October 06, 2008
Mersey beat: Credit crunch stalls Liverpool stadium
It's on the other side of the Atlantic, but the U.S.-spawned credit crisis has apparently claimed one stadium victim: The Liverpool F.C. soccer club reports that it's suspended work on its new stadium thanks to the "turmoil" in the financial markets. "It is a case of a delay while things settle down," club chief executive Rick Parry told BBC News. "It is still a very, very good long term project. The economics of it still make underlying sense."
At least two British rugby stadiums are reportedly kaput for now as well. You'd have to think similar economics would be at work in North America, but so far mum's the word.
Posted by Neil deMause
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