SBD/April 29, 2014/Facilities

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  • Naming-Rights Value Could Play Key Role In Heat's Plan To Extend Lease With Miami-Dade

    AmericanAirlines Arena's current naming-rights deal ends in '20

    The future value of the Heat’s naming-rights deal could "end up an important factor" in whether Owner Micky Arison can "succeed in winning a 10-year extension on the team’s lease" at the Miami-Dade County-owned AmericanAirlines Arena, according to Douglas Hanks of the MIAMI HERALD. Under a proposed deal that "became public last week, Miami-Dade would give up its current claim" to any naming-rights revenue above $2M annually as "part of a larger reworking of the existing deal," which expires in '30. AAL’s current naming-rights deal ends in '20. That would give the Heat a "chance to reset the arena’s naming revenue to a market that’s currently generating millions more for many NBA teams." Sponsorship firm Team Services co-Founder & Partner E.J. Narcise said AAL's $2.1M yearly sponsorship for the Heat’s venue “was a pretty decent deal when it was done. Now it’s definitely at the lower end of NBA arenas.” While Miami-Dade "pays the Heat" $6.4M a year now, the payouts under the proposed deal would increase to an average of $14.7M per year from '31-'40. The deal also would "extend by a decade the day that the Heat would be free to move to either another city or make the case for a new or overhauled county-owned arena." Meanwhile, as Miami-Dade Mayor Carlos Gimenez is "pushing back against more taxpayer support of the arena," he said that he is "fine with giving up future naming-rights money." Arison’s negotiators have "presented the team’s request to take back the naming rights as a concession, saying the county would be hard pressed to win top dollar for the arena’s name without the Heat also contributing suites, floor seats, television spots and other perks that accompany most rights deals" (MIAMI HERALD, 4/29).

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  • Univ. Of Nevada AD Knuth Focusing On $40M In Potential Upgrades To Football Facility

    Costs for the upgrades and additions at Mackay Stadium start at $40M

    The "reliance on porta-potties" at the Univ. of Nevada's Mackay Stadium is indicative of the school's "current state of affairs when it comes to new facilities and improved facilities and the means to make it all happen," according to Dan Hinxman of the RENO GAZETTE-JOURNAL. Nevada’s ratio of portable toilets inside the stadium to seating capacity is one of the highest" among the eight Mountain West Conference schools that responded to an informal survey. Nevada AD Doug Knuth said, "It's crazy to think we have porta-potties (inside the stadium). ... That's just not right. We've got to fix that." The stadium also "lacks handrails along its many stairs, which means the stadium is not ADA compliant." Toilets and handrails "might not be glamorous or even slightly interesting unless you are 4 years old or have mobility limitations, but they are major parts of a multi-faceted infrastructure project that’s going to take money that Knuth doesn’t have -- yet." Knuth said that the price tag on "all the pressing facilities upgrades and additions" starts at $40M, a "hefty number when you consider the athletic department’s annual budget" is in the low $20M. That is "no better than the second lowest budget in the MWC," and Nevada will "surely receive no state money to get all this done." Meanwhile, Knuth "continues to search and prod for donations." He said that he has "secured in donations" about $5M of the $15M needed for the $24M all-sport FieldHouse. Knuth will "take whatever he can get, and he has tried to build relationships with former athletes by inviting them to games and sending gift baskets that might contain a Wolf Pack shirt, hat, shorts and other merchandise" (RENO GAZETTE JOURNAL, 4/27). In Reno, Chris Murray listed Nevada's "top 10 must-have facility improvements."

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  • Drunk In Love: Jay Z, Beyonce To Embark On 16-Stop Stadium Tour This Summer

    Jay Z and Beyonce will perform together at "stadiums across North America this summer" as part of the On the Run tour, according to Gerrick Kennedy of the L.A. TIMES. The 16-date trek "starts June 25 in Miami and wraps Aug. 5" in S.F. The couple "had yet to tour together" despite countless duet performances and "a number of joint hits documenting their love over the last dozen or so years" (L.A. TIMES, 4/29). Jay Z, Beyonce and One Direction are filling a void for stadium shows this summer, as Kenny Chesney is off the road and no U2 or Rolling Stones shows have been scheduled at this point (Don Muret, Staff Writer).

    JAY Z & BEYONCE "ON THE RUN" TOUR DATES
    DATE
    CITY VENUE
    6/25
    Miami Sun Life Stadium
    6/28
    Cincinnati Great American Ball Park
    7/1
    Foxborough Gillette Stadium
    7/5
    Philadelphia Citizens Bank Park
    7/7
    Baltimore M&T Bank Stadium
    7/9
    Toronto Rogers Centre
    7/11
    East Rutherford MetLife Stadium
    7/15
    Atlanta Georgia Dome
    7/18
    Houston Minute Maid Park
    7/20
    New Orleans Mercedes-Benz Superdome
    7/22
    Dallas AT&T Stadium
    7/24
    Chicago Soldier Field
    7/27
    Winnipeg Investor Group Field
    7/30
    Seattle Safeco Field
    8/2
    Pasadena Rose Bowl
    8/5
    S.F. AT&T Park
         

    GET BACK: In L.A., Todd Martens noted Paul McCartney will play an Aug. 10 date at Dodger Stadium, his "first major L.A.-area concert since a two-night stand at the Hollywood Bowl" in '10 (L.A. TIMES, 4/26). Meanwhile, in S.F., Matier & Ross reported McCartney decided to "play the closing concert" at Candlestick Park in part because the 49ers took Levi's Stadium "out of the running for the event." Sources said that the "storm of bad PR that accompanied the revelation that the Niners were trying to lure Sir Paul away from a Candlestick closing, combined with a desire to keep the peace" with S.F. -- the official host city for Super Bowl L -- "played into the team's decision to back off." City officials were "more than a little annoyed when they learned that McCartney's agents had been talking with the Niners about playing at the new Levi's Stadium in early August" (S.F. CHRONICLE, 4/27).

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  • Facility Notes

    In Vancouver, Ian Austin notes the Aquilini Group, which owns the Canucks, has paid C$91M for “the rest of the 67 condos" in Vancouver's Olympic Village.” The city said that the purchase "has enabled it to finally pay off" its C$630M loan. The city admitted yesterday that “despite paying off the loan," it received C$130M less than anticipated for the land (Vancouver PROVINCE, 4/28). Also in Vancouver, Jeff Lee notes the purchase “ends the city’s involvement” with the C$1.1B Olympic Village project. The city took over the development in February '09 "after Millennium Developments ran into financing trouble” (VANCOUVER SUN, 4/29).

    BAY AREA BLUES: In S.F., Chip Johnson notes when the Warriors last week “gloriously announced their purchase of a 12-acre plot” in the Mission Valley area for a new arena, the club also “delivered a less-than-celebratory message to Oakland and Alameda County.” The team informed the Oakland-Alameda County Coliseum Authority that when it leaves in ‘17, it will “stop paying the public bonds issued in the mid-1990s to make seating, scoreboard and other upgrades at the Oracle Arena.” Those 30-year municipal bonds generated $140M in improvements and “won't be paid off” until ‘27. The reward to the public for “more than four decades of fan support, through good and bad times, is an unpaid bill” for more than $60M (S.F. CHRONICLE, 4/29).

    EMOTIONAL DRAW: ESPN.com’s Ivan Maisel notes the new College Football HOF in Atlanta is a “fascinating attempt to meld the history and the emotion that draws us to the game.” Maisel: “A cathedral-like setting on the third floor will honor the game’s best players and coaches. The first two floors will be more devoted to the fan experience.” The plan is “to be open” for the ‘14 season (ESPN.com, 4/29).

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