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STATE OF THE STADIUMS: DOME IS WHERE THE HEART IS
Published November 29, 1994
The Colts have now been in Indianapolis for ten years since leaving Baltimore in 1984. Their home is the RCA Dome, formerly known as the Hoosier Dome before the naming rights were sold by the Capital Improvement Board. The Board was established by the state legislature with appointees representing both the state and city. The Colts receive no revenue from parking, concessions, advertising --and only 25% from luxury seating. But, they pay one of the lowest rents in the league and share little in the way of game-day expenses. Today, we profile the home of the Indianapolis Colts.
|STADIUM:||RCA Dome, Indianapolis, IN|
|AGE:||Completed in 1984.|
|OWNERSHIP:||Owned & operated by the Capital Improvement Board.|
|LUXURY BOXES:||99 luxury suites -- team receives 25% of revenue, Improvement Board 75%.|
|ADVERTISING:||Capital Improvement Board holds advertising rights.|
|SPONSORSHIP:||RCA paid $10M over 10 years for naming rights have renewal clause every five years. Total package $23M over $20 years.|
|COST:||Cost was $75M -- paid for by bonds and corporate donations.|
|PARKING:||2,000 spaces at $7. Leased to private management company, who pays a fee to handle all parking. Team gets no parking revenue.|
|CONCESSIONS:||Service America -- on a management fee. Team gets no percentage of concessions revenue.|
|LEASE:||Expires 2004 with two 5-year options.|
|RENT:||Estimated at $250,000 -- 5th lowest in NFL.|