Quote:
Originally Posted by valo403
The major renovation to Spartan Stadium (which looks to have a fairly similar basic setup to McMahon, although I'm not an architect), adding 24 luxury suites, 800 club seats, a "Grand Entrance", 18,000 sq ft concourse, office space, recruiting lounge, bathroom renovations and 3,000 additional seats cost $64mil in 2005. They have since revamped the audio system and installed state of the art video boards at a cost of $10mil. This week they announced plans to construct new locker rooms and media facilities along with more bathroom and concourse space for $20mil. So $94mil for a stadium to be considered well up to par for the Big Ten.
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Don't forget - Spartan Stadium has a history and a legacy that McMahon Stadium does not. We've been putting in about $15M only... big difference.
If you're going to put $100M into a renovation of an old facility, you might as well find investors for another $100M-$150M, to build a covered stadium that can allow for larger crowds inside (a necessity for professional franchise growth in Canada given our crappy weather, IMO), make it MLS capable with grass fields, and put an MLS franchise in there. Other events will come as a result.