Construction spending on sports venues has soared over the last few years. In fact, the last three years totalled nearly $17 billion spent to build or renovate sports venues. For 2018, construction spending on this category is expected to total $4.1 billion, a 40% drop compared to the $6.9 billion record high spent on projects that opened in 2017. But, this will likely be a temporary dip as SportsBusiness Journal research has indicated $11.4 billion has already been allocated for projects opening in 2019 or later.
Next year, 2019, is expected to be a record year for major league and minor league baseball stadium construction.