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STICKER SHOCK: DODGERS SCRAP LUXURY SUITES IN '99 DUE TO $$
Published August 19, 1998
The cost of adding luxury suites to Dodger Stadium "is much higher than the Dodgers expected and could put the project in jeopardy or eventually cause the club to weigh renovating" its ballpark against building a new one, according to Kuwada & Kingsley of the ORANGE COUNTY REGISTER. The team "thought" luxury suites and other enhancements could be completed before next season, helping offset a player payroll that has gone from $47M to $61M this season, but development and construction costs "could run as high as" $200M. As a result, Dodgers President Bob Graziano said that the team will not add 60-75 planned luxury suites before next season. He added that, "For next year, we're going to have to take a look at an increase in sponsorship, an increase in media income. ... We don't have luxury suites, we don't have much signage inside our stadium and relatively low ticket prices, yet we have the sixth-highest payroll in baseball." Graziano, asked if the team could do without luxury suites: "It's possible, but unlikely I'd say." Asked about replacing Dodger Stadium, he said, "We have not started evaluating that yet" (O.C. REGISTER, 8/18).