Stadiums: How to reduce cost overruns

Eden Gardens Stadium, Kolkata, West Bengal, India

Introduction

While planning a new facility, the design should be informed by several factors including the context, climate, culture and project deadline. A project’s deliverability is also based on having a realistic view of what type and how many events the facility will attract, as well as the project’s budget plans. As revenues are rather inflexible, cost overruns or delays in completion can have a significant effect upon the long-term viability of a scheme.

Buildings for sport and leisure form an integral part of the cities, playing as important a role as education, religion, commerce and industry; the other supporting pillars of the urban society. They generate a sense of community and contentment and as a consequence are designed for and by the people. Therefore there’s a need to feature quality architectural and technological systems. In addition, these projects often encourage other investments in the district by the public sector, in the form of contemporary infrastructure and urban design improvements. As Robert Mankind, NBBJ Sports Specialist correctly states, “Stadiums and arenas don’t work alone, they can act as a catalyst.” Though this may add complexities to the design, contemporary stadia can become community anchors for urban cities establishing and sustaining a revitalized district.

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In India, cricket is the most popular sport. Apart from considering the overall feasibility of the project and support planning and execution of the design, the cost plan is another fundamental component of any business plan. Stadium project teams are concerned with satisfying the needs of four main stakeholders. These can be classified broadly into spectators, players, broadcasting and media, and administrators. The growing commercial development and financial complexity in the sport has now challenged the concept of the stadium as a day-to-day revenue generator. This include projected running costs for the stadium once it has been completed, and other expenditures such as salaries, maintenance and utilities.

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VMS has substantial experience in design of sports facilities particularly cricket stadiums. Considering the partaking of stakeholders in budgetary aspiration in the upcoming 5 part series, we will share our expertise and insights on important considerations for revenue generation while designing and developing new cricket stadiums. Examples of few stadiums designed by VMS will also be shared. Keep watching this space for more.

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