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.)