Chris Evert Places Boca Raton Estate On Market Syracuse Wrapping Up MetLife Stadium Deal LA 2024 Bid Gets $250M Guarantee From State Concerts Expected To Boost U.S. Grand Prix Crowds Chargers Will Not Build Stadium In Mission Valley Epstein's Deal With Cubs Serves As Benchmark UFC Brings 23 Celebrity Investors On Board MLB Game Viewership Lower On ESPN ESPN Negotiates Out-Of-Home TV Deals ScoreBig Providing Order Sources Amid Financial Woes
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Blockbuster Entertainment's formal application to build a sports and amusement park is being met with a "barrage of criticism from regulators who must give their OK before construction can begin." Transportation officials say the company used a "flawed method to calculate the park's potential impact on traffic." County planners say the company's proposal to build on-site housing is "too sketchy to evaluate." Environmentalists suggest the company is "more interested in using wetlands as landscaping" than as habitat for wildlife and filters for So. FL's drinking water. Each agency with a say in improving the project has until the close of business today to comment on Blockbuster's application. Dade and Broward counties and more than a dozen state regulatory agencies are charged with reviewing the application, which outlines the company's plans to build a hockey arena, baseball stadium, water sports park, golf courses, hotels, shops and restaurants on a 3,088-acre site (Corbett & Zaneski, MIAMI HERALD, 11/2).
Yesterday's SPORTS BUSINESS DAILY reported on discussions in Cincinnati about a new stadium for the Bengals or the Reds. Cincinnati City Manager John Shirey said last week that whichever team which does not get a new facility would have to accept a major renovation project to Riverfront. Today, we continue our look at NFL facilities with a profile of Riverfront Stadium.
STADIUM: Riverfront Stadium, Cincinnati, Ohio AGE: Completed in 1970. CAPACITY: 60,000 - 5th lowest in the league LUXURY BOXES: 20 -- owned and operated by the city. OWNERSHIP: Owned by Hamilton County. MANAGEMENT: Managed by the city of Cincinnati. COST: $44 million, paid for by County revenue bonds. DEBT: There is approximately $25M in outstanding debt. CONCESSIONS: Cincinnati Sports Service, Inc. - of the 100% net revenue,
approximately 90% goes to teams, 10% goes to stadium.
PARKING: 3200 garage spots at $5, 1800 spots at $3.50. All
revenue goes to the team.
LEASE: Teams lease expires in 2010. ADVERTISING: Reds handle all advertising. RENT: $1.32 million -- 12th highest in the league PUBLIC $: Zero.
(Sources: Glenn Redmer/Stadium Manager, rent and public subsidy figure from Florida Times-Union article, July 24, 1994.)