SBD/22/Facilities Venues

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  • BIG GEORGE'S TITLE DEFENSE COULD COME IN THE GARDEN

         "Madison Square Garden, out of the boxing business for more
    than 18 months, would like to return to boxing in a big way --
    with George Foreman's first title defense."  MSG  President Dave
    Checketts "floated" the idea to Seth Abraham, President of Time
    Warner Sports.  But Bob Arum, Foreman's promoter, quickly shot
    down the deal: "George is not going to subject himself to the 11%
    state and city taxes you have to pay to fight in New York."  But
    Checketts still hopes to land Foreman: "The crowd treats it like
    a big event and I know George loves New York" (N.Y. POST, 11/22).
    Abraham said the  Astrodome or Superdome are "more appealing" to
    Foreman (Richard Sandomir, N.Y. TIMES, 11/22).
    

    Print | Tags: Cablevision, Facilities, Madison Square Garden
  • GIANTS TO STICK AROUND BY THE BAY

         The S.F. Giants extended their lease at Candlestick Park for
    five years.  The deal would be in effect through 1999 with an
    team option to extend it to 2004.  The team will retain an escape
    clause pending the sale of the team, and will also pay up to
    $600,000 annually in security cost.  The rent on the facility
    will be $1.5 million (Mult.,11/22)
    

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  • STATE OF THE STADIUM: THE BIG SOMBRERO

         The sale of the Buccaneers has raised questions on the
    viability of Tampa Stadium.  This week the Tampa Sports
    Authority, the council that owns and manages Tampa Stadium,
    disclosed a $40M renovation plan in an effort to keep make the
    team more attractive to local investors.  Officials have also
    begun floating possible public funds for renovations.  Today, THE
    SPORTS BUSINESS DAILY looks at Tampa Stadium.
    STADIUM: Tampa Stadium, Tampa, Florida
    AGE: Built in 1967
    CAPACITY: 74,301 – 8th highest in the NFL.
    OWNERSHIP: Owned and managed by the Tampa Sports Authority.
    LUXURY BOXES: 59 – owned and operated by the team.
    COST: $4.1 million, paid for by bonds in 1966
    RENOVATION: $10 million renovation in '76, a $1.5M in '90.
    CONCESSIONS: Volume Service Catering – 50% of sales goes the team during games, 27.5% for non-Buc events.
    PARKING: 11,000 parking spots – $5 a car. Team splits parking revenue with the Authority 50/50 for Buc events. For non-Buc events, team get 27.5%.
    ADVERTISING: The team pays a $50,000 annual fee for advertising rights. They receive all advertising revenue.
    RENT: $930,000 – 19th highest in the league. The team also pays a $300,000 annual skybox maintenance fee to the Tampa Sports Authority.
    LEASE: Expires in the 2000.

    (Source: Barbara Casey, Tampa Sports Authority; rent figure from a Florida Times-Union article on July 24, 1994).

    Print | Tags: Facilities, NFL, Tampa Bay Buccaneers
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