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Volume 24 No. 159

Facilities Venues

     The first detailed preview of the new baseball stadium being
built for the Olympics shows seats beyond the dugouts, "which
traditionally have been the worst because they face the outfield,
will be angled 10 degrees.  Fans in these areas won't have to
crane their necks to focus on infield action."  The overhang from
each level of seating is minimized, "so fans have unobstructed
views of fly balls."  And fans accustomed to Atlanta-Fulton
County Stadium "are in for a big surpise."  Those who sit at
field level -- which is where most of the 49,800 seats are --
"will have to pay closer attention to the games or risk getting
popped by a foul ball."  The stadium is scheduled to open in '97,
after reconstruction from an 85,000-seat track-and-field stadium
for the Olympics.  The new stadium will have 52 skyboxes, each
with 12-16 seats.  A stadium club in left field will have 400
seats and 200 more in an adjoining bar.  There will also be 6,000
club level seats (Michelle Hiskey, ATLANTA CONSTITUTION, 11/29).

     WASHINGTON, DC:  A WASHINGTON POST editorial notes that
another deadline arrives Thursday in the timetable for building a
downtown arena.  The Redevelopment Land Agency is scheduled to
act on a recommendation to turn over city land to a non-profit
coalition of business and civic leaders, known as the National
Capital Development Corp. (NCDC).  This group would build the
arena through the sale of bonds, about half of which would be
publicly issued and backed by the city.  A second proposal by BET
President Robert Johnson is tied to his "insistence" that he be
allowed to buy a piece of the Bullets and have first right-of-
refusal to buy the team outright from Abe Pollin.  The editorial
notes that Johnson's campaign "has included one disturbing swipe
at home rule" for the District, in that he has said he would not
hesitate to take his proposal to Congress, rather than work with
the DC City Council (WASHINGTON POST, 11/29).
     NO MORE STADIUMS?  Paul Daugherty, a columnist in
Cincinnati, examines the trend of naming baseball parks, either
parks, fields or yards, but not stadiums:  "This is the Camden
Yard-ing of America, the notion that if you make everything feel
old-fashioned, nobody will mind the high-prices.  Which are,
shall we say, state of the art."  Citing the new Coors Field in
Denver, Daugherty notes that Cincinnati will soon have a similar
facility: "Reds Park at Bus Station Yard, or something.  These
are the new cookie-cutter ballyards, just as the concrete voids
were 25 years ago" (CINCINNATI ENQUIRER, 11/29).

     The Raptors "are so hungry for a prime downtown site" for
their planned arena "that they have upped their offer
substantially, making a deal possible as early as this week,
sources say."  The team, facing a deadline to start construction,
has "apparently added millions to their bid" for the downtown
site.  Raptors Chair David Peterson notes that the property is
"extraordinarily attractive for a lot of obvious reasons."  The
new proposal, like the original offer, would likely be a mixture
of some cash up front, more payments by regular installments and
some sort of "marketing rights" for present owner Canada Post.
"Marketing rights" could range from inside or outside arena
signage to full naming rights.  Raptors Owner John Bitove has
said he hopes naming rights of the new arena gain the team C$30M.
The site, now occupied by an empty warehouse, was worth as much
as C$200M in '90, before the crash of the "then-booming real
estate market."  The Raptors' original offer for the site was
estimated to be about C$14M.  The property is reportedly on
Canada Post's books at about C$65M.  Canada Post "is still queasy
about any deal because it's worried about giving the taxpayer-
owned site away for too little."  If groundbreaking on an arena
is not done before October 1, the Raptors must pay the Ontario
government C$1M.  The team will play its first two seasons at
SkyDome (David Israelson, TORONTO STAR, 11/29).

     The Colts have now been in Indianapolis for ten years sinceleaving Baltimore in 1984.  Their home is the RCA Dome, formerlyknown as the Hoosier Dome before the naming rights were sold bythe Capital Improvement Board.  The Board was established by thestate legislature with appointees representing both the state andcity.  The Colts receive no revenue from parking, concessions,advertising --and only 25% from luxury seating.  But, they payone of the lowest rents in the league and share little in the wayof game-day expenses.  Today, we profile the home of theIndianapolis Colts.
STADIUM: RCA Dome, Indianapolis, IN
AGE: Completed in 1984.
CAPACITY: 60,500
OWNERSHIP: Owned & operated by the Capital Improvement Board.
LUXURY BOXES: 99 luxury suites -- team receives 25% of revenue, Improvement Board 75%.
ADVERTISING: Capital Improvement Board holds advertising rights.
SPONSORSHIP: RCA paid $10M over 10 years for naming rights – have renewal clause every five years. Total package $23M over $20 years.
COST: Cost was $75M -- paid for by bonds and corporate donations.
PARKING: 2,000 spaces at $7. Leased to private management company, who pays a fee to handle all parking. Team gets no parking revenue.
CONCESSIONS: Service America -- on a management fee. Team gets no percentage of concessions revenue.
LEASE: Expires 2004 with two 5-year options.
RENT: Estimated at $250,000 -- 5th lowest in NFL.
(Source: Mike Fox/Capital Improvement Board; rent figure fromFlorida Times-Union article on July 24, 1994).