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Saints Planning To Build 5,000-6,000 Seat Stadium Adjacent To HQs
Published March 21, 2011
SAVINGS FOR STATE: In New Orleans, Nakia Hogan reported a lockout "wouldn't put a dent" in the Louisiana Stadium & Exposition District's finances since the Saints, "like most NFL teams, keep all game-day revenue from the state-owned Superdome." The state, "in reaching a deal nearly two years ago that would keep the Saints playing in the Superdome to 2025 and create revenue streams" for the team "built in a clause that alleviated much of its financial burden to the team if the 2011 season is lost because of a lockout." SMG Regional VP Doug Thornton, whose company manages the Superdome for the state, said that "if anything, a season-long lockout would allow the LSED to save nearly" $1.2M in game-day staffing (New Orleans TIMES-PICAYUNE, 3/18).