How will values increase with the Rams’ new stadium?

There’s an old saying about economic phenomenons that “a rising tide floats all boats.” This saying is based on the notion that everyone benefits from good economic conditions. Such may be the case with the new home of the Los Angeles Rams.

For the uninitiated and those who are not sports fans, the National Football League has not had a team in Los Angeles since the Rams left for St. Louis before the 1995 season. But when the NFL approved the Rams relocation to Southern California in January, and with the announcement of a new stadium to be built near the former Hollywood Park race track, interest in real estate in Inglewood has grown dramatically.

The current real estate surrounding the future stadium consists of strip malls, body shops and parking lots, all of which can ostensibly be bought at a bargain (right now) to be converted into new properties. Essentially, the basic principle of real estate holds true here: buy land at a low price and let it appreciate over time. Indeed, renovating such property at a reasonable price can increase its value tremendously.

With that, the possibilities of commercial and mixed-use properties near the stadium already have investors salivating at what they can do near the future stadium. The stadium will not be ready until the 2019 season, but when completed, it will likely be the largest and most expensive venue in the NFL.

The tide appears to be coming in for Inglewood, and it remains to be seen how industries (especially real estate) will rise in the meantime.

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