Sports facilities range from Olympic and World Cup venues, professional team stadiums, to high school and college facilities. Professional sports team owners often push the envelope in their quest to build excitement for and attendance at their events. Some major residential and resort developers also build record-breaking recreational facilities as drawing cards.The sports construction market sector has suffered along with the overall market downturn in recent years. According to McGraw- Hill Construction Research & Analytics, the value of construction starts of sports facilities in the U.S. has declined from $4.8 billion in 2006 to $2 billion in 2011.Some firms have
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.