SBD/8/Facilities Venues

STATE OF THE STADIUM: THE PONTIAC SILVERDOME

     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.
CAPACITY: 80,311
OWNERSHIP: Owned by the City of Pontiac.
MANAGEMENT: Managed by city employees and governed by PontiacStadium
Building Authority.
RENT: $2.66 million.
LUXURY
BOXES:
102 — owned and operated by the Stadium Building
Authority.
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
Stadium Authority.
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.)
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