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The Rocky Mountain Collegian

The Student News Site of Colorado State University

The Rocky Mountain Collegian

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The Rocky Mountain Collegian

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The on campus stadium by the numbers

All numbers are estimations.

Total cost: $246 million with a target opening of August 2015.

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Gross Square Feet of Stadium & extensions: 640,866

Number of seats: 42,000, priority seats 8,000

( They have many priority seat concept seats for extra revenue such as priority, loge boxes, luxury seats, club suites, club seats and field level club membership. PG 92)

Program Related Costs ($31.1M)
1,551 Car Parking Garage (1,551 spaces X$20K/space= $31M) or two garages of 751 spaces (approximately $15M) and 800 spaces ($16M).
Parking Garage($25K)

Local Street Improvements ($1.25M)
Additional Traffic Signal Heads for Turn Lanes of Traffic (4@25K=100K)
Potential for Reversible Lanes of Traffic Near the University (Prospect & Mulberry $250K each =$500K)

Total Project Funding Source: (this may be harder to read then looking at page 108, its an info graph which makes it easier to see where these numbers are being allocated. I think it would be good to have this graph in the corner to kind of put all the numbers together. It also maybe too much info so just using how much money each category will be making towards upkeep will be fine.)

1) Private donations: $45 million to $220 million
2) Corporate naming and sponsorships: $3.45 million to $4.8 million
3) Premium seating $3.7 million to $6.7 million
4) Event fees and other revenue: $.44 million to $1.4 million
5) Ticket revenue: $4.3 million to $9.8 million
6) Concessions, merchandise and parking: $.96 million to $3.2 million

(Each section is what will help to pay for expenses as well as the amount of funding it will give)

2 + 3 + 4 = Revenue Streams
Annual Revenue: $7.6 million to $13 million
Financed: $128 million to $217 million

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5 + 6 = Stadium Expenses: $2.8 million to $4 million

1 + 2 + 3 + 4 = Total Project Funding Sources: $173M – $437M

Source: colostate.edu/stadium

 

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