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  • COST OVERRUNS AT THE KINGDOME CONTINUE TO RISE

         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).
    

    Print | Tags: Facilities, Seattle Mariners, Seattle Seahawks, Vulcan Ventures
  • DELAY ON DC ARENA PLANS DRAWS EDITORIAL ATTENTION

         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).
    

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  • STATE OF THE STADIUM: DOME, SWEET DOME

         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.)

    Print | Tags: Facilities, NFL, Seattle Mariners, Seattle Seahawks, Vulcan Ventures
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