Venue Detail
Everett Silvertips
Revenues From Sports Venues Pro Facilities Report
February, 2012
Everett Silvertips
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2733 Colby Ave Everett, WA 98201 Phone: 425-252-5100 Fax: 425-257-0700 URL: www.everettsilvertips.com Owner: Bill Yuill League: Western Hockey League, Western Conference, U.S. Division
Venue
Comcast Arena at Everett Events Center, 2000 Hewitt Ave., Everett, WA 98201 Owner: Everett Public Facilities District Managed by: Global Spectrum Built: 2003 Capacity: 8,200 Permanent concession stands: 10 Concessionaire: Centerplate Soft drink:
Naming rights
Sold to: Comcast Corp. Price: $7,400,000 Term: 10 years Expires: 2017
Ticket prices
Season tickets range from $395 to $660 Single tickets range from $15.00 to $30.00
Attendance
2009 average attendance: 5,701
Suites
Quantity: 20 Term: 3 to 7 years Price: $30,000 to $40,000 Seats: 12 to 12
Club seats
Quantity: 750 Term: 1 to 1 years Price: $595 to $895
Financing
The $62.5 million building is funded primarily by state sales tax rebates, although the improvements meant the city must back $6 million of the total cost. The deal uses the county's Public Facilities District to tap into state sales tax revenue. Annual sales tax money would provide $16 million to fund the $75 million debt for the arena and events center.
The hockey team has agreed to a 10-year lease on the building with options to renew for five years. The team and its games are expected to generate $745,000 a year for the building which has a total revenue projection of $6 million. (Canada, Facilities, Financial, Ice HockeyMinor, Professional Sports)