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STATE OF THE STADIUM: GEORGIA DOME
Published December 6, 1994
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.
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.|