Mets' Revenue At Citi Field Down For Third Straight Year

The Mets’ ballpark-related revenue “dropped $8.3 million to $118.6 million this past season -- the third straight year of declines since Citi Field opened,” according to Baumbach & Marshall of NEWSDAY. Data shows that ballpark-related revenue “such as premium ticket sales, concessions and parking has declined 43 percent since 2009, the stadium's opening year.” This year's reported revenue “of $118.6 million as of the end of September was down from $180.4 million in 2009 and $126.9 million in 2011.” The numbers “come from quarterly reports that highlight a designated portion of the team's ballpark finances.” The records also show that revenue for Citi Field's “10,635 premium stadium seats, representing about 25 percent of the 42,000-seat stadium, was $44,111,395 this season, down from $50,515,652 in 2011 and well short of their budgeted projection of $56,506,733.” The team did “see an 18 percent increase in concession revenue from a year ago, marking the first increase in that department since the stadium's opening” (NEWSDAY, 12/18).

METS' FINANCES
ASSETS	2012 (as of Sept. 30)	2011	2009
Retained Seats	$44.1M	$50.5M	$99.3M
Advertising	$44.2M	$46.0M	$47.0M
Concessions	$12.0M	$10.2M	$15.2M
Luxury Suites	$8.6M	$7.8M	$3.8M
Parking	$7.2M	$7.3M	$11.1M
Other	$2.6M	$5.1M	$4.1M
TOTAL	$118.6M	$126.9M	$180.4M