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The cost of building an arena can vary widely depending on factors such as location, size, and the type of events it will host. On average, modern sports arenas can cost anywhere from $100 million to over $1 billion. For example, smaller venues may fall on the lower end of this range, while large multipurpose arenas in major cities can significantly exceed it. Additionally, costs can increase with advanced technology, luxury seating, and other amenities.
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