STATE OF THE STADIUM: THE LOUISIANA SUPERDOME

     The Saints recently signed a new lease that will keep them
in the Superdome through the year 2018.  It also gave the team
more revenue from concessions and all revenue from the sale of
luxury boxes.  Today, we examine the lease of the Saints at the
Louisiana Superdome.

 
  

    
 
      
 
        
STADIUM:
      
      
 
        
Louisiana 
          Superdome, New Orleans, LA
      
    
    
 
      
AGE:
      
Completed in 1975.
    
    
 
      
OWNERSHIP:
      
Owned by the State 
        of Louisiana
    
    
 
      
MANAGEMENT:
      
Facility Management 
        of Louisiana (FML) — a Spectacor Management Group.
    
    
 
      
COST:
      
$163 million — 
        paid for by public bonds.
    
    
 
      
CAPACITY:
      
68,000
    
    
 
      
LUXURY 
        SEATS:
      
128 suites — 
        team receives all revenue from the sale of luxury seating.
    
    
 
      
GAME-DAY:
      
Game-day personnel 
        paid for by FML.
    
    
 
      
MAINTANENCE:
      
All maintenance covered 
        by FML.
    
    
 
      
PARKING:
      
5,400 
        spots — $8 a car — Saints receive all revenue.
    
    
 
      
CONCESSIONS:
      
Aramark (ARA) — 
        Saints receive 42% of gross revenue.
    
    
 
      
ADVERSTING:
      
FML sells adverstising 
        — Saints receive all advertising revenue for their games.
    
    
 
      
LEASE:
      
Expires in 2018
    
    
 
      
RENT:
      
$900,000 — 9th 
        lowest in NFL.
    
  


(Source: David Weidler, Superdome; rent figure from Florida
Times-Union article on July 24, 1994.)