Sports franchises are determined to wow fans with ever more exciting game day experiences—in modern facilities. Negotiations and plans are underway for new stadiums in regions around the country. Looks like Nashville Soccer Club’s Geodis Park might not top “new” and “expensive” lists for long.
Getting In On The Action
New stadiums seem to have a magical appeal and sports franchises know it. As Construction Dive shares: “Franchises now look to create large, comfortable outings at mixed-use venues, cultivating a culture that makes attending the game more of a spectacle.” Among the features everyone’s craving is being up close to the action—as at the just home to the Nashville Soccer Club which say’s of it’s arena: “The 30,000-seat stadium is the largest soccer-specific stadium in the United States and Canada, featuring a 360-degree canopy, a 65-foot-wide shared concourse and a safe standing supporter’s section. With just 150 feet of distance between the last row of seats and the touchline, GEODIS Park offers an electric match day experience bringing fans closer to the action than ever before.”
Next in the line of interesting soccer stadiums could be the Railyards Stadium in Sacramento, California, which is scheduled to open in 2023, right in time for the home opener of the expansion team, Republic FS. Although local investors are funding the
$252 million stadium, being designed by Manica, the Sacramento City Council has approved the project and committed $33 million toward infrastructure.
Negotiations, plans and contracts are in motion all around you. Whether the local pee wee team is getting a new ball field, the high school’s getting a new gym or the big leagues are amping up, why not get in on the action? Let Colonial Surety help you make more happen in your home region. We’ve made bonding easier—and more confidential than ever. Obtain, manage and monitor needed bid, performance and payment bonds faster then ever. Once approved for The Partnership Account® with Colonial, you’ll:
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Nice To Know: Engineering Excellence
The challenges involved in building stadiums tends to keep many builders out of the game. For one thing, there’s an arena full of stakeholders for constructors to please. Fans, home team management and advertising sponsors all want a say in the action. Public officials—representing taxpayer dollars of course have a big role too. Negotiations, plans and commitments can take on lives of their own when it comes to stadiums. But, as Mortenson’s Mark director, Andy Hardy says: “The reward is when you are part of one of these builds and dedicate years of your life to its success and get to show up for the first game and see the smile on the owner’s face and the excitement of the fans. The roar of the crowd as the team leaves the tunnel for the first time in a new stadium is amazing.”
The Buffalo Bills hope to be playing in their new stadium in 2026—the same year the Cincinnati Bengals lease at Paul Brown Stadium expires. No wonder they’ve begun pondering $483 million in stadium upgrades! Another team looking toward a special home opener in 2026 are the Tennessee Titans. Anticipating a cost of roughly $2 billion, the Titans already have Manica Architecture, based in Kansas City working on initial concepts.
Much is possible—and successful builders everywhere in the country are getting an edge—and a surety line of credit in writing—with The Partnership Account for Contractors® from Colonial Surety. As a direct underwriter of bonds based on the strength of financial statements, we give builders power of attorney to issue their own bid bonds. Plus, we provide a rich array of complimentary services, including: direct access to performance and payment bonds on a customized dashboard; real time tracking of bids and work on hand—and immediate access to Colonial’s lead underwriter as new opportunities emerge.
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Founded in 1930, Colonial Surety Company is a leading direct seller and writer of surety bonds and insurance products across the USA. Colonial is rated “A Excellent” by A.M. Best Company and U.S. Treasury listed.