CSNbbs

I just found this item on the UT Board of Regents agenda for the next regular meeting that they're having, August 22-23; they will be discussing the extension of the license agreement of the use of the Alamodome so that the contract expires in 2035 instead of the current deadline of 2015.

http://www.utsystem.edu/sites/utsfiles/o...8-12AB.pdf (pg. 457):

"License Agreement - U. T. San Antonio: Authorization to extend and modify the license
agreement with the City of San Antonio, Texas, for use of the Alamodome during certain
intercollegiate football events

Description: Revised and Restated Alamodome License Agreement for U. T.
San Antonio intercollegiate football games, practices, walk-throughs,
and other related intercollegiate football events. The Revised and
Restated License Agreement replaces and supersedes the original
Alamodome License Agreement (Original Contract), which was
approved by the Board of Regents in February 2011. The term of the
Original Contract expires December 15, 2015, and provides U. T.
San Antonio with two additional one-year renewal periods. The
Revised and Restated Agreement permits U. T. San Antonio to use
the Alamodome through 2035. Authorization is requested for U. T.
San Antonio’s Vice President for Business Affairs to execute the
agreement on completion of negotiations and approval by the Real
Estate Office.

Licensor: City of San Antonio

Term: Commencing on the effective date of the Revised and Restated
License Agreement and continuing through December 15, 2035, with
rights for U. T. San Antonio to terminate on certain events, such as
dissolution of U. T. San Antonio’s football program, the acquisition of
the University's own football stadium, or events related to material
changes to the Alamodome that cause the Alamodome to no longer
be suitable for U. T. San Antonio’s purposes.

License Costs: Approximately $9,375,000 in expense reimbursement to Licensor
for the initial term and four option periods. The estimated expense
reimbursement is based on $60,000 in reimbursements per game
for each game with an estimated attendance of 35,000; there are
typically six games per year. The reimbursements are for the actual
costs (without mark-up) of services provided by Licensor for each
game and will vary depending on actual attendance; the rates for
services are subject to annual adjustment by Licensor.

Source of Funds: Auxiliary Funds"

I'm actually not really surprised that UTSA wants to have the agreement extended. However, what do you guys think about this?

Very smart move.............. great location that brings in revenue for the entire city. With the bus service from the university, it makes it easy for students as well.

It's a win win. We secure the dome for the long term, but have the option to get out if we want to. Good deal.

An update on this situation: the Alamodome contract extension has been approved by the UT Board of Regents (http://www.utsa.edu/today/2012/08/borrecap.html). Now it's up to the San Antonio City Council to pass the proposal for the contract extension to be official (which in all likelihood will pass).

City could extend UTSA football's contract with Alamodome through 2035 - http://www.woai.com/content/sports/spurs...px?rss=323

http://radio.woai.com/cc-common/news/sec...e=10390589

Long Term Improvements for Alamodome Seen in UTSA's 23 Year Contract: city will agree to allow UTSA Roadrunners to play home football games in Alamodome through 2035!

"The city is making a long term bet on the future of the Alamodome, 1200 WOAI news reports.

City Council this week will approve a measure which extends the contract for UTSA football to play its home games in the dome all the way through 2035.

That means that the city is committed to keeping the twenty year old Alamodome up to date, says Dr. Susan Blackwood, who heads San Antonio Sports.

"In an effort to bring the Final Fours to San Antonio, major improvements are being made, not using tax dollars," Blackwood said.

The long term contract guarantees that the Alamodome will still be standing in 23 years, and that it will be a world class facility which will house all of the major events, like the NCAA Final Four and major football bowl games like the Champions Bowl, which San Antonio is bidding to host, which would bring together the winners of the Big Twelve and SEC conferences.

San Antonio got rejected last year when the NCAA voted not to award any Final Four March Madness tournaments to San Antonio, moving in favor of newer stadiums like Cowboy Stadium in Arlington.

But Blackwood says the luster of those fancy new facilities is fading.

"Not everything that has been said about these new facilities is absolutely true," Blackwood said. "Not everybody is happy about going to Arlington and not having hotel rooms that are close and other conveniences."

One attraction to the Alamodome has always been its proximity to the downtown Riverwalk tourist area, with it's huge number of hotels, restaurants, and attractions.

The long term deal also insures that UTSA will not be building its own new stadium at its athletics complex for at least a generation. UTSA is building several sports facilities at 1604 and Hausman Road, and at one point planned to build a 30,000-seat football stadium at the spot."

Just to reiterate, this vote by the City Council is on Thursday:

http://www.kens5.com/news/local/UTSA-wan...36716.html (there's a video in this article)

Alamodome home of the Roadrunners? Council to vote on multi-million dollar deal

"The UTSA football team wants to call the Alamodome home for decades to come.

But it depends on a vote by San Antonio City Council and it's under this uncertainty that UTSA prepares for its home opener on Saturday.

San Antonio City Council will vote on a multi-million dollar agreement with the university to keep the Roadrunners at the Dome until 2035, essentially punting on the idea of UTSA building its own stadium.

When UTSA played its first home game, many thought the Dome would be a temporary home, but on Thursday city council will vote to extend the contract with the university to 2035.

The deal could score the San Antonio nearly a million dollars a year.

In the financial details of the deal UTSA gets all ticket, souvenir, and programs sales, as well as advertising rights in the Dome.

In return UTSA will pay the city around $32,000 a game and the city will get all concession and parking revenues.
Nearby businesses and employees say they will also benefit from the deal if it passes.

Neither the city or the university would comment on the deal until after Thursday's vote."

(08-20-2012 08:05 AM)Yankee Runner Wrote: [ -> ]It's a win win. We secure the dome for the long term, but have the option to get out if we want to. Good deal.

As most remember the Alamodome was practically in moth balls prior to UTSA. Agree the city and UTSA win. It's a great venue for college sports.

Jerry Briggs chimes in on this story (note the sentence on UTSA getting 100% of the revenue of 50 suite in the new agreement as opposed to 40 in the old agreement) :

http://blog.mysanantonio.com/utsa/2012/0...ough-2035/

"A new deal is in the works that could keep the UTSA Roadrunners playing football at the Alamodome through 2035.

City Council will take up the issue Thursday morning.

UTSA is in the second year of the initial deal that gave it the right to play at the 65,000-seat downtown stadium through 2017.

Approved in 2010, it was a five-year deal with two additional one-year extensions.

The new agreement would take effect immediately.

Major revisions for UTSA include additional opportunities for suite and parking revenues.

Under the old agreement, UTSA received 100 percent of the revenue for 40 suites and 50 percent of the revenue for another 10 suites.

UTSA now will get 100 percent of the revenue for 50 suites. The city will retain two for its own use.

The deal essentially ends the possibility that UTSA would build its own stadium, which was always considered a low priority because of the appeal of the dome."

http://www.mysanantonio.com/sports/colle...843071.php

A deal is in the works that would keep the UTSA Roadrunners playing football at the Alamodome through 2035.

City Council is scheduled to look over a revised agreement with UTSA today.

The school is in the second year of the initial deal that gave it the right to play football at the city-owned downtown stadium through 2017.

Approved in 2010, the first agreement took effect for the team's inaugural season last fall and extends through 2015, with two additional one-year extensions.

Officials aren't commenting on the proposed contract, which would replace the old one and take effect immediately.

But UTSA coach Larry Coker said he likes the idea of the university extending its option to play at the 65,000-seat dome, which opened in 1993.

“It is a great atmosphere there,” Coker said after practice Wednesday morning. “I like it because, to me, it's a beautiful facility, for one. It caters to downtown, more than just (Loop) 1604 and (Interstate) 10. I tell you, it's a terrific place to recruit to and to play.

“If we sign a 25-year lease, I'm happy with that.”

If City Council approves it, the agreement would give UTSA some added revenue potential in suites and parking.

At the same time, it would give the city an anchor tenant and a steady revenue stream for the next 24 years.

Notebook: Cornerback Erik Brown and safety Nic Johnston are expected to play in the home opener Saturday against Texas A&M-Commerce.

Neither traveled to South Alabama last week.

Brown sat out the 33-31 victory with a bruised shoulder. Johnston, who plays dawg safety in the team's 4-2-5 defensive alignment, wasn't available due to a violation of team rules.

The Roadrunners are expected to start Steven Kurfehs at dawg safety for the second game in a row, with Johnston available for depth purposes.