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SBD/15/Facilities VenuesPrint All
The $32.5M budget for the roof, ceiling, and structural repairs to the Kingdome will reach $51M before the project is completed early next year. The figure, released by King County officials, does not include payments to the Mariners or the Seahawks, payments which could exceed $6M. Almost half of the extra cost of repairs ($8.5M) is safety-related. King County Exec Gary Locke said if $51M is what it takes to finish the job, "that is what we will have to do." But County Councilman Pete von Reichbauer "attacked the credibility" of acting Kingdome Director Dick Sandaas and said he will fly in roof experts from "back East" to review the work. Von Reichbauer also threatened to hold up additional funds until he "gets some answers." How the county will finance repair costs and tenants claims remains undecided, although Locke has suggested extending the hotel-motel tax, a Kingdome admissions tax, and a car rental tax (George Foster, SEATTLE POST-INTELLIGENCER, 11/15).
Editorials in this morning's WASHINGTON POST and WASHINGTON TIMES comment on the delay in plans for a downtown area in Washington to further review the proposal of BET President Robert Johnson. The WASHINGTON POST urges the city to go with the proposal put forth by Abe Pollin and the National Capital Development Corp. (NCDC): "The original proposal includes one essential factor that is so far missing in Mr. Johnson's counteroffer: the Bullets and the Caps" (WASHINGTON POST, 11/15). The TIMES credits the city for "prudently put off making a final decision" on the arena, adding that Pollin's proposal to bring his teams into the city in a publicly financed arena "leaves the city wide open to unpredictable costs and other problems. ... The one thing the District can afford to do is take its time creating more debt for itself" (WASHINGTON TIMES, 11/15).
Seattle's Kingdome reopened its doors last week after the extensive repair job on the facility, as the Seahawks played the first part of their season at the University of Washington field. In 1985-86, the Mariners and Seahawks signed a unique lease arrangement that gave the Seahawks marketing rights to all the luxury suites, and the Mariners control of advertising. This was based on 10-year projected revenue enhancements that would be equal in value. The Seahawks handle marketing of the suites for every Kingdome event and receive 10% of sales and 50% of net revenue. The following profile is one of a continuing series of the NFL's infrastructure.STADIUM:The Kingdome, Seattle, Washington
AGE: Completed March 27, 1976 CAPACITY: 66,000 -- 7th lowest in NFL. OWNERSHIP: Owned and Operated by the King County Government. COST: Cost $67 million - $40 million paid in bonds. The restin loans and private donations. LUXURY BOXES: 48 -- 50% of the income to the Seahawks, 40% to the Mariners and 10% to the county. CONCESSIONS: Ogden Services -- team gets 30% of food and beverage and 52% of banquet and catering. PARKING: Three lots with 4,000 spots. $6 car, $5 car pool. Seahawks get no parking revenue. ADVERTISING: Mariners control stadium advertising. Stadium gets approximately $230,000 - $250,000 annually. RENOVATION: $32-34M renovation project to repair the roof. RENT: $1.16 million -- 15th highest in NFL. LEASE: Lease for the Seahawks expires in 2005.
(Sources: Tom Long/Kingdome; rent figure from Florida Times Union article, July 24, 1994.)