the stadium construction proposal.
SUMMARY and CONCLUSION
Construction of a new stadium is a serious issue and there are a great many factors that must be taken into consideration and those factors have been noted in this study. Unless there is no stadium existing in the city in which a new stadium is being considered and there is no other option but to build a stadium then due to the reasons set out in this report construction of a new stadium is a no-win situation financially as well as otherwise for the community in which new stadium construction is being considered.
Bibliography
Marchek, Jason (2004) Minor League Baseball Stadium Construction: A Primer on the Key Issues and Considerations....
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