Friday, May 05, 2000
Luxury suites at unbuilt Reds park set sales record
By Robert Anglen
The Cincinnati Enquirer
In a pregame — preballpark — opener, Cincinnati has beat a record set by the Pittsburgh Pirates for the quickest sale of luxury suites.
On Thursday, 37 days after suites went on sale for the new Reds stadium, team officials said all 57 had been sold.
That smashes the record for Major League Baseball suite sales held by Pitts burgh, which sold out luxury boxes for a new stadium in 61 days.
The $280 million Reds stadium is scheduled to open in 2003, and officials say the early sales are a “wonderful sign of the significant support” for the team.
The rapid sales have come even though much of the stadium design remains a mystery, with renderings and models shown only to a select handful of city and county officials.
Businesses, including The Cincinnati Enquirer, have paid $25,000 each to reserve the boxes, with annual rental costs ranging from $50,000 to $120,000, not including tickets and catering.
Another five companies — Gradison McDonald Investments/Key Corp., Delta Air Lines/Comair, AK Steel, Clear Channel and GE Aircraft Engines — have scooped up six larger “founders' suites,” which required a prepaid 10-year lease.
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