Eight MLB teams are currently constructing, or have
plans to construct, new ballparks. Today, THE DAILY
compares the new facilities with each team's current home.
Estimated total cost includes all ballpark-related
development expenditures for the project, including retail
and public area developments. Estimated team contribution
to the ballpark project was compiled from team sources and
research conducted by THE DAILY. While suite numbers are
listed for each team's current facility, some teams don't
control the rights to each suite. The Reds and Padres have
not finalized the number of suites for their new ballparks
and have yet to sign naming rights deals (THE DAILY):
TEAM: MARINERS TIGERS GIANTS ASTROS
ESTIMATED TOTAL COST: $517M $295M $319M $265M
ESTIMATED TEAM SHARE^: $126M $145M $319M $85M
% TEAM CONTRIBUTION: 24% 49% 100% 32%
CAPACITY AT NEW PARK: 47,000 40,000 41,000 42,000
CURRENT CAPACITY: 59,100 46,800 63,000 54,400
% +/- FROM '98 CAP.: -21% -15% -36% -23%
SUITES IN NEW PARK: 69 102 67 63
CURRENT SUITES: 72 4 85 66
NAMING RIGHTS SPONSOR: Safeco Comerica Pac Bell Enron
NAMING RIGHTS DEAL: 20yr/$40M 30yr/$66M 24yr/$50M 30yr/$100M
OPENING DATE: July '99 2000 2000 2000
TEAM: BREWERS PIRATES PADRES REDS
ESTIMATED TOTAL COST: $367M $228M $411M $235M
ESTIMATED TEAM SHARE^: $90M $40M $115M $30M
% TEAM CONTRIBUTION: 24% 17% 28% 13%
CAPACITY AT NEW PARK: 43,000 38,100 42,000 45,000
CURRENT CAPACITY: 53,200 47,700 66,300 53,000
% +/- FROM '98 CAP.: -19% -20% -36% -15%
SUITES IN NEW PARK: 70 69 N/A N/A
CURRENT SUITES: 1 110 113 22
NAMING RIGHTS SPONSOR: Miller PNC Bank -- --
NAMING RIGHTS DEAL: 20yr/$41M 20yr/$30M -- --
OPENING DATE: 2000 2001 2002 2003
FACILITY PROFILE: By averaging the data of the eight
new projects, we see that the average new ballpark has a
cost of $329M, capacity of 42,262, 73 new suites and a 24
year, $54M naming-rights agreement. On average, the teams
contributed 36% of the total cost of their ballparks.
FINANCE NOTES: ^ = The Mariners are responsible for all
costs over the original budget of $417M. The Tigers'
portion of the total cost of Comerica Park does not include
a personal contribution of $35M from Owner Mike Ilitch. Pac
Bell Park construction is privately financed, with the
Giants securing a $170M loan and the remainder coming from
naming rights and sponsorship agreements, the sale of
charter seats licenses and a tax increment financing plan by
the city's Redevelopment Agency. The Astros have placed a
$180M limit on the amount of public funding for Enron Field.
The remaining ballpark costs will come from the team's
annual $4.6M rent/$2.5M repair fund payments. The figures
for the Reds' and Padres' new ballparks are rough estimates,
as plans for both facilities have yet to be finalized.
