SBD/2/Facilities Venues

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  • BLOCKBUSTER PARK PLANS "SLAMMED" BY REGULATORS

         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).
    

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  • STATE OF THE NFL STADIUMS: RIVERFRONT STADIUM

         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.)

    Print | Tags: Cincinnati Bengals, Cincinnati Reds, Facilities, NFL
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