Bucks Sold To Wesley Edens, Marc Lasry Michael King Staging First Boxing Card Tonight's Events A Lighter Buzz '47 Brand Launching New Campaign Anti-Drunk Driving Effort To Sponsor Race Bryce Harper Stars In Gatorade Spot podcast ESPN, Turner Launching NBA Playoff Ads Astros Launch App For In-Stadium Upgrade
SBD/24/Facilities VenuesPrint All
The Greater Ft. Lauderdale Chamber of Commerce has promised to help Panthers owner Wayne Huizenga "rally support for a 20,000 seat arena," according to Tracy Kolody in this morning's Ft. Lauderdale SUN-SENTINEL. In Broward County, Huizenga "wants to increase" the current 3% hotel tax to 5% "as the main way" to pay for the $100-150M arena. However the idea has met criticism from the county Tourist Development Council. Innkeepers in the county said they "would only go along with raising the bed tax if the county also puts a tax on restaurant meals, bars, attractions, transportation firms and parking lots that would benefit from an arena." Supporters say an arena "will put Broward on the big- league map, raising its profile in the battle for tourists" (Ft. Lauderdale SUN-SENTINEL, 2/24).
The Raptors will announce today that "they have sold the name rights to their new arena" to Air Canada (Neil Campbell, Toronto GLOBE AND MAIL, 2/24). The deal is reportedly worth C$20M over a 20-year span and is "believed to be the most money ever paid for a title sponsorship in Canada." The airline could also serve as the Raptor's charter carrier. According to an Air Canada source, the "appeal" to Air Canada Chair Hollis Harris "is clear" -- he is an American, and "several of his U.S. competitors have become title sponsors." For example, America West in Phoenix, United Center in Chicago, and USAir Arena in Landover, MD (Craig Daniels, TORONTO SUN, 2/24).
The Arrowhead Pond of Anaheim is home to the Mighty Ducks and secondary home for the Clippers, who will play six games in Orange County in '94-95. The Clippers average 17,656 at the Pond, but only 8,345 at the L.A. Sports Arena, where they play the majority of their games. While there has been talk that the Clippers would benefit from a move to Anaheim, the team would have no control over advertising and luxury seating, both controlled by the Ducks. ARENA: The Arrowhead Pond, Anaheim, CA. TENANTS: Mighty Ducks of Anaheim, L.A. Clippers (6 games). AGE: Opened June 19, 1993. OWNERSHIP: City of Anaheim. MANAGEMENT: Ogden Facility Management. COST: $120M, paid through sale of bonds by the city. CAPACITY: 17,174 for hockey, 18,200 for basketball. LUXURY SEATS: 84 luxury suites that can accommodate 10-14 people cost $69,000-99,000 a year. Boxes leased on 3-, 5- and 7-year agreements. Ducks tickets and preferred parking are included. Ducks and Ogden split first $10M in luxury box revenue. After $10M, the team receives 45%, Ogden 55%. NAMING RIGHTS: Arrowhead Water Co. has leased the naming rights for $1M-$1.5M a year for 5 years. Ogden receives $500,000 of the fee, Disney receives the rest. CONCESSIONS: Ogden Entertainment Services controls operations, team receives 22.5% of gross concession revenue. ADVERTISING: Ducks control and receive all hockey-related advertising revenue. Ogden and team split all remaining advertising 50/50. PARKING: Ogden controls, team receives 42.5% of parking revenue, Ogden receives 42.5%, City receives 15%. For Clippers and other events, the city and Ogden split revenue. GAME-DAY: Ogden responsible for employees. LEASE: Multi-year contract, figures not available. MAINTENANCE: Ogden is responsible for maintenance. RENT: Ducks pay rent equal to 7.5% of ticket receipts. (Sources: John Nicoletti, P.R. Manager for the Pond; "Inside the Ownership of Professional Sports Teams," by Much & Friedman).