Venue Detail
Philadelphia Soul
Revenues From Sports Venues Pro Facilities Report
February, 2012
Philadelphia Soul
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1635 Market St Flr 17 Philadelphia, PA 19103 Phone: 215-636-0421 URL: www.philadelphiasoul.com Owner: Jon Bon Jovi, Craig Spencer and other investors League: Arena Football One, American Conference, East
Venue
Wells Fargo Center, 1 Wachovia Complex, Philadelphia, PA 19148-5250 Owner: Spectacor Managed by: Global Spectrum Built: 1996 Permanent concession stands: 30 Concessionaire: Aramark Suite caterer: Aramark Soft drink: Pepsi Cola Beer: Anheuser-Busch InBev
Naming rights
Sold to: CoreStates Financial Corporation Price: $40,000,000 Term: 31 years Expires: 2023
Ticket prices
Season tickets range from $100 to $1,750 Single tickets range from $13.00 to $200.00
Attendance
2011 average attendance: 9,802
Suites
Quantity: 126 Term: 3 to 10 years Price: $91,000 to $205,000 Seats: 12 to 14 Includes: Tickets to Flyers and 76ers games, 2 parking passes, private club membership. Party suites lease for $2,500 to $5,000 per event.
Club seats
Quantity: 1,500 Term: 3 to 10 years Price: $6,000 to $15,000 Includes: Tickets, access to bar/lounge area.
Financing
The $206 million arena was privately financed, but the entire project, which included more than the arena, received $10 million in state capital funds.
The Wells Fargo Center is home to the NBA 76ers as well as the NHL Flyers. Once called the CoreStates Center, the name was changed in 1998 because CoreStates was purchased by another financial company, First Union. The name changed again in 2003 following another acquisition.
The most recent change came in 2010 when the name changed after Wachovia was acquired by Wells Fargo.
The facility has 1,500 club box seats. One third of the club box seats can be purchased for Flyers games or 76ers games only. Each club box contains 90 to 150 seats and has its own bar/lounge area and rest room. (Facilities, Financial, FootballArena, Professional Sports)