Posted Jul 18, 2017, 12:43 AM
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Join Date: Sep 2011
Location: Dallas
Posts: 2,221
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Texas on tap for new U.S. Cricket stadium with help of JLL
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Dallas-Fort Worth could get another major sports team added to its roster as part of a $2.4 billion venture to launch another U.S. sports league, which would be the biggest pitch since Major League Soccer.
Global Sports Ventures LLC, which announced it planned on establishing a professional cricket league in the United States, hired JLL's sports and entertainment group to find attractive development sites in eight U.S. cities, including Dallas-Fort Worth.
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If the sites are found, these cities could be home to a cricket-specific stadium and a mixed-use development as early as 2020.
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Dallas-Fort Worth will be a big contender for the planned Texas charter location.
Other charter cities or regions include: New York, New Jersey, Florida, Washington, D.C., Georgia, Illinois and California.
Upon its launch in 2020, the U.S. Cricket League plans to expand in four to six additional markets.
The first eight stadiums and their surrounding developments are expected to cost Global Sports Ventures $2.4 billion and create 17,000 jobs. Each development could have a cricket stadium, club house, restaurants, hotels, retail, residential and office space.
JLL's International Director David Demarest said the brokerage firm has already begun its site selection and is reviewing multiple sites within the targeted cities.
The stadiums are expected to cost $70 million to $125 million, with ancillary costs of $80 million to $100 million for the mixed-use developments accompanying the cricket stadiums.
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