Venue Detail
Miami Marlins
RSV Pro Facilities Report
March, 2014
Miami Marlins
|
501 Marlins Way Miami, FL 33125 Phone: 305-623-6497 Fax: 305-626-7428 URL: miami.marlins.mlb.com Owner: Jeffrey Loria League: Major League Baseball, National League, Eastern
Venue
Marlins Park, , Miami , FL Owner: Miami-Dade County Managed by: Team Built: 2012 Capacity: 37,000 Concessionaire: The Levy Restaurants Suite caterer: The Levy Restaurants Soft drink:
Ticket Prices
Season tickets range from $810 to $10,125 Single tickets range from $9.00 to $560.0
Attendance
2011 average attendance: 19,007 2012 average attendance: 27,400 2013 average attendance: 19,584
Suites
Quantity: 50 Term: 3 to 7 years Price: $150,000 to $250,000 Seats: 16 to 22
Club Seats
Quantity: 3,000 Term: 1 to 7 years Price: $14,175 to $34,425
Financing
The Marlins will provide $155 million and fund any and all construction cost overruns except those that are governmentally caused for the $515 million ballpark. Additionally, the team will purchase from the city $100 million worth of parking spaces in the newly constructed garage and pay for all maintenance, repairs, operations and insurance on the facility.
Miami-Dade County will provide $50 million of Building Better Communities General Obligation Bond funds that were specifically allocated for the Orange Bowl site and $297 million of county tourist-tax revenues. Under Florida law, these funds are set aside exclusively for tourism-related projects.
The city of Miami, which owns the land at the Orange Bowl site, will provide $13 million, the land and the cost of the recent demolition of the Orange Bowl.
After years of struggle, the Marlins finally reached a deal with Miami and Dade County for a new ballpark. The deal cost the team its name because the agreement included the requirement that franchise be called the Miami Marlins.
The new ballpark seats 37,000 under a retractable roof, with about 60 suites and new parking facilities.
Miami operates a parking garage and pay the yearly debt payment, though the Marlins have agreed to buy most of the expected 6,000 parking spaces at between $10 and $12 over the 35-year contract. The Marlins keep any profits made from selling those spots.
If Loria sells the team the city and county split 70 percent of the profits. Those profits shrink until the 10th year, when any profit stays with the team.
All revenues, including Naming Rights, concession sales, and advertising go to the Marlins. (Facilities, Financial, MLB, Professional Sports, Venue)