SBD/6/Facilities Venues

STATE OF THE STADIUM: GEORGIA DOME

     The Georgia Dome, home of the Atlanta Falcons, is the newest
facility in the NFL.  It was host to Super Bowl XXVIII and will
host the '96 Olympic basketball and gymnastic events.  The
Falcons' lease with the Georgia World Congress Center Authority
is fairly unique.  The facility was built with industrial revenue
bonds and on the sale of luxury seating to the Dome, with no cost
to the taxpayer. The Authority pays the team a $4 million fee for
rights to luxury seating, parking, concessions, and advertising.
The team does receive a significant percentage of net income from
the Authority after the season.  According to figures, events at
the Georgia Dome generate a total economic impact of
approximately $209 million annually.  Today, we continue to
profile NFL stadium's with a look at the Georgia Dome.
STADIUM:
Georgia Dome, Atlanta, GA
AGE: Completed in 1992
OWNERSHIP: Owned by the State of Georgia.
MANAGEMENT: Managed by GA World Congress Center Authority.
CAPACITY: 71,500 — 9th highest in the league.
LUXURY BOXES: 183 executive suites, 5,600 executive club seats, leased on 10-year basis. Executive suites leased for $20,000-$120,000, club seats leased for $1,000-$1,800 — all revenue goes to the CenterAuthority.
COST: $214 million, paid for by industrial revenue bonds.
ADVERTISING: Congress Authority retains advertising rights
CONCESSIONS: MGR Food Services — on a management fee.
PARKING: 3,600 spots with the Dome — $6 fee. Team gets no revenue from parking.
LEASE: 20 year lease expires in 2012
RENT: $1.7 million — 11th highest in the league.
(Source: Khalil Johnson/GM-Georgia Dome; rent figure from Florida Times Union article on July 24, 1994).
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Related Topics:

Atlanta Falcons, Facilities, NFL

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