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SAINTS LEASE IS DIVINE; WILL STAY IN DOME FOR 25 YEARS
Published September 30, 1994
The Saints have agreed to a deal that will keep them in the Superdome for another 25 years. Under the deal, the team will "pay lower rent and take a larger share of game day concessions sales." The state will also pick up the cost of additional staff at all the team's home games. Details of the agreement: the club will pay about $50,000 a year less in rent under the new agreement, and receive 42% of the sale of certain concessions -- an increase from the current 35%. The "concessions by the state will cost at least" $4.5-5M over the life of the lease (Ed Anderson, New Orleans TIME-PICAYUNE, 9/29).
