Inter Miami will be part of a billion dollar investment
The team owned by David Beckham is one City Commission vote away from striking a $1 billion dollar deal to build a 27,000-seat stadium.
Sports teams in the United States will soon be able to strike a deal to spend at least $10 billion in new stadium projects that will include entertainment such as dining and hospitality. The reason behind this investment is to give NBA, MLB, NFL, MLS and NHL fans a better experience during match days.
All the professional teams in the United States are looking to invest at least $10 billion in building a new stadium or in renovations by 2030. For example the Buffalo Bills from the NFL have already proposed a $1.4 billion project to the city. The SoFi stadium, home of the Chargers and Rams, opened in 2020 and it had a cost of $5.5 billion. That stadium has a performance venue for concerts and a pedestrian walkway.
Other teams that are considering a move of venue or in renovations are the Kansas City Royals (MLB), Tampa Bay Rays (MLB), Washington Football Team (NFL), Chicago BEars (NFL) and Philadelphia 76ers (NBA). “Almost every arena will try to be carbon-neutral going forwards,” Climate Pledge developer Oak View Group CEO Tim Leiweke told CNBC.
Inter Miami’s new stadium
The team owned by David Beckham will be part of this deal and they are one City Commission vote away from getting their $1 billion stadium approved. They are planning on building the 17,000-seat soccer stadium in the Melreese Golf Course Club and it will include a shopping mall, hotel and park.