Upgrading aging venues and the rise of mixed-use developments, which has piqued the interest of third-party financiers, are heating up the sports facility finance market.
[…] despite what’s now nearly two years of worsening macroeconomic headwinds, industry experts say that they’ve never seen so many facility projects happening at once.
Brailsford & Dunlavey President Chris Dunlavey highlighted that the last few years of economic uncertainty has proved to be a challenge. “It’s stabilized a bit now, but we’ve seen so much inflation — in the construction market it’s called escalation — and at the same time interest rates have gone up dramatically,” he said. “I think the demand is coming almost in spite of financial conditions.”
This is an excerpt from an article originally published in Sports Business Journal. To read the full piece, click here.