Venue Detail
San Diego Padres
Revenues From Sports Venues Pro Facilities Report
January, 2010
San Diego Padres
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100 Park Blvd San Diego, CA 92101 Phone: 619-795-5000 Fax: 619-497-5350 URL: www.padres.com Owner: John Moores, Jeff Moorad and other investors League: Major League Baseball National League, Western
Venue
Petco Park, 100 Park Blvd, San Diego, CA 92101 Owner: City of San Diego and San Diego Padres Managed by: Team Built: 2004 Capacity: 42,000 Concessionaire: Sportservice Suite caterer: Sportservice
Naming rights
Sold to: Petco Price: $60, 000,000 Term: 22 years Expires: 2025
Ticket prices
Season tickets range from $972 to $3,240 Single tickets range from $10.00 to $65.00 2007 average attendance: 34,445 2008 average attendance: 29,970 2009 average attendance: 23,735
Luxury Suites
Quantity: 50 Term: 3 to 7 years Price: $85,000 to $170,000 Seats: 16 to 22
Financing
When the ballpark was approved by voters, it wasn't even close with a vote of 57 percent to 43 percent. Opponents, who had a war chest of about $25,000 against the $2.5 million spent by the proponents, vowed to fight the issue in court.
The plan called for $411 million in ballpark and other retail construction to take place on land downtown in need of redevelopment. The team agreed to a 30-year lease on the venue. The ballpark will be part of a Sports Entertainment Planning District near the city's convention center.
After the delays, the final cost of the ballpark came in at about $450 million. The final financing plan included $210 million from the city based on hotel taxes, $75.4 million from the City Center Development Corp. and $21 million from the Port of San Diego. The Padres invested $146.1 million. Pct. public: 66
Work on the Padres' new ballpark resumed in 2002 after a one year hiatus while the city defended itself against lawsuits. The city won all the suits, but they delayed work on the 42,000-seat venue, pushing the opening to 2004. The city held up its $166 million bond sale while it fought off challenges to a 1998 election where voters approved a ballpark funding plan.
Work on the ballpark started with funding from the Padres, but the team cut off money in late 2000 when no date for the bond sale could be set. Construction work also stopped at that time.
While 20 percent of the ballpark's seats will be $12 and under, those seeking greater comforts will have plenty of options. Several private clubs will be in the ballpark, including one with a window view of the team's warm up area and batting tunnel.
The ballparks' 50 luxury suites required a one-time membership fee ranging from $60,000 to $90,000. The Padres' Premier Club is located behind home plate where seats required an initial fee of $3,500 to $5,000. Dugout seats required an initial fee of $17,500 to $20,000. Access to a private restaurant and food cost is included. Club seats in the rest of the ballpark ranged from initial fees of $750 to $3,500.
The Padres agreed to $500,000 a year in rent and own 30 percent of the venue. The team was concerned about keeping the cost of the ballpark under control since it is responsible for cost overruns. The team wanted complete control over change orders, but agreed to let the city have some control under certain conditions. (Facilities, Financial, MLBTeamNat, Professional Sports, Venue)