Venue Detail
Golden State Warriors
Revenues From Sports Venues Pro Facilities Report
January, 2010
Golden State Warriors
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1011 Broadway Oakland, CA 94607-4019 Phone: 510-986-2200 Fax: 510-986-2202 URL: www.nba.com/warriors Owner: Chris Cohan League: National Basketball Association Western Conference, Pacific
Venue
Oracle Arena, 7000 Coliseum Way, Oakland, CA 94621-1917Owner: City of Oakland Managed by: SMG Facility Management Built: 1966 Capacity: 19,200 Permanent concession stands: 14 Concessionaire: The Levy Restaurants Suite caterer: The Levy Restaurants Soft drink: Pepsi Cola Beer: Multiple
Naming rights
Sold to: Oracle Corp. Price: $30, 000,000 Term: 10 years Expires: 2016
Ticket prices
Season tickets range from $645 to $19,350 Single tickets range from $15.00 to $500.00 2007 average attendance: 18,104 2008 average attendance: 19,630 2009 average attendance: 16,942
Luxury Suites
Quantity: 72 Term: 3 to 8 years Price: $80,000 to $150,000 Seats: 16 to 16 Includes: Tickets, parking.
Club seats
Quantity: 3,900 Term: 1 to 1 years Price: $5,590 to $7,525 Includes: Tickets, parking, private restaurant, in-seat wait staff.
Financing
The $25 million arena was built as part of a city/county bond issue that also financed the Coliseum. Pct. public: 100
In February 1996, the Golden State Warriors reached an agreement in principle with the Oakland Coliseum Board of Directors that will keep the team in the Coliseum Arena. The arena received a $121 million renovation in 1998, which provided 4,200 more seats (bringing the arena total to over 19,000), 72 luxury suites and 3,900 club seats on a private concourse level. Renovations included a retail store and a sports bar.
A state judge ruled against the team in 2001, saying it must pay a $17 million judgement assessed by an arbitrator in a 2000 ruling in the team's dispute with the Oakland-Alameda County Coliseum Authority. The team had been refusing to pay rent and ticket revenues since it moved into the renovated building in 1997.
The Authority agreed to a $140 million remodeling project in exchange for a 20-year lease from the team. The team claimed various problems with the agreement, including a player walk-out in 1998 resulting in cancellation of part of the season.
As for revenue division, the sports authority gets the first $7.428 million from the building, including luxury suite leases. After that, the money is divided according to a schedule. The team gets the first $3.6 million in signage sales, then must divide the revenue.
The arena offers party suites leasing for $1,600 to $4,000. (Facilities, Financial, Professional Sports, Venue)