STATE OF THE STADIUM: IT'S VETERANS DAY ... AGAIN
THE SPORTS BUSINESS DAILY continues to look at the NFL'sinfrastrucure with an examination of Philadelphia's VeteransStadium.
|STADIUM:||Veterans Stadium, Philadelphia, PA|
|AGE:||Build in 1971|
|CAPACITY:||66,386 --12th lowest in the league|
|MANAGEMENT:||City of Philadelphia Parks and Recreation.|
|OWNERSHIP:||Owned by the City of Philadelphia.|
|89 luxury penthouses, 59 super boxes, 44 restaurant clubboxes - controlled by team.|
|COST:||Cost $63M and paid for through public bonds and self-sustaining loan. Roughly $5.6M in debt|
|CONCESSIONS:||Ogden Leisure Services. 58.2% of general concessions to the Stadium, which is split 50/50 with the team. The remaining 41.8% of concessions goes to Ogden.|
|RENOVATION:||Ongoing $32M renovation project over 5 years. New seats, more handicap seating, and councourse improvments.|
|PARKING:||12,000 parking spots at $6 a car -- all parking revenue to go towards new CoreStates arena.|
|ADVERTISING:||Phillies receive all advertising revenue.|
|LEASE:||Eagles' lease expires 2011.|
|RENT:||$1.9 million - 13th highest in the league.|
(Source: Jim Smith/Veterans Stadium, rent figure from a FloridaTimes Union article on July 24, 1994).