Apr 25, 2022 - Sports

U.S. Bank Stadium looks relatively inexpensive, in hindsight

vikings stadium inside
Photo: Robin Alam/Icon Sportswire via Getty Images

It turns out that 2014 was a great time to build a pro-football stadium, if you're into that kind of thing.

Driving the news: Leaders in Tennessee discovered recently that fixing up Nashville's Nissan Stadium, where the Titans play, would cost double the initial estimate of $600 million, as Axios Nashville has reported.

Flashback: Construction of U.S. Bank Stadium ran from 2014 through 2017 and ended up costing $1.1 billion.

  • About $500 million came from city and state subsidies, which were hotly debated.

The big picture: Construction costs nationally are up 50% since 2014, according to an index by Golden Valley-based M.A. Mortenson, which built U.S. Bank Stadium.

  • Costs jumped 21.5% from 2020 to 2021 alone.

By the numbers: Other teams, cities and states have felt those rising costs as they've built new facilities.

  • Mercedes Benz Stadium in Atlanta opened a year after U.S. Bank Stadium at a cost of $1.5 billion.
  • SoFi Stadium in Los Angeles opened in 2020, costing $4.9 billion.
  • Allegiant Stadium in Las Vegas also opened in 2020, at a cost of $1.9 billion.
  • The Bills are planning a $1.4 billion, open-air stadium in Buffalo, with $850 million in public subsidies slated for the project.

The bottom line: $1.1 billion is not a bargain by any means, but it could have been a lot worse.

Editor's note: This story has been corrected to reflect that city and state subsidies covered about $500 million of U.S. Bank Stadium's construction costs, not $600 million.

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