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STATE OF THE STADIUM: HAIL TO THE REDSKINS
Published November 9, 1994
Marion Barry's victory yesterday could have an impact on Redskins Owner Jack Kent Cooke's desire to build a new stadium for his team. RFK is one of only two facilities in the NFL with no luxury boxes and has the lowest capacity of any facility in the league. Cooke would like to move to Laurel, MD, and build a privately financed 75,000-plus seat stadium. But a recent ruling by an Anne Arundel County official has increased speculation that Cooke and Barry will try to make a new deal to keep the team in Washington. THE SPORTS BUSINESS DAILY today looks at RFK Stadium.
|STADIUM:||RFK Stadium, Washington, DC|
|AGE:||Stadium built in 1961|
|CAPACITY:||57,000 -- lowest capacity in the NFL.|
|None. Only the Raiders also lack luxury seating.|
|OWNERSHIP:||District of Columbia
owns the stadium. U.S. Dept. of
Interior owns the land.
|COST:||$19.5 million, paid
for by bonds. There is no debt on the
|RENOVATION:||$7M of structural and
cosmetic renovation in the past 10
|CONCESSIONS:||B&B Caterers of Washington
DC. Revenue split: 36% goes
to the stadium, 44% to B&B, and 20% to the Redskins.
|PARKING:||12,000 parking spots
with a $6-10 parking charge.
Redskins get 25% of total revenue.
|LEASE:||The team has an option on the lease in 1996.|
|ADVERTISING:||Team gets 25% of revenue,
city gets 75% of stadium
|RENT:||Estimated at $2 million
-- approximately 7th highest in the