A few interesting tidbits came out of the student meeting on the stadium this week.

Temple says that they currently receive only 10% of the concessions. With the new stadium this will jump to 100%. Currently Temple receives 0% percent of the parking fees this will increase to 100%.

Parking is currently $20 and will certainly make it to $30 by the time Temple leaves the Eagles stadium.

When all is said and done, Temple feels that by year five of the new stadium (2023), the university could be looking at $4 mil to $5 mil in bottom line profit from a campus stadium from concessions and parking alone.

Note: The Board of Trustees will meet on Monday to discuss the stadium. Most likely they will approve the hiring of firm to develop a prelimary design.

They also will most likely approve funds for a study to determine how to best address community issues such as traffic, parking, noise, trash, etc.

Great for Temple. Great for the AAC.

It will be the 3rd new stadium in the AAC as well as a major upgrade by UC.
What other conference can match that?

Temple, like other AAC schools, is hiring and retaining quality coaches. What G4 conference can say that?

Good luck.

$5M would probably be low considering the amount of high value individuals would shell out for a suite or premium seating if it was provided. Philly is the 4th largest city in the country, there will be people coming out of the woodwork left and right after this season if they can continue their success.

Most college football stadiums below the P5 level are not profit centers. I'd be interested to see the numbers.

(02-02-2016 05:05 PM)3601 Wrote:  Most college football stadiums below the P5 level are not profit centers. I'd be interested to see the numbers.

Most CFB stadiums are THE profit center for programs, especially at the G5 level where TV money is pennies in comparison.

Thanks for posting this OP, it's like a glimpse into the future of the SDSU/Chargers situation if the city bends over for the Chargers.

Happy for you guys, Owl fans.

(02-02-2016 05:29 PM)k5james Wrote:  

(02-02-2016 05:05 PM)3601 Wrote:  Most college football stadiums below the P5 level are not profit centers. I'd be interested to see the numbers.

Most CFB stadiums are THE profit center for programs, especially at the G5 level where TV money is pennies in comparison.

I'm not challenging you on that statement, because finding a detailed P&L on a university stadium has been a bit difficult for me. Perhaps I'm just not searching correctly.

Obviously, Profit/Loss is all dependent upon rent charged the tenant (university football team & other) and how expenses/debt service are allocated, etc.

If you could point me to a few that you consider representative that I could review, I'd greatly appreciate it......thanks.

(02-02-2016 01:57 PM)Philly Brian Wrote:  A few interesting tidbits came out of the student meeting on the stadium this week.

Temple says that they currently receive only 10% of the concessions. With the new stadium this will jump to 100%. Currently Temple receives 0% percent of the parking fees this will increase to 100%.

Parking is currently $20 and will certainly make it to $30 by the time Temple leaves the Eagles stadium.

When all is said and done, Temple feels that by year five of the new stadium (2023), the university could be looking at $4 mil to $5 mil in bottom line profit from a campus stadium from concessions and parking alone.

Note: The Board of Trustees will meet on Monday to discuss the stadium. Most likely they will approve the hiring of firm to develop a prelimary design.

They also will most likely approve funds for a study to determine how to best address community issues such as traffic, parking, noise, trash, etc.

Actually, almost all concessions are run by vending/concession companies so the $$ earned are shared/split with those running the concessions (percentage varies per contract) and while Temple could keep parking revenue, game day costs for staffing (from parking lots/garages to security to clean-up to stadium staffing, etc...), all are calculated into real dollar figures as well.

Remember, the #1 benefit of an on-campus stadium (and to a less extent, an on-campus arena), is that Alumni that COME BACK TO CAMPUS and see the growth of their school are more likely to DONATE $$$ to both the Academic Funding Side and also the Athletic side...and football games are the #1 event that brings Alumni BACK to their schools (#2 event is men's college basketball games played on-campus).

Those schools that don't have an on-campus stadium or an on-campus arena (believe Memphis is the only AAC school that has neither), are missing out as far too many of those alumni do not come back to campus...thus lose a connection to the school as all studies show that they are less likely to donate future $$$ back to their school.

Investments in new on-campus stadiums/arenas are long-time investments...as they will have impact on their alumni base for decades to come.

(02-02-2016 05:29 PM)k5james Wrote:  

(02-02-2016 05:05 PM)3601 Wrote:  Most college football stadiums below the P5 level are not profit centers. I'd be interested to see the numbers.

Most CFB stadiums are THE profit center for programs, especially at the G5 level where TV money is pennies in comparison.

This is true. A slightly better way of phrasing it might be "Ticket sales and concessions are THE profit center..." but that's beside the point as football stadiums hold a lot more people. Even at many of the P5 schools a good chunk of their revenue is driven by ticket sales and concessions.

Random P5 samples from this report.
Click each link.
Iowa gets ~25% of their revenue from ticket sales.
Auburn ~26%
Michigan ~33% (about the same as their TV rights + licensing)
Miss St ~20%

Some AAC examples.
ECU ~18%
Memphis ~17%
UCF ~10%

^^^While these AAC #'s might not seem that high, consider that there is no loss to the school or students. I wouldn't consider student fees to be a "profit center". IMO, the AAC public schools rely too heavy on them but it's a necessary evil unfortunately. Even ECU's student fees + school funds exceed our combined donations + ticket sales.

(02-02-2016 10:23 PM)oldtiger Wrote:  

(02-02-2016 05:29 PM)k5james Wrote:  

(02-02-2016 05:05 PM)3601 Wrote:  Most college football stadiums below the P5 level are not profit centers. I'd be interested to see the numbers.

Most CFB stadiums are THE profit center for programs, especially at the G5 level where TV money is pennies in comparison.

I'm not challenging you on that statement, because finding a detailed P&L on a university stadium has been a bit difficult for me. Perhaps I'm just not searching correctly.

Obviously, Profit/Loss is all dependent upon rent charged the tenant (university football team & other) and how expenses/debt service are allocated, etc.

If you could point me to a few that you consider representative that I could review, I'd greatly appreciate it......thanks.

I've found a few online and it seems like the cost just for utilities and preventative maintenance can be more than the $5 Million that you bring in for concessions and parking.

(02-02-2016 05:29 PM)k5james Wrote:  

(02-02-2016 05:05 PM)3601 Wrote:  Most college football stadiums below the P5 level are not profit centers. I'd be interested to see the numbers.

Most CFB stadiums are THE profit center for programs, especially at the G5 level where TV money is pennies in comparison.

If you are UT and you can sell 100k seats per game with an average price of $70 per seat...then yea.

However, if you are a C-USA school and you might be able to sell 20k seats per game for chump change then maybe not.

City of Memphis loses $1.5 Million per year on Liberty Bowl Memorial Stadium.

http://www.localmemphis.com/news/liberty...y-for-city

I interpreted the $5 mil profit figure as money that Temple wanted to point at and say that this would be going to the Eagles not Temple if we don't build the stadium.

So, if Temple has their own stadium, the rent money that would have been paid to the Eagles covers 70% of the cost of building the new stadium. The remainder will come from donations from private individuals and corporations

Temple will also now see another $5 mil from parking and concessions.

There is no need to go after students to get money for the stadium. The taxpayers also won't need to contribute.

(02-03-2016 08:16 PM)Philly Brian Wrote:  I interpreted the $5 mil profit figure as money that Temple wanted to point at and say that this would be going to the Eagles not Temple if we don't build the stadium.

So, if Temple has their own stadium, the rent money that would have been paid to the Eagles covers 70% of the cost of building the new stadium. The remainder will come from donations from private individuals and corporations

Temple will also now see another $5 mil from parking and concessions.

There is no need to go after students to get money for the stadium. The taxpayers also won't need to contribute.

Most Student Government Assoc generally agree that any extra cost to enhancing the on-campus student lifestyle is worth an investment.

Temple students already pay $295 per semester in student fees which includes free admission to sporting events...and odds are if a stadium is ever built on Temple's campus, that fee will probably go up with Temple SGA approval.

(02-03-2016 05:51 PM)3601 Wrote:  City of Memphis loses $1.5 Million per year on Liberty Bowl Memorial Stadium.

http://www.localmemphis.com/news/liberty...y-for-city

they could double our rent, and we'd still be getting a good deal...

Memphis pays 35,000 per game, and 25,000 per game to use the video board, and PA system.

USF pays 145,000 per game, plus a 2.50 ticket fee that goes to stadium maintenance

Temple pays the Eagles 1 million per season, for 6 guaranteed home games...Eagles want to double Tempe's rent to 2 million per year.

we're pretty damn lucky with LBMS

(02-04-2016 10:16 AM)UofMemphis Wrote:  

(02-03-2016 05:51 PM)3601 Wrote:  City of Memphis loses $1.5 Million per year on Liberty Bowl Memorial Stadium.

http://www.localmemphis.com/news/liberty...y-for-city

they could double our rent, and we'd still be getting a good deal...

Memphis pays 35,000 per game, and 25,000 per game to use the video board, and PA system.

USF pays 145,000 per game, plus a 2.50 ticket fee that goes to stadium maintenance

Temple pays the Eagles 1 million per season, for 6 guaranteed home games...Eagles want to double Tempe's rent to 2 million per year.

we're pretty damn lucky with LBMS

I agree.

I could see you making money on concessions but where is everyone going to park and tailgate in the city. The Linc has a great parking and tailgating, and a great party atmosphere in the Verizon Center before and after the games. I like the atmosphere down there for Temple, Eagle and Phillies games prior to the games and afterward. By the way are they going to sell beer at the stadium. I can get beer at the Linc during Temple games.

Good luck and enjoy the new stadium if it comes through. I'll be happy to take a game in there if you can guarantee safe parking and keep my car from getting stolen or vandalized while I'm at the game.