Venue Detail
Kannapolis Intimidators
Revenues From Sports Venues Pro Facilities Report
January, 2010
Kannapolis Intimidators
|
PO Box 64 Kannapolis, NC 28082-0064 Phone: 704-932-3267 Fax: 704-938-7040 URL: www.intimidatorsbaseball.com Owner: Smith Family Baseball League: South Atlantic League Southern
Venue
Fieldcrest Cannon Stadium, 2888 Moose Rd, Kannapolis, NC 28083-9787 Owner: Rowan County Managed by: Team Built: 1995 Capacity: 4,700 Permanent concession stands: 2 Concessionaire: Team Suite caterer: Team Soft drink: Pepsi Cola Beer: Multiple
Naming rights
Sold to: Fieldcrest Cannon Inc. Price: $200,000 Term: 10 years
Ticket prices
Season tickets range from $320 to $320 Single tickets range from $4.00 to $7.00 2007 average attendance: 1,811 2008 average attendance: 1,899 2009 average attendance: 2,005
Luxury Suites
Quantity: 6 Term: 3 to 5 years Price: $8,400 to $8,400 Seats: 12 to 12 Includes: Tickets.
Financing
The stadium was funded by the city and county with the county paying 75 percent of the total cost. Pct. public: 100
It's a little ironic that naming rights for the former Boll Weevils stadium were sold to Fieldcrest Cannon, makers of cotton sheets and other home accessories.
Rowan County approved a lease extension for the Intimidators in 2005. The deal includes an agreement for naming rights to be sold by the team's owner, Smith Family Baseball. The county is still working on a plan to transfer partial control of the ballpark to the city.
The lease extension sets a $75,000 per year rate for the venue, down about 50 percent from the previous deal. The naming rights agreement gives the team half with the city and county dividing the other half. Fieldcrest Cannon paid $300,000 for the rights. The firm was acquired by Pillowtex which went into bankruptcy and closed in 2003.
Before the county turns over control of the Venue to the city, it wants the city to pay its share of ballpark maintenance and upkeep from the opening day in 1995. The plan calls for the county to have 75 percent equity with Kannapolis to get the balance. That would give the city equity of $1.7 million. It could claim a 50 percent share of the ballpark if it paid $2.3 million. (Baseball. Facilities, Financial, Professional Sports, Venue)