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STATE OF THE NFL STADIUMS: RIVERFRONT STADIUM
Published November 2, 1994
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.|
Sports Service, Inc. - of the 100% net revenue,
approximately 90% goes to teams, 10% goes to stadium.
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|
(Sources: Glenn Redmer/Stadium Manager, rent and public subsidy figure from Florida Times-Union article, July 24, 1994.)