STATE OF THE STADIUMS: DOME IS WHERE THE HEART IS
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).