22 Twitter Roc Nation To Represent Geno Smith Sports Business Awards Honor Reinsdorf At Bat App Hits 6 Million Downloads TaylorMade Distances Itself From Garcia NYC FC Names Reyna Dir Of Football AAC Incumbents Get 60% Of Realignment Funds NYC FC Owners Still Hopeful On Queens Stadium NYC FC Key To Building Man City Brand
Sections
SBD/7/Facilities Venues
Print All-
DEVELOPER PUSHES NEW BOSTON STADIUM PLANS
Boston developer Joe Corcoran is pushing his $800M plan for a convention center, baseball park, and football stadium in an area called Crosstown. The Red Sox and Corcoran's group have been talking "behind the scenes" for months. Red Sox CEO John Harrington: "We want a new ballpark and when these labor problems are over in baseball, we will focus a lot more attention on that." Corcoran's idea is to have the Sox "develop their own stadium with their own investors." The Boston Redevelopment Authority was to begin talks this week on a convention center and sites for the teams (Will McDonough, BOSTON GLOBE, 10/6).
-
PACKERS MAY BE LEAVING COUNTY STADIUM
The Packers must decide in January on whether to renew the lease at County Stadium. The Packers play four games in Milwaukee, but lose an estimated $1.6M a game on ticket sales, higher rent and and a cut in concession revenue. Packers President Bob Harlan is holding off on a decision, waiting to see if Milwaukee builds a new stadium, but stadium plans are on hold until the baseball strike is settled. "The betting around Green Bay is that Harlan will not renew the lease," which would create a problem of what to do with the 48,000 season ticket holders in Milwaukee, "few of whom have tickets to Lambeau Field, which has a separate ticket list and is sold out for every game" (Paul Attner, THE SPORTING NEWS, 10/10 issue).
-
SAINTS DEAL HAS UNIQUE "ESCAPE CLAUSE"
In an examination of the new stadium deal between the Saints and the Superdome, Jeffrey Meitrodt writes that an "unusual part" is the escape clause. If, for whatever reason, the team leaves New Orleans before 2006, Saints owner Tom Benson would have to pay $25M, after which the penalty would decline by $1M per year providing for a minimum penalty of $13M. Under the previous deal, the most Benson could be penalized was $1M. The new lease runs through 2018 (New Orleans TIMES-PICAYUNE, 10/6).
-
STATE OF THE STADIUMS: A REPORT ON FOOTBALL'S INFRASTRUCTURE
Last Sunday, NFL Commissioner Paul Tagliabue floated the possibility of the league helping finance a new stadium in the Los Angeles area as a way of keeping the Rams and Raiders from leaving the nation's No. 2 media market. In an interview with THE SPORTS BUSINESS DAILY, Marc Ganis, president of Sportscorp, Ltd., and an expert on football facilities, says that while the Coliseum is a better-than-average facility, the Raiders are at a disadvantage compared to franchises in smaller markets. THE DAILY: Tell us about the state of stadium infrastructure in the NFL. GANIS: Generally, it appears the smaller market locations have new, better revenue-producing stadiums than the larger markets with the older stadiums. You've got two of the best markets in the country, Los Angeles, the No. 2 market, and Washington, the No. 6 market, and those are the only two locations in the NFL that don't have any luxury suites. ... After the Carolina Panthers and Jacksonville Jaguars go through their three years with only a portion of the television revenue, they are going to be better off financially than the Giants, Jets, Bears, Raiders, Rams. That is an anomaly that is a very strange situation. THE DAILY: Why is this? GANIS: You have municipalities that desperately want NFL football, want to secure it or retain it, and will step up to the plate and put up some serious tax dollars to help a stadium be built. In other instances, you have a city like Chicago. The Bears are an incredibly hot property, but there is no credible threat that they will move out of the marketplace. ... There is no incentive to get the public sector to act -- and that is part of the problem in L.A. In Southern California, and the L.A. area in particular, there is a lot to do. Football is not the be-all- and-end-all. ... The idea of spending money on a sports stadium is considered laughable to many political leaders. ... So then, the league is left in a difficult situation where you have teams that are at a financial competitive disadvantage, like the Raiders and the Rams, but they are playing in large markets that are needed to keep the national TV revenue up. THE DAILY: What about Tagliabue's L.A. idea? GANIS: The NFL proposal is realistic. You may just have to look down the road, it is not like in Jacksonville where the day after they got the team, they started reconstruction of the stadium. ... [But] I have heard from some of the owners that if you start helping one financially, where is mine? ... You can certainly see Robert Kraft, who paid something like $150 million for the Patriots, playing in a stadium that is acknowledged by Paul Tagliabue as being poorly located and a poor facility, saying, "It's nice you are helping L.A., but when you are done can you help me please?" -
STATE OF THE STADIUMS II: A PROFILE OF THE L.A. COLISEUM
THE SPORTS BUSINESS DAILY has compiled information on the NFL's stadiums and begins the first of an occasional series of stadium profiles today with the L.A. Coliseum. STADIUM: L.A. Memorial Coliseum, Los Angeles, CA AGE:Completed in 1923. Raiders began play in 1982. CAPACITY: 67,000 for the Raiders (94,000 for USC) LUXURY BOXES: None. The present one-year lease says the Raiders can play '94 rent-free, with 8% of gross ticket sales going towards a fund for possible luxury box development. If luxury boxes are not developed, the Raiders retain the funds. OWNERSHIP:Owned by the City/County of Los Angeles, and the State of California. MANAGEMENT: The L.A. Coliseum Commission, with some duties sub-contracted out to Spectacor Management. RENOVATION:Recent earthquake renovation of $60M from FEMA. '93 renovation of $15M for lower playing field, track removal, 8,400 additional seats, and 2,300 additional spots in the pavilion section. ADVERTISING: All ad revenues sold by the Commission. CONCESSIONS: Volume Services Catering. 40% goes to the stadium, with 50% of that split with the Raiders. PARKING: 7,000 parking spots overseen by the Coliseum. $9 per car. All revenue goes to the state. LEASE:One year lease, expires in August '95 (Source: Sean Karmody/Pat Lynch, L.A. Coliseum Commission)




