Quote:
Originally Posted by You Need a Thneed
Every row of seats you add around the arena costs slightly more to build than the previous row. The most expensive seats in the arena to build are the ones in the back. meanwhile, those seats bring in the least amount of revenue. Also, it's always best for ticket prices (for the team), if the supply is slightly less than the demand. You don't want to have 21000 seats, when the demand is only 20000.
That's why there won't be 21000 seats in the new arena.
|
The seats above the press boxes cost what? $35 a seat? If you have 18,000 'prime' seats, and 3,000 more 'press box seats'....you're adding approximately. $100,000 per game in ticket revenue, plus concession revenue.
Over 48 games, that is $5 million in additional revenue, and over a 30 year lifespan for the arena, it equals over $150 million in ticket revenue alone. I would imagine concession revenue is also quite a bit per game, as fans up there tend to be rowdy and drink a lot.
Still not worth it? Considering it gives middle/lower class people the ability to buy tickets, I would absolutely say it is worth it. Not everyone can afford to pay $100/game for a single ticket, and if they go with the AVERAGE family of 4, the cost of going to a game can be up to $400. If you buy Sportchek Zone tickets or upper level seating, the cost is around $200/game.
But it all depends on demand. If there is a 10,000 person waiting list for season tickets, and a waiting list for suites....plus good demand for game packs and single game tickets...it is worth it. But obviously if there isn't much demand for more than 19,289 tickets, there isn't much point in adding the additional 2,000 seats.