Pro Venues

REUNION ARENA, Dallas

Opened: 1980.
Cost: $27 million, paid for with bonds; plus $5 million for renovations in 1987.
Venue Owner: City of Dallas.
Tenants: Mavericks (NBA); Stars (NHL)
Team Owners: Mavericks, H. Ross Perot, Jr.; Stars, Thomas Hicks.
Seating: 17,502 for basketball; 16,953 for hockey. No suites. Tickets: $5-$630 for basketball; $14-$110 for hockey.
Revenue: Teams pay the city in a complex formula that amounted to $1.6 million (4.4%) of the $36.4 million in revenue for 1995. The teams split parking with the city but keep all advertising and concession revenue.
Cost for new facility: $200 million
Public share: 21.5% ($43 million)


TEXAS STADIUM, Irving

Opened: 1971.
Cost: $35 million, financed by bonds.
Venue Owner: City of Irving.
Tenants: NFL's Cowboys.
Team Owner: Jerry Jones
Seating: 65,000; 380 sky boxes.
Tickets: $32-$46; Sky Boxes: up to $150,000 a year.
Revenue: The Cowboys keep revenues from Texas Stadium and pay the city an annual fee. The fee was nearly $1.5 million in 1995.
Cost for improvements: $125-$150 million
Public share: 100%


ALAMODOME, San Antonio

Opened: 1993.
Cost: $182 million, paid for with a half-cent sales tax increase.
Venue Owner: City of San Antonio.
Tenant: Spurs (NBA).
Team Owners: Team has 21 owners, including SBC Corp., parent of South-western Bell Telephone. Peter Holt is majority owner, with 30% of the club.
Seating: 35,300; 38 club suites.
Tickets: $15-$47; floor seats $55-$225, includes parking and dinner. Suites, $65,000-$100,000 a year.
Revenue: Spurs get most of the game-day revenues and pay a portion of advertising, concessions and parking to the city as rent. The city got $275,000 from advertising in 1995-96. Cost for new facility: $100 million.
Public share: 80% ($80 million).


ASTRODOME, Houston

Opened: 1965.
Cost: $36.5 million, privately funded. Venue Owner: Harris County.
Tenants: Oilers (NFL) and Astros (MLB)
Team Owners: Oilers, Bud Adams; Astros, Drayton McLane
Seating: 59,900 for football; 54,221 for baseball; 53 sky boxes; 63 "Star Colombia" suites.
Tickets: Football, $20-$38; sky boxes, up to $45,000 a year; star suites, up to $57,500 a year. Baseball, $4-$19; $288 a game for sky box; as much as $1,600 a game for star suite.
Revenue: Teams split advertising and ticket revenue. Though the county owns the Astrodome, Astros owner Drayton McLane, Jr., manages the facility, and he pays about $1 million a year to Harris County, which is responsible for stadium upkeep.
Cost for new baseball facility: $265 million
Public share: 68% ($180 million)
Note: In 1997, the football Oilers are to move to Nashville, which is building a stadium for them.


THE SUMMIT, Houston

Opened: 1975.
Cost: $18 million, paid for with bonds (land donated).
Venue Owner: City of Houston.
Tenant: Rockets (NBA)
Team Owner: Les Alexander
Seating: 15,000; 20 Summit Boxes.
Tickets: $11-$365; as much as $70,000 yearly for luxury box.
Revenue: Rockets share advertising revenue with the city; concessions and parking are contracted out by the city. For the last three years, the city has received $10,000.
Cost for new facility: $175 million
Public share: 66% ($115 million)
Note: The new facility would include a convention center, accounting for $58 million of the $175 million total.


Total cost for all new facilities: $890 million

Public funding: $569 million (64%)
Private Funding: $321 million (36%)

Sources: USA Today, Texas Comptroller of Public Accounts, John Sharp, individual teams, other news sources

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