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NFL stadiums across the country could take a major financial blow due to climate change.
A new report from Climate X, a climate risk analytics company, estimates that NFL stadiums could experience up to $11 billion in cumulative climate-related losses by the year 2050. This could mean higher insurance and repair costs, impacts to local economies, and disruptions in the league.
Among the 30 stadiums that were evaluated, some were identified as more vulnerable to 11 natural hazards like flooding, wildfires, extreme heat, and storm surge.
New Jersey’s MetLife Stadium is the most vulnerable, and is projected to incur a total loss of $5.64 billion. This is largely due to its exposure to storm surge and surface flooding. The loss the stadium could sustain is also greater than its estimated replacement cost.
“MetLife Stadium in New Jersey is one venue, in particular, that we’ve projected could sustain pretty severe losses in the future. And the hazards that we identified as large instigators of that damage are surface flooding and storm surge,” Austin Clack, a solution engineer, at Climate X, told The Independent on Friday.
“And so, with that knowledge, you can then move on to choosing certain adaptation measures that might reduce that risk.”
Adaptation measures like setting up better drainage and floodwalls can have a substantial impacts on the losses a venue could sustain.
In California, the Los Angeles Rams’ SoFi Stadium – the most expensive NFL stadium ever constructed – could suffer losses of $4.38 billion primarily due to surface flooding risks.……
www.independent.co.uk
A new report from Climate X, a climate risk analytics company, estimates that NFL stadiums could experience up to $11 billion in cumulative climate-related losses by the year 2050. This could mean higher insurance and repair costs, impacts to local economies, and disruptions in the league.
Among the 30 stadiums that were evaluated, some were identified as more vulnerable to 11 natural hazards like flooding, wildfires, extreme heat, and storm surge.
New Jersey’s MetLife Stadium is the most vulnerable, and is projected to incur a total loss of $5.64 billion. This is largely due to its exposure to storm surge and surface flooding. The loss the stadium could sustain is also greater than its estimated replacement cost.
“MetLife Stadium in New Jersey is one venue, in particular, that we’ve projected could sustain pretty severe losses in the future. And the hazards that we identified as large instigators of that damage are surface flooding and storm surge,” Austin Clack, a solution engineer, at Climate X, told The Independent on Friday.
“And so, with that knowledge, you can then move on to choosing certain adaptation measures that might reduce that risk.”
Adaptation measures like setting up better drainage and floodwalls can have a substantial impacts on the losses a venue could sustain.
In California, the Los Angeles Rams’ SoFi Stadium – the most expensive NFL stadium ever constructed – could suffer losses of $4.38 billion primarily due to surface flooding risks.……
Climate change could lead to $11bn in weather damage at NFL stadiums by 2050
NFL stadiums could be severely affected by the impacts of climate change events like wildfires and flooding in coming decades, says a new report by Climate X
www.independent.co.uk
