Seattle's Kingdome reopened its doors last week after theextensive repair job on the facility, as the Seahawks played thefirst part of their season at the University of Washington field.In 1985-86, the Mariners and Seahawks signed a unique leasearrangement that gave the Seahawks marketing rights to all theluxury suites, and the Mariners control of advertising. This wasbased on 10-year projected revenue enhancements that would beequal in value. The Seahawks handle marketing of the suites forevery Kingdome event and receive 10% of sales and 50% of netrevenue. The following profile is one of a continuing series ofthe 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 Unionarticle, July 24, 1994.)