SBD/Issue 165/Facilities & Venues

Print All
  • Cowboys Release Ticket Prices For New Stadium, Cheapest Seat $59

    Cowboys Set Ticket Prices For New Stadium
    The Cowboys Thursday said that the "least expensive seats" in the team's new $1.1B stadium in Arlington, Texas, will cost $59, "just $9 more than the cheapest Texas Stadium seats," according to Mosier & Formby of the DALLAS MORNING NEWS. The $59 seats, of which there are "at least 8,000," will not require PSLs, which cost as much as $150,000 in other areas of the stadium. Season-ticket prices for the stadium's 50,000 reserved non-club seats will range from $59-125 a game, including two preseason games. Cowboys officials said that they would offer single-game tickets "only if they failed to sell all the seats as season tickets." Tickets initially will be sold only to current Texas Stadium season-ticket holders, and most reserved seats also "will require [PSLs], which range from" $2,000-5,000 and give fans the "right to buy the same seats for 30 years." The team Thursday also announced that it will sell 1,200 upper-level loge seats at midfield, which require a $12,000 PSL, for $125 per game. The Cowboys plan to "mail information about buying reserved seats to season-ticket holders next week," and a follow-up e-mail will include a link to a Cowboys reservations Web site that will offer a "virtual view of the field from the seats they are considering." Fans will have until July 11 to "decide whether to buy," and the remaining seats will be "offered to season-ticket holders who turned down club seats." After all season-ticket holders have a chance to buy seats, the Cowboys will open up sales to a waiting list that already includes "fans wanting to buy 10,000 seats" (DALLAS MORNING NEWS, 5/16).

    COWBOY UP: In Ft. Worth, Ahles & Claunch write the average price for seats at the new stadium represents a 6.7% increase over Texas Stadium prices, and the non-club seats are "considerably less expensive than the 15,000 club seats that went on sale in November." Cowboys VP/Sales & Marketing Chad Estis: "We feel we've put together a pricing model that will be very well-received by our current customer." Ahles & Claunch note the $59 seats are "more than 200 feet above the field," and if a family of four wanted to buy seats in the area, they "would pay $2,360 a year for eight regular-season and two preseason games." The Cowboys will let ticket holders "finance the [PSL] over 30 years at 8[%] interest," while ticket holders for seats without a PSL must make a $200 deposit (FT. WORTH STAR-TELEGRAM, 5/16).

    Print | Tags: Facilities
  • Rays Present Financing Plan For New Waterfront Ballpark

    Rays Present Preliminary Financing Plan
    For Proposed $450M Waterfront Ballpark
    The Rays Thursday presented an outline of a preliminary financing plan for the team’s proposed $450M waterfront stadium to the St. Petersburg City Council, and said that “parking revenues and the extension of city and county taxes would play vital roles” in the ballpark, according to Aaron Sharockman of the ST. PETERSBURG TIMES. St. Petersburg Mayor Rick Baker called the Rays’ plan “a good start.” The Rays said that they “would pay cost overruns if they oversee construction of the stadium.” The team also said that the public’s contribution of $175M “would be dwarfed by more than $303[M] in new taxes generated by redeveloping Tropicana Field.” Rays officials said that they “plan to meet with county commissioners, perhaps as early as Tuesday.” The plan must pass a November referendum, and City Council members on June 5 will begin the process of scheduling that referendum. The following chart lists the preliminary sources of funding for the proposed $450M ballpark (ST. PETERSBURG TIMES, 5/16).

    AMOUNT
    SOURCE
    $150M
    From Rays
    $70M
    Developers who buy Tropicana Field
    $55M
    Parking revenue from new ballpark
    $100M
    Extension of 1% tax on Pinellas County (FL) hotel stays for 25-30 years
    $75M
    Extension of St. Petersburg's contribution to Tropicana Field for 25-30 years

    Silverman Says City Council 
    Seemed Open To Financing Plan
    FAST PITCH: Rays President Matt Silverman said Thursday “was a very good start. The council workers seemed engaged and receptive and open minded to what is a very complicated project. And they seemed to begin the dialogue we need to determine whether this is something that works for all of us.” MLB.com’s Bill Chastain wrote the plan “limits the risk to the city and county by immediately paying off the Tropicana Field debt, then not requiring any additional dollars beyond what had already been committed to Tropicana Field from the city or county until 2017.” The “majority of the public funding sources beginning in 2017 would come from an extension of the tourist tax, funds that come primarily from out-of-state visitors and which cannot be used for public services.” The remainder of the public funds would be about $75M of the ballpark’s cost, with the tax dollars “created directly from the redevelopment of Tropicana Field estimated to significantly exceed that figure” (MLB.com, 5/15).

    NEW HOME: In St. Petersburg, John Romano writes under the header, “Rays Will Get Their New Stadium -- Somewhere.” Romano: “This ownership group is not staying at Tropicana Field for the long term. That could mean either selling the team or breaking the lease, but one or the other seems inevitable if a new stadium in St. Petersburg is not in the Rays’ future.” Rays Owner Stuart Sternberg is “not going to remain at Tropicana Field through 2027,” the final year of the team’s lease. Does that mean Sternberg would have an “army of lawyers seeking ways to break the lease for a possible move to Charlotte or Portland? The closer we get to the stadium’s debt service being paid off in 2017, the more plausible that prospect will seem. Does it mean Sternberg will talk to investment bankers about selling the team? That’s harder to imagine but, like Lightning owner Bill Davidson, he is an out-of-town businessman with no loyalties here” (ST. PETERSBURG TIMES, 5/16).

    GOOD Delivery: A ST. PETERSBURG TIMES editorial written under the header, “Rays’ Offer Promising,” states the financing plan released by the Rays “does in large measure square with the Rays’ original commitment to avoid any tax increases or new taxes. … If the Rays want voters to bless this deal, they will have to show that the split is fair and the numbers are genuine. They took a major step in that direction on Thursday” (ST. PETERSBURG TIMES, 5/16).

    Print | Tags: Facilities
  • New Jersey Sore: Xanadu Postpones Opening Until Summer '09

    Developers of the $2B Xanadu project Thursday said that the debut of the facility "has been pushed back until next summer," according to Maura McDermott of the Newark STAR-LEDGER. The builders earlier this month said that Xanadu would open this November. Xanadu President Larry Siegel in a statement said that the delay is "due to interior construction work required by tenants." But consultant firm Davidowitz & Associates President Howard Davidowitz said that he "believes the slumping retail economy is hurting Xanadu's efforts to attract tenants." Xanadu developers, however, insisted that retailers are "still as eager as ever to snap up space." Meanwhile, Siegel also said that "new stores had signed on to the project," including sportswear company Adrenalina, the Cheescake Factory and clothing stores Guess and Zara. About 60% of Xanadu's storefront space is leased, and Xanadu spokesperson Lloyd Kaplan said that the complex "aims to have [225-250] tenants altogether" (Newark STAR-LEDGER, 5/16). Real estate firm Goldstein Group President Chuck Lanyard: "I would say that probably what's happening here is more a sign of the times than it is a sign of Xanadu's problems. With the economic slowdown that we're experiencing, they probably need more time to bring these anchors in and do some more negotiating" (Bergen RECORD, 5/16). 

    Developers Push Back Debut Of Xanadu Until Next Summer

    Print | Tags: Facilities
  • Portfolio Studies Ballpark Cleanliness; Rockies' Coors Field Tops

    The Yankees and Mets play in ballparks with "some of the best inspection records," while the Angels and A's have "far more food fouls than any other team," according to PORTFOLIO's Jessica Liebman in a study of health-code violations at 11 MLB ballparks. Most of the Angels' and A's violations were "minor," but some were "disgusting." Teams contract out food service to a "handful of vendors, though team management is responsible for stadium cleanliness." The following presents the results of all 11 ballparks included in the study (PORTFOLIO, 6/'08 issue).

    VENUE
    TEAM
    VIOLATIONS
    REVENUE
    Angels
    Angel Stadium
    732
    $200M
    A's
    McAfee Coliseum
    493
    $154M
    Astros
    Minute Maid Park
    107
    $193M
    Giants
    AT&T Park
    88
    $197M
    Mariners
    Safeco Field
    67
    $194M
    Mets
    Shea Stadium
    58
    $235M
    Phillies
    Citizens Bank Park
    58
    $192M
    Yankees
    Yankee Stadium
    45
    $327M
    Brewers Miller Park
    36
    $158M
    Royals Kauffman Stadium
    32
    $131M
    Rockies Coors Field
    16
    $169M

    McAfee Coliseum Receives
    493 Health-Code Violations
    IN THE DIRT: In Oakland, Angela Hill reported the 493 violations at the A's McAfee Coliseum went directly to concessionaire Aramark and "ranged from food being exposed to 'overhead leakage, dirt, insects, rodents and chemical contamination' ... to minor incidents of empty paper towel racks and soap dispensers." Aramark Senior PR Manager David Freireich confirmed that the company "received notice of the 493 violations," and said that the violations were "corrected immediately." Freireich in a statement said, "It's our top priority to ensure the food served at McAfee Coliseum is of the highest quality and prepared in the safest environment possible. We take all violations very seriously and take the necessary corrective action to address the issues identified by the health department." A's VP/Broadcasting & Communications Ken Pries: "It is really Aramark's responsibility to facilitate the recommendations of the health department." Alameda County (CA) Public Health Department Supervisor Ron Browder: "That number sounds like a lot when you hear it, but you have to realize it's a huge facility with many vendors and concession stands. We could have been citing the same violations over and over again" (OAKLAND TRIBUNE, 5/14). In N.Y., Rich Schapiro reported Angel Stadium in '07 tallied 732 violations, including a "cockroach infestation in the Stadium Club kitchen" in August. There also was a "major vermin violation in April that forced the shutdown of a food stand." However, Shea Stadium had "only 58 violations in 2007 -- though there was evidence of mice, rats and flying insects found in food areas during a June inspection" (N.Y. DAILY NEWS, 5/12).

    HEAD OF THE CLASS: In Denver, Nick Groke reported the Rockies in '07 had only 16 violations, the fewest problems among teams surveyed, though inspectors "found Coors Field's main kitchen to be 'unwholesome.'" The survey "doesn't account for the aggressiveness of inspectors" (DENVER POST, 5/14).

    Print | Tags: Facilities
  • Court Rules Pats Fan Bound To 10-Year Club Seats Agreement

    Court Rules Patriots Fan Bound
    By 10-Year Contract For Club Seats
    The Massachusetts Supreme Judicial Court Thursday ruled that Patriots fan Paul Minihane, who "decided he wanted out of his 10-year agreement for two clubs seats" at Gillette Stadium after just one year, “must pay for the seats for the rest of the contract -- $65,500, plus interest,” according to Saltzman & Finucane of the BOSTON GLOBE. Minihane signed up for two $3,750 seats on the 20-yard line in the Club Level III section for 10 seasons from 2002-2011, and he paid a $7,500 deposit and later made another $2,000 payment toward the fee for the ’02 season. He or his guests attended “all but one of the 2002 preseason and regular-season games at the stadium.” But he made “no further payments to NPS LLC, the developer of the stadium, which then ordered him to pay the rest of the fees.” The court said that the terms “‘may be harsh,’ especially when the ticket owner breaks the contract early in the 10-year agreement, but Minihane hadn’t shown they were ‘unreasonably and grossly disproportionate’” (BOSTON GLOBE, 5/16). The ruling overturned a lower-court ruling that said forcing Minihane to pay for the full 10 years was “grossly disproportionate” to the damage suffered by the Patriots. Legal experts said that after paying the remaining $65,500 on the contract, plus interest and legal fees, Minihane’s final price tag “could top $100,000” (BOSTON HERALD, 5/16).

    Print | Tags: Facilities
  • Nets Launch N.Y. Showroom For Barclays Center Luxury Suites

    Barclays Center Showroom
    Opens In N.Y. Times Building
    The Nets Thursday opened a showroom in Manhattan featuring a "full-size replica of the luxury suites they expect to feature" at their new $950M Barclays Center, in yet 
    "another push to demonstrate they are serious about leaving New Jersey in 2010," according to Maura McDermott of the Newark STAR-LEDGER. Nets President & CEO Brett Yormark said that the opening of the showroom "kicks off the Nets' public effort to market 130 suites with an average price tag of $300,000, as well as 3,200 premium seats." Yormark: "The Barclays Center showroom is one more validation that we're alive and well and we're going to Brooklyn." New Jersey officials and Devils Owner Jeff Vanderbeek earlier this month indicated that they were seeking to bring the Nets to the Prudential Center in Newark, but Yormark dismissed the idea and said the Prudential Center is "of no interest to us." The showroom Thursday night for its launch hosted a party for "more than 120 people, including dozens of corporate" CEOs, as well as Nets investor Jay-Z. Nets VP/PR Barry Baum said that Jay-Z is "considering buying a suite" (Newark STAR-LEDGER, 5/16).

    Print | Tags: Facilities
  • Facility Notes

    Univ. of Louisville AD Tom Jurich Thursday said that he "expects to scale back on the upper-deck seats" planned for the expansion of Papa John's Cardinal Stadium, putting the stadium's planned capacity at 56,500, down from the previously planned 60,000. Jurich said that costs "escalated because the project was on hold for a year after it didn't receive state approval." The cost of the renovation now is about $70M (Louisville COURIER-JOURNAL, 5/16).

    Wembley Stadium Loses Nearly
    $42M In First Year Of Operations
    FIRST-YEAR LOSS: Wembley National Stadium Thursday said that it lost about US$41.67M in its first year of operation, not including interest payments of about US$77.9M the FA owes for its US$674M loan on the stadium. In London, Rod Gilmour notes Wembley's loss "stems from heavy start-up costs in its first year of operating as well as bringing in extra security staff." The FA has said that Wembley will "generate large profits in the future, especially with there being no limit on the number of events" the stadium can host (London TELEGRAPH, 5/16).

    ON THE TEE: A draft document for the 2015 U.S. Open shows the USGA will pay Pierce County (WA) $2.5M to lease Chambers Bay Golf Course. Under the contract, which soon will go to the County Council for approval, the county also will "get a share of the proceeds from the sale of hospitality packages, food and beverages, and merchandise." As part of the agreement, the USGA will "bear most of the cost of staging the tournament and will keep most of the revenue, including all of the ticket sales." The county will pay for "significant modifications to the course in preparation for the tournament," and also must build a "new practice facility and generally assist the [USGA] with tournament preparations" (Tacoma NEWS TRIBUNE, 5/16).

    Print | Tags: Facilities
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug