Special Report

Most Expensive Stadiums Around the World

Grant Suneson

Detailed findings & methodology:

Many American stadiums are largely funded by taxpayers. Local governments often issue tax exempt bonds to help franchises fund these massive projects. According to the Brookings Institution, the federal government used about $3.2 billion in taxpayer funds to subsidize stadium construction between 2000 and 2016. Brookings in its report and many other organizations have argued that there is little evidence to suggest that these stadiums do much to add jobs, boost tax revenue, or help the local economy.

It appears the trend of billion dollar stadiums will continue. In the next four years, there two NFL stadiums, an Olympic arena in Tokyo, and several new Qatari stadiums for the 2022 World Cup scheduled — all of which will likely cost at least $1 billion.

It can be difficult to find construction cost figures of stadiums in some countries, as governments in China and Russia can be more selective about the information they make available to the public. Many of the figures used for stadiums in those countries are estimates.

Many other stadiums were renovated for an equally high cost. Hockey, baseball, basketball, football, and even college athletics stadiums have undergone renovations worth hundreds of millions of dollars in the past few years. However, only newly built stadiums were considered for this list.