MLS Eyeing St. Paul For Expansion Club Redskins DC Stadium Could Hinge On Name Change PPL Park To Change Its Name U.S. Bank CEO Discusses Vikings Stadium Deal Chargers, Raiders Meet With L.A. Officials Baylor's Commitment To Facilities Paying Off Charlotte Considers MLS Stadium Plan Fresno State Plans Renovations For Stadium IU AD: Assembly Hall Project On Track Facility Notes
WHEN THE LANDLORD COMES, YOU GOTTA PAY UP
Published August 1, 1995
The Orioles paid a "partial" rental bill of $1.95M yesterday to the Maryland Stadium Authority, according to Mark Hyman of the Baltimore SUN. Stadium officials report they expect rent for '95 to hit $4M, down from a record $5M in '93. The low rent "projections this year are attributable mostly to the late start to the regular season." Authority Fiscal Officer Dave Willis said each cancelled game cost them close to $100,000 in revenues with a $35,000 savings in expenses -- a net loss of $65,000/game. According to the team's 30-year lease, the O's rent is based on a percentage of revenues, including 50% of net parking, 7% of net ticket receipts, and 6.67% of concessions sold in the stadium cafeteria and delis (Baltimore SUN, 8/1).