Construction Forecast: Sports and Leisure Facilities PDF

Construction of amusement and recreation facilities likely will be slower in 2003 due to reduced public and private funds available, a still weak economy, and reduced leisure travel — especially over long distances. The value of amusement and recreation spending was $16.8 billion in January 2003, 12.1% less than during January 2002. Spending on high profile, “alumni pleasing” construction projects like university stadiums and public art galleries did well in 2002, but that probably won’t be repeated in 2003.