Historical NFL Stadium .

Funding
Prepared for Ramsey County

Stadium Funding

2

Private Stadium Contributions
New York Kansas City Dallas Indianapolis Arizona Philadelphia Chicago Seattle New England Houston Green Bay Detroit Pittsburgh Denver Cincinnati Tennessee Cleveland Tampa Bay Baltimore Washington DC

$1,600 $875

Contribution Amounts
(Unadjusted for inflation)

40

Median Mean

$126 $221

$88

Carolina St. Louis

$800

$1,000

$1,200

$1,400

$1,600

$1,800

3

Public Stadium Contributions
New York Kansas City Dallas Indianapolis Arizona Philadelphia Chicago Seattle New England Houston Green Bay Detroit Pittsburgh Denver Cincinnati Tennessee Cleveland Tampa Bay Baltimore Washington DC

$620

Contribution Amounts
(Unadjusted for inflation)

Median Mean

$213 $225

$425 $212 $180 $200

Carolina St. Louis Jacksonville

$257

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

Contribution Percentages
New York Kansas City Dallas Indianapolis Arizona Philadelphia Chicago Seattle New England Houston Green Bay Detroit Pittsburgh Denver Cincinnati Tennessee Cleveland Tampa Bay Baltimore Washington DC Carolina St. Louis Jacksonville Atlanta Stadium State/City

Contribution
Median Mean

Percentages
34% Private 66% Public 31 % Private 69% Public

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Private Contributions

Public Contributions

Public Contribution
State/City
Kansas City

Details
Revenue Sources

I
! I

Stadium

I Year ! I Opened

Public Contribution

fA.rrowhead Stadium i

2010

I

New York Dallas Indianapolis

INew Meadowlands Stadium Cowboys Stadium ILucas Oil Stadium
i

I
I
I

2010

i

Public Contribution $250, Missouri taxpayers approved a 3/8 cent sates tax that is expected to raise $212.5 million for the Sports Complex with another $37.5 million coming from the State of iMissouri. i !Built on public land with no additional public contributions.
I

I 2009 2008

I

I !

i

I

I

Arizona

University Stadlurn
I
I

of Phoenix!

I
!
I
I

2006

Chicago

Soldier Field
I

2003
I

I

Cost estimated to be 715.4 to 719.6; Public Funds raised jointly by ~he State of Indiana and the City of Indianapolis. Marion County has Iraised taxes for food and beverage sales, auto rental taxes, [nnkeeper's taxes and admission taxes for its share of the costs. iMeanwhile, a small increase in food and beverage taxes in six surroundinq counties and the sale of Colts license plates completes ~he total; Naming Rights 121 Mover 20 years Taxes: Marion County Ihotel tax increase from 6% to 9%; Car rental taxes increase from 2% to 14%;food & beverage tax from 1% to 2%. Neighboring suburbs food & Ibeverage tax would increase from 0% to 1%. IPublic contribution -- $261.4 million; $236 million in sports authority Irevenue bonds; annual debt service backed primarily by a 1 % hotelmotel tax increase and a $3.50 car rental surcharge; $15.4 million ~rom City; $10 million from Fiesta Bowl [PubliC Contribution includes $65 million trom state and $325 from ,Illinois Sports Facility Authority revenue bonds; annual debt service backed by 2% hotel tax
i

I

Public Contribution
Stadium

Details
Revenue Sources

Public Contribution

ICcontr Ion -rm Ion; rru on ayne ounty ium bonds; annual debt service backed by a 1 % increase in hotel to 15% and a 2% increase in rental car tax to 8%; $20 million from ayne County from the sale of surplus land $50 million from Wayne ounty which includes $30 million from Detroit's Downtown lopment Authority and $20 million from a Tigers fund; $15 illion from the City of Detroit; The above amounts represent some lIocations between the stadium pro ects for the Lions and the Tigers

ICco on -rru Ion; rnt Ion In us nty Sports Authority bonds; annual debt service backed by otel/rnotel tax, car rental tax, and mixed beverage tax; $31 million m Houston/Harris County Sports Authority for financing costs; $26 illion from Harris County for chilled water plant c co on -m on; m gene bligation bonds; annual. debt service backed by extension until 2020 2% King County hotel-motel tax, 10% facilities admission tax, 10% rking tax, State lottery revenues, and State sales tax credit; $27 illion in deferred State sales taxes relating to sales tax on onstruction costs; $24 million in State sales tax credits and State ottery revenues accumulated before needed to service debt on bonds

'7

Public Contribution
State/City Stadium

Details
Public Contribution Revenue Sources
SIX

c contr on -m on; m on am n ounty revenue bonds; annual debt service backed by a 0.5% sales ncrease to 6%; $30 million from State; $13.5 million from . onstruction fund investment income; $25 million from the sale of Ls; Team also contributed naming rights at Cinergy Field, and pays nnual rent and a 25-cent ticket surcharge; c contr on -m on; m n cert cates 0 rticipation (similar to bonds) issued by City of Cleveland; annual ebt service backed by City 8% parking tax, 2% admission tax, hotel , and car rental tax, and County "sin tax" extension on alcohol and garettes; $6 million from City utilities department; $3 million from gional Transit Authority; $33 million from State appropriation; $32 illion from unspecified City sources

Public Contribution
State/City
ampa Bay James

Details
or

ear Opened
1998

Public Contribution Revenue Sources

ington

1997

Ban

0

America

1996

Stadium

IGeorgia Dome

1992

Sources
~ Data was obtained from a Horrow Sports Ventures analysis tit led, "Rep res e ntat ive Stad iu m Pub Iic I Pr ivat ePa rt ner ship s" . (Horrow Analysis). ~ This study was sourced from the following website: http://www.sandiego.gov / chargersissues / pdf / horrow. pdf ~ Data for stadiums that were developed after the Harrow Analysis was completed was compiled from stadium & stadium authority websites as well as published news stories. ~ Searches were completed to identify information that conflicts with the Horrow Analysis.
o

o

In some cases differences were identified likely resulting from differences in allocation between multiple stadiums or stadiums & infrastructure (Horrow's Heinz field data is an example). As a test of reasonableness, data from an analysis completed by JMI is included in the following slide. JMI prepared this analysis for Oakland.

Sources
~ The following websites were identified, however, data from these websites was not relied upon in this analysis:
o o o

http://football.ballparks.com http://www.stadiumsofprofootball.com http://www.nflvenueinfo.com

Sau rces Cant.
~ About Horrow Sports Ventures,
o

from horrowsports.com

From its inception, Horrow Sports Ventures has been a leading facility development advisor to teams, leagues, universities, government agencies, and not-for-profit organizations. Shortly before the millennium, Rick Horrow realized that he was spending a significant portion of his time doing media interviews to explain facilities financing, public-private partnerships, and infrastructure project implementation to the general public. What's more, he realized he enjoyed it. What followed was a carefully orchestrated buildup of Horrow's media portfolio, comprising regular weekly television and radio segments, his own national radio show, "FOX MoneyBall: The Cost of Winning," and partnerships with such online media sources as foxsports.com and BusinessWeek to provide weekly branded columns. Today, Horrow Sports Ventures clients consider Horrow's high media profile of equal value to his sports facilities expertise, and work with him regularly to develop content that presents their message while providing greater knowledge to fans eager to dig deeper into the business behind their favorite sports.

o

\~

Sou rces Cant.
~ About JMI Sports, from jmisports.com
o

JMI Sports LLC is a private real estate development firm that provides leadership and management services to professional sports teams, universities and municipalities seeking to build or renovate major sports facilities and/or surrounding projects. JMI Sports was founded in 2006 upon the PETCOPark experience. Five members of our team played an instrumental role in the development of this Major League ballpark and the master planning of the surrounding area. This required skillful management of unprecedented political, legal, financial, entitlement, planning, design and construction challenges. The result is a ballpark of unparalleled beauty, character and quality that serves the needs of the team, fans and community alike, within a thriving Ballpark District that is one of the most successful urban redevelopment projects catalyzed by a sports facility. JMI Sports has valuable lessons learned from this extraordinarily complex project, in addition to many others, that can readily be applied to any team or any town

Stadium Funding UMI Data)
JMI Private Contribution JMI Public Contribution

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