Regardless of what’s going on in the economy, the sports stadium market seems immune. IbisWorld estimates that U.S. construction demand over the next five years will increase annually by nearly 2 percent to $12.3 billion. Worldwide that annual growth is projected to be closer to 22 percent and hit $18.2 billion in 2025, according to Mordor Intelligence. Turner Construction's Dewey Newton discusses trends in sports stadium renovation and construction with BD+C's John Caulfield. Newton is a Senior Vice President who heads up Turner Construction’s Sports Group.
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The interview topics include:
- What is the current state of demand for sports venue construction and renovation, and where is that demand coming from primarily?
- What kinds of amenities are now “must haves” in sports venues?
- Why is “desired atmosphere” rather than fan experience the first thing clients ask about?
- What factors are determining whether sports venues are enclosed or open, and which preference is Turner getting greater demand for?
- More sports stadia and arenas are being built as part of larger entertainment districts. Is Turner seeing this as a trend?
- To what extent is Turner seeing demand for e-sports venues?
- Will sports betting soon take place within sports venues?
- What technology we'll see in future stadiums to attract younger viewers – and the associated cost/revenue considerations
- Will touchless lead to a superior service experience?
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