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STATE OF THE STADIUM: THE PONTIAC SILVERDOME
Published November 8, 1994
The Detroit Lions have long sought a more user friendly lease at the Pontiac Silverdome. The team does not receive any revenues from parking, advertising or concessions -- one of the few NFL teams with that contract. The city of Pontiac enjoys the lease situation, as in 1993 they made approximately $1 million in profit. Today, THE SPORTS BUSINESS DAILY examines the Pontiac Silverdome.
|STADIUM:||Pontiac Silverdome, Pontiac, MI|
|AGE:||Completed in 1973.|
|OWNERSHIP:||Owned by the City of Pontiac.|
|MANAGEMENT:||Managed by city employees
and governed by PontiacStadium
|102 owned and
operated by the Stadium Building
|COST:||Total cost was $55.7
million, including $15.9M in general
obligation notes and $25 in revenue bonds.
|PARKING:||12,637 parking spots
on site. $7 a car, all revenue goes to the
|ADVERTISING:||All advertising handled
by the Stadium. Lions get no percentage
of advertising revenue.
|CONCESSIONS:||Elias Brothers Restaurant.
Stadium Authority gets 30% of the
split. Lions do not share in the revenue.
|LEASE:||Lions lease expires in 2004.|
|RENOVATION:||Ongoing -- with playing field resurfaced in '93.|
|PUBLIC $:||Zero. There is approximately $35 million debt with the stadium.|
(Sources: Joe Tsao, Stadium Building Authority, rent and public subsidy from Florida Times-Union article on July 24, 1994.)