Minnesota United Quiet On Construction Delays NFL Exec Says "Low Likelihood" Of China Game Reasons Sought For Why NFL Ratings Are Down Facility Notes Supreme Court Asked To Reject Concussion Deal NFL Viewership Continues Rocky Start To '16 Angels May Play Out Current Lease At Angel Stadium Golden 1 Center Brings Game Sound To Suites Verizon Begins Upgrading WiFi At Ford Field Petco Park Staying Busy During Padres Offseason
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.)