Developing a $ 1.9 billion professional football stadium down the street from your current business location is usually a good thing. There are always those who can get an increase in the value of real estate due to the location of the stadiums, but then realize that traffic from a new place can destroy their ability to conduct business or it can make renting their building to a tenant or tenants more difficult. You can have a huge increase in the market value of real estate, and you still lose your tenants or lose the utility of your building to use it at the same time.
Appraisers always ask: “How much can I expect an increase in the value of real estate?” This is not something that can be easily answered, because, as you know, each property is different, and each of them will more or less benefit from the development of the stadium.
If you have a single-family dwelling house located 5 miles from the planned stadium, I would not hold my breath regarding the assessment, there may be great entertainment for you at the stadium if you can afford to pay for it, but you most likely , pay more taxes for its construction than you will ever get from your home.
The dome stadium, planned for Las Vegas, will be developed west of Interstate 15 and, thus, west of the Las Vegas Strip in an area dominated by smaller existing industrial buildings.
Thus, it is likely that many industrial facilities located near the planned domed stadium are likely to grow over the next few years. If you look at another professional studio dome, but they can not offer you many options. ms, I have, you find that there is (look at the AT & T stadium in Arlington, Texas, for example) from 30 to 50 restaurants surrounding it. Las Vegas is full of restaurants based on the Strip, but fans traveling to the dome want to get in with a strip to get some food? Yes, they will sell you food inside t
Industrial land is often sold in Las Vegas for about $ 10 per square foot, but the restaurant's fast food sells for less than $ 25 per square foot. It looks like there is growth potential for those who want to transfer their facilities from industrial to commercial, and most of the area around the proposed dome stadium in Las Vegas is already planned for commercial use for commercial purposes.
Arrowhead Stadium in Kansas City, Missouri, is isolated from most private developments, while Bank of America Stadium in Charlotte is isolated by highways. The Los Angeles Chargers Stadium (StubHub Center) is adjacent to Cal State University and still has about 15 fast food restaurants.
Properties must be assessed on a case-by-case basis, and owners must monitor the intersection of areas near the planned stadium. If the stadium were planned for the Strip side of the highway, there would probably be much less room for development, given the relatively high prices from the Strip, but there are more opportunities to the west of I-15.
The transition from small industrial users to stadium-related use will provide an opportunity for current owners and investors who can benefit from being close to the stadium.
