SBD/6/Facilities Venues

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  • POLLIN ARENA UPDATE: MILLION DOLLAR SUITES GOING FAST

         Sources involved with Abe Pollin's arena project in downtown
    DC said that commitments for ten "Founders Suites," worth $1M
    each, are lined up and could be announced as early as today.
    Kenneth Sparks, a member of DC's National Capital Development
    Corp.:  "They're going like hot cakes."  According to Crestar
    Bank President William Harris, "potential leaseholders have been
    asked to pledge a portion of the lease fee and agree to sign a
    lease in the future."  Project officials report other luxury
    suites (avg. $125,000) are also "going fast" (Tony Munroe,
    WASHINGTON TIMES, 1/6).
    

    Print | Tags: Facilities, Los Angeles Sparks
  • STADIUM IMPROVEMENTS BECOMING TOO RICH FOR COUNTY'S BLOOD

         The total cost to stadium improvements at Rich Stadium in
    suburban Buffalo has risen from $22.7M to $26.7M with Erie County
    picking up the tab for the overruns.  The $4M cost overrun will
    be picked up by the county, which originally was to contribute
    $8M.  A practice facility originally estimated at $3.5M will now
    cost $8M and proposed underground walkways from Rich Stadium to
    parking lots will cost $4M.  As a result, planned new restrooms
    at the stadium have taken a backseat.  Meanwhile, a $4M grant
    Erie County is seeking from the Federal Government is on hold.
    The county claims that air-quality funding is appropriate for the
    tunnels because they will "improve traffic flow and are expected
    to reduce the time fans spend inhaling auto fumes"  (Margaret
    Hammersley, BUFFALO NEWS, 1/5).
    

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  • STATE OF THE STADIUM: YOU'RE LOOKING LIVE AT LAMBEAU FIELD

         The Packers recently ended their long association with
    County Stadium in Milwaukee, where they played three home games
    each year.  The team will play a full-season at Lambeau Field in
    '95 and will benefit from the addition of 90 luxury boxes.  The
    198 luxury suites, along with the nearly 2,000 clubhouse seats,
    gives the Packers one of the largest luxury box capacities in the
    NFL.  Today's profile is No. 25 in a series of 29.
    STADIUM: Lambeau Field, Green Bay, WI
    AGE: Completed in 1957
    OWNERSHIP: Owned by the city of Green Bay.
    MANAGEMENT: Managed by the Packers.
    CAPACITY: 59,543 — to expand to over 60,000 next season.
    LUXURY SEATS: 108 — Packers receive all revenue. Team will build 90 additional suites for next season. Team has 1,920 clubhouse seats with special services — enclosed with food service.
    PARKING: Promotions Management Inc. (PMI) — team receives all revenue.
    CONCESSIONS: PMI receives undisclosed % of bottom line — team receives a majority of revenue.
    MAINTENANCE: Shared by city and the Packers. Structural damage repaired by the city.
    GAME-DAY: Personnel provided and paid for by team.
    ADVERTISING: Leased out to Pro Sports Marketing in Dublin, CA.
    LEASE: Expires in 2004 with option to 2024.
    RENT: $240,000 -- 4th lowest in the league.

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

    Print | Tags: Facilities, Green Bay Packers, NFL
  • WINNIPEG TAXPAYER HIT FOR JETS' LOSSES

         Manitoba Taxpayers will "shell out more than $2.6M to cover
    the Winnipeg Jets' losses for the first three months of the 94-95
    season."  If the NHL work stoppage continues, the price tag could
    climb as high as $10.4M for a "team that has not played a game
    all season."  Under the current agreement, the city and Province
    of Manitoba must split team losses and pay the majority of owners
    a "small profit" until June '97 while proposals for a new arena
    are considered."  The city and province own 36% of the team, and
    if they decide not to build a new arena and sell the team, the
    public's "share of the sale price would help defray any losses."
    The financial losses have increased "arguments of critics who say
    Winnipeg has spent too much on its team" (OTTAWA CITIZEN, 1/6).
         ARENA DOWN-TIME: Winnipeg Enterprises Corp. has estimated
    its loss from 20 cancelled Jets home games to be roughly $1M
    (Randy Turner, WINNIPEG FREE PRESS, 1/6).
    

    Print | Tags: Facilities, New York Jets, NHL
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