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E N Q U I R E R   L O C A L   N E W S   C O V E R A G E
Tuesday, July 8, 1997
Highlights of Reds' proposal

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These are the highlights of the Cincinnati Reds' latest written stadium proposal to Hamilton County. This proposal has not yet been agreed to by Hamilton County officials.

  • A 45,000-seat baseball park including approximately 3,000 club seats and seating in 50 luxury suites, plus an additional suite for the county's use.

  • The stadium would be built on a riverfront site mutually acceptable to the team and the county. This is the "Wedge" site between Cinergy Field and Riverfront Coliseum, although it's not mentioned by name.

  • The stadium must be comparable to other Major League Baseball facilities going into operation in the late 1990s.

  • The stadium would cost $235 million as of the year 2000. That price would be increased to account for inflation. It does not include costs associated with land acquisition, demolition costs, construction of related parking, and design costs or architectural fees.

  • The stadium would be ready for the 2002 baseball season.

  • Within 30 days of signing a Memorandum of Understanding with the team, the county must hire a consultant acceptable to the team to prepare a feasibility study of the site. The study would include estimated dates for: acquisition of land by the county; commencement of construction and completion of the stadium, parking and necessary highway improvements; availability of the stadium for baseball games; and the availability of adjacent site amenities.

  • The study would be completed by Sept. 30, 1997. If the study's results don't meet the team's approval, the Reds can walk away from the deal.

  • The county would build a parking structure and surface parking. It would include no less than 4,000 spaces adjacent to the stadium for use by the team's private suite and club seat patrons, players and team employees. The team would get parking revenues generated on days that the team plays any games or conducts baseball-related activities and promotional events.

  • The county would build other parking near the stadium. The team would get parking revenues based on a formula that assumes each car carries three fans and calculates revenues based on total attendance.

  • The team's contribution consists of several components: Revenues from a 25-cent ticket surtax; $2.5 million annually in rent for each of the first 10 years and $1 annually for the rest of the lease; and another component. The other component would consist of either a $30 million upfront payment from the team, consisting of sales of seat licenses or Charter Ownership Agreements (COAs) and other revenues or all revenues from stadium naming rights.

  • The state of Ohio would contribute 15 percent of the project costs. This is similar to language in the county's agreement with the Bengals.

  • Sales goals would have to be met by a certain deadline: 80 percent of the private suites in the new stadium; 80 percent of the club seats in the new stadium; 15,000 season tickets for the initial baseball season at the new stadium. After a certain date, the team would keep all revenue from seat license sales.

STORY
REDS PAGE

Previous stadium stories

REDS WANT GUARANTEE ON 2002 July 5, 1997
REDS SAY THEY NEED GOOD STADIUM DEAL TO COMPETE July 4, 1997
CITY, COUNTY FEUD OVER CONSULTANT July 4, 1997
REDS ASKED FOR $235M STADIUM July 3, 1997
'WEDGE' FOES DEMAND STADIUM STUDY July 2, 1997
'WEDGE' TO BE PUT TO THE TEST July 1, 1997
REDS UNMOVED BY PRICE GAP June 20, 1997
DOWLIN SAYS BROADWAY CAN SAVE $62 MILLION June 19, 1997
BALLPARK ESTIMATE: $230 MILLION June 11, 1997
RIVERFRONT SITE BETTER BET June 6, 1997
BROADWAY, 'WEDGE' ONLY OPTIONS LEFT? June 4, 1997
REDS RELENT ON WEST SITE June 3, 1997
NOTHING WILL DISLODGE REDS FROM RIVERFRONT Tim Sullivan column, June 3, 1997
REDS TO KENTUCKY? WHISPERS PERSIST May 31, 1997
NO DEAL WITH REDS SEEN BY JUNE 1 May 23, 1997
REDS EASE STANCE ON 'WEDGE' May 16, 1997
REDS MIGHT HAVE TO WAITMay 5, 1997
COSTS GOING UPMay 5, 1997
SCHOTT SAYS 'NO WAY' TO WEDGE April 12, 1997
SULLIVAN COLUMN April 12, 1997
CITY COULD PAY TO DELAY STADIUM April 10, 1997
BENGALS LEERY OF 'WEDGE' April 9, 1997

THE GREAT STADIUM DEBATE
BALLPARK DEBATE LINGERS ON April 6, 1997
NEIGHBORHOOD A BIG PART OF BALLPARK April 6, 1997
BALLPARK, FANS' HONEYMOON SHORT April 6, 1997
REDS HAVE HURDLES, HELP IN SITE HUNT April 6, 1997
KENTUCKY DESERVES REDS, TOOApril 6, 1997
BORGMAN CARTOON April 6, 1997

REDS PLAN SEAT LICENSING March 14, 1997
REDS TOLD BENGALS NOT PICKING SITE March 12, 1997
MAYOR SUPPORTS BROADWAY March 5, 1997
DESPITE FLOOD, REDS DON'T WAVER FROM RIVER March 5, 1997
BASEBALL ON MAIN PROPOSED Feb. 26, 1997
WEDGE SITE GETS BOOST FROM COUNTY Feb. 22, 1997
REDS, COUNTY RESUME STADIUM TALKS Feb. 19, 1997
ONLY CRIME IS NOT CONSIDERING BROADWAY Feb. 18, 1997
RIVER SITE OR LAWSUIT Feb. 15, 1997
REDS ARE READY TO PLAY HARDBALL Feb. 15, 1997
SCHOTT THREATENS TO MOVE IF REDS AREN'T ON RIVER Feb. 14, 1997


 
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