Quote:
Originally Posted by esquire
I'm sure someone will inform me of the exceptions, but by and large stadiums with beautiful exteriors happen mainly when there is a generous political sugar daddy footing all the bills.
|
Always.
Allianz Arena in Munich was financed by Bayern Munich. Local Government changed the land agreement so the two football clubs investing in the stadium (Bayern & 1860 Munich) saved about €70M on land purchasing, whilst Länder government spent €200M on local infrastructure upgrades (subway/highway connections). It should be noted these infrastructure investments had to be voted on, and won, in a referendum.
Bayern's original plan was to pay Allianz Arena's €346M off in 30 years and
they did it in 9 years.
Another example would be
Veltins-
Arena in Gelsenkirchen, home of Schalke 04. The entire €143M pricetag for the Arena was
privately financed.
Emirates Stadium in North London, home to Arsenal, also appears to have been privately financed if my
finance reading comprehension is up to snuff (it may not be).
Anyway, that's my devil's advocate work for the week.
Threaded Mode