In 1999, it cost about $290 million to build LP Field, Nashville, Tenn., home to the National Football League’s Tennessee Titans.

Just 15 years later, the cost to build a major NFL stadium has soared to upwards of $1.3 billion, according to Mike Wooley, Venue Solutions Group.

Wooley addressed attendees during the Venue Operations Summit on the topic of Capital Expense Planning.

“When facilities were built around that time, they were built to last about 30 years,” W...

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