Stadium renovations and cost overruns – further recent evidence

By Sam Richardson 08/01/2013

Just a short post here – over the festive season I spotted a couple of stories via Deadspin that readers of this blog might find interesting:

Renovations of Buffalo’s Orchard Park are 84% funded by the public sector, and Vancouver’s BC Place stadium roof replacement ended up costing considerably more than first promised.

Further evidence to show that you can’t always believe what you hear (or read) from stadium proponents. Oh, and it is worth keeping in mind that they should be able to pay for them without public funds. That’s what economists Marc Poitras and Larry Hadley found in this 2006 research (gated JSTOR link, RePEc working paper link).