Stadium Construction Discussion (No PSL/Seat selection posts)

[RiotAct]

it’s those solid gold buffaloes in front of the main gate!!!  They should really downgrade to copper.

[Generic_Bills_Fan]

10 minutes ago, Bray Wyatt said:

 

Then how come a more expensive stadium in Nashville only rose 100 mill?

Aren’t they a year behind in the build process?  The overruns will only grow 

[Bray Wyatt]

2 minutes ago, Generic_Bills_Fan said:

Aren’t they a year behind in the build process?  The overruns will only grow 

While that may be true, wouldn't inflation still be just as prevalent and the increase due to that should be somewhat proportional no? That discrepancy is def something other than that imo

[RiotAct]

Just now, Bray Wyatt said:

While that may be true, wouldn't inflation still be just as prevalent and the increase due to that should be somewhat proportional no? That discrepancy is def something other than that imo

may be that the reporting of the numbers and figures are lagging a bit on the Titans new stadium build.  Who knows

[Bray Wyatt]

Just now, RiotAct said:

may be that the reporting of the numbers and figures are lagging a bit on the Titans new stadium build.  Who knows

 

Agree who knows but this is what we do know so far:

 

Original 1.4 is now 2.1 for bills

 

Original 2.1 is now 2.2 for titans

[RiotAct]

9 minutes ago, Bray Wyatt said:

 

Agree who knows but this is what we do know so far:

 

Original 1.4 is now 2.1 for bills

 

Original 2.1 is now 2.2 for titans

Oh I forgot that the original estimate was that much higher for the Titans’ new place, also.

[Ethan in Cleveland]

$2.1B and no dome...absolute travesty

[Saxum]

7 minutes ago, Bray Wyatt said:

While that may be true, wouldn't inflation still be just as prevalent and the increase due to that should be somewhat proportional no? That discrepancy is def something other than that imo

 

Different items bought different times and sometimes builders sign contracts with suppliers for future items and pay ahead of time to freeze costs.

 

When I did my kitchen I told them I could only do it in spring time since I'd have to take most of items out of kitchen while they were working. When went to do installation I got notice prices on items went up 40% from manufacturer and I needed to prepay increase in cost - I told they I fully paid for it last year (6 months ago) and there is no clause in contract allowing them to raise prices due to costs and no clause allowing them to cancel contract due to price rises.  Took a few levels but eventually they honored contract.   When you do that sometimes you can get blacklisted but since I do not ever plan on buying a new kitchen I do not care.

[Mike in Horseheads]

Well now everybody can stop bitching how much the State put in, it will be 25% by the time its finished at 2.4b

[Mike in Horseheads]

3 hours ago, Bray Wyatt said:

 

Agree who knows but this is what we do know so far:

 

Original 1.4 is now 2.1 for bills

 

Original 2.1 is now 2.2 for titans

minimum wage is 7.25 which means labor is at least 1/2 of NYS to start, let them start building and we'll see over runs start on materials

[Process]

$2.1B for an open air stadium in OP is incomprehensible to me. I know... inflation. But we're talking literally 2x the cost of a state of the art, glass domed stadium built in downtown Minneapolis. 

 

I'm sure the place will be awesome. The cost is just mind blowing. 

[Buffalo716]

7 hours ago, SoCal Deek said:

I’m curious about your last part. Construction costs are made up of the cost of labor and material. Most public construction contracts do not allow the Contractor to raise their price mid-schedule for increases in labor costs. (In essence that’s the Contractor’s risk when he signs the contract.) However most have a clause allowing increases for material costs based on market forces obviously beyond the Contractor’s control. What part of labor and material is the State of NY’s ‘piece of the pie’? 

I'm saying there are crooked players in New York State whose hands are in the pot of everything that gets done 

 

If a big real estate deal gets done their hands in the pot 

 

If a big business deal gets done their hands in the pot 

 

New York is a crooked state

 

Not that it was making the cost of concrete higher but I'm pretty sure some people's pockets got lined for getting this deal done

 

Not that it would increase the price by half a billion or even be added to the cost but some people got their pockets lined

 

 

 

Edited Saturday at 08:45 PM by Buffalo716

[GottaRun]

51 minutes ago, Process said:

$2.1B for an open air stadium in OP is incomprehensible to me. I know... inflation. But we're talking literally 2x the cost of a state of the art, glass domed stadium built in downtown Minneapolis. 

 

I'm sure the place will be awesome. The cost is just mind blowing. 

Wind confusion technology isn't cheap ya know

[Breakout Squad]

1 hour ago, Process said:

$2.1B for an open air stadium in OP is incomprehensible to me. I know... inflation. But we're talking literally 2x the cost of a state of the art, glass domed stadium built in downtown Minneapolis. 

 

I'm sure the place will be awesome. The cost is just mind blowing. 

It proves that the Bills should’ve built a new stadium years ago. They could’ve build a Lucas Oil Stadium in OP for 1 Billion. 

[Sabres 2025]

1 hour ago, Process said:

$2.1B for an open air stadium in OP is incomprehensible to me. I know... inflation. But we're talking literally 2x the cost of a state of the art, glass domed stadium built in downtown Minneapolis. 

 

I'm sure the place will be awesome. The cost is just mind blowing. 

 

The numbers are pretty much in line with the new stadiums in LA and Las Vegas. LA was super expensive because of the land, but the actual stadium cost was right around 2B. Allegiant was also around 2B.  US Bank in Minneapolis was built over a decade ago for about 1B. Doubling the price over 10 years is what is pretty much expected.  Dow Jones closed at around 18,000 in 2014. It is now at 43,000 in 2024. Price of gold was $1200 an ounce. It is now $2600 an ounce.

[Matt_In_NH]

7 hours ago, Bray Wyatt said:

 

Agree who knows but this is what we do know so far:

 

Original 1.4 is now 2.1 for bills

 

Original 2.1 is now 2.2 for titans

 would let the dust settle before really comparing.  Lots of factors could be at play.  I believe the Bills stadium is all union labor, is that also true for the Titans?

[WotAGuy]

7 hours ago, Bray Wyatt said:

 

Then how come a more expensive stadium in Nashville only rose 100 mill?

Is the construction as far along as for Highmark?  The costs really ramp up once they are well into the construction phase. It looks like that stadium may be a bit behind Highmark. 

3 hours ago, Breakout Squad said:

It proves that the Bills should’ve built a new stadium years ago. They could’ve build a Lucas Oil Stadium in OP for 1 Billion. 

I know!  If they had built it in 1990, it would have been less than 500 mill. 

[PonyBoy]

On 11/15/2024 at 4:12 PM, Saxum said:

 

https://www.sportspromedia.com/news/buffalo-bills-highmark-stadium-naming-rights-deal-2/

 

Contract:

• The new venue will initially be referred to as ‘New Highmark Stadium’
• Once construction is finished in 2026, it will be named ‘Highmark Stadium’

Context:

• Highmark has owned the naming rights for the Bills’ current home since March 2021. According to Buffalo Business First, Highmark paid US$5.45 million to team owners Pegula Sports and Entertainment, which included money for the naming rights. Sports Business Journal (SBJ), which reported that the Bills were looking for US$6 million per year back in 2021, now states that the new deal is worth more value than the current arrangement.

 

On a side note somewhat.

With Bill Gates, Elon Musk, Bezos, etc...

They could pay $100M a year for stadium naming rights no problem.

Wonder why they wouldn't do this? 

[Saxum]

7 minutes ago, PonyBoy said:

 

On a side note somewhat.

With Bill Gates, Elon Musk, Bezos, etc...

They could pay $100M a year for stadium naming rights no problem.

Wonder why they wouldn't do this? 

 

Likely they prefer entity involved locally in Western New York so they will be more active than just wanted their name advertised.

[SoCal Deek]

8 hours ago, Bray Wyatt said:

 

Then how come a more expensive stadium in Nashville only rose 100 mill?

Huh? These are two completely different projects with completely different construction contracts. As I’ve said many times, most mid-schedule cost ‘overruns’ are due to the Owner changing their mind or making an upgrade to the project. After a certain point in the progress they’re not due to what are called ‘unforeseen conditions’. The Bills Stadium is certainly well past the unforeseen conditions point. 

4 hours ago, Buffalo716 said:

I'm saying there are crooked players in New York State whose hands are in the pot of everything that gets done 

 

If a big real estate deal gets done their hands in the pot 

 

If a big business deal gets done their hands in the pot 

 

New York is a crooked state

 

Not that it was making the cost of concrete higher but I'm pretty sure some people's pockets got lined for getting this deal done

 

Not that it would increase the price by half a billion or even be added to the cost but some people got their pockets lined

 

 

 

There’s no doubt that NY State is such a place….but that pocket lining happens when the initial construction contracts are signed; not via what are known as ‘Change Orders’ after construction begins.