SBD/2/Facilities Venues

STATE OF THE STADIUM: THE BUD BOWL

     Oilers Owner Bud Adams had discussed the idea of a new
publicly-financed, state-of-the-art domed facility for his team
in downtown Houston or in the surrounding area.  But lack of
public support killed the proposal in late September.  Today, we
look at the Astrodome and their lease with the Oilers -- No. 29
in our series of 30 profiles.
STADIUM:
Astrodome, Houston, TX
AGE: Completed in 1965
COST: Original cost of $31.6M. Approximately $100M additional has been spent on the Astrodome and accompanying Astrohall and Astro areana improvements.
MANAGEMENT: Astrodome is operated by Astrodome USA, a sister company of the Astros, which manages the facility under a lease with Harris County, TX.
CAPACITY: 59,905 -- 3rd lowest in the NFL.
LUXURY SEATS: 65 "Columbia" Suites, 52 Sky boxes. Columbia Suites and Sky Boxes are controlled for football by the Oilers who operate and retain all revenues.
PARKING: Parking for 25,000 cars -- $4-5 a car. Oilersretain 6,500 spaces and receive all revenue. Astrodome USA retains 18,500 spaces and all revenue.
CONCESSIONS: Handled by ARA. Team receives 46.5% of Astrodome USA's net revenues for all football games.
ADVERTISING: Astrodome USA retains all revenues from fixed advertising. Oilers receive 50% of Diamond Vision Video revenue.
GAME-DAY: Astrodome pays for utilities, parking and traffic personnel. Oilers pay all other game-day expenses.
MAINTENANCE: County pays all capital maintenance/improvements.
RENT: Maximum rent at current prices and capacity is $1,650,000.00
LEASE: Expires in '97.
PUBLIC $: Team receives no governmental subsidies.
(Source: Mike McClure, Oilers Exec VP).
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