BIG MONEY: SoFi Stadium, scheduled to open this summer in Inglewood, Calif., is a $5 billion project. (Getty Images) Latest tech, link to mixed-use projects complicate risk assessment Premium amenities, high-tech features and the continuing trend of situating venues in downtown or mixed-use developments have complicated the task of assessing risk and appropriately insuring stadium projects, experts in the field say. And as project costs have risen, so have insurance costs, which can run anywhere from 1% to 2.5% of the total construction price, according to brokers involved in the field. Unique design elements like see-through ETFE roofs, high-capacity Wi-Fi and telecom systems, mechanisms that move walls, open and close roofs, reconfigure stands or swap out playing surfaces and everything that goes into building them are factors that risk consultants, brokers, underwriters and ultimately owners must take into account. As design and construction have evolved, so has the process of… Continue Reading Insurance Costs Rise With Venue Price Tags
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