7,300 in club ($125/piece) ($912,500)
1,544 in suites ($175/piece) ( 270,200) + 100-200k for the indiv. suite
56,206 in seats (75/piece) ( 4,215,450)
8 games a year guaranteed means 43,185,200 in just ticket sales every year. Plus you figure average of 150k per suite and there are 129 suites so add another 19,350,000 to that
Therefore just in game day ticket sales they are producing 62,535,200 per year. Add to that whatever they make in food and drink, merchandise, or their guaranteed 2 preseason games or any postseason games they might have. Anyway you look at it, the Steelers are bringing in some major bank, and who knows what they are doing for local businesses, hotels, and other establishments. I’ll bet that it’s easily over another 25 million/year. For the city to spend $158 million on it (http://www.steelergridiron.com/information/newstadium.html) that is a pretty smart investment. They should now be breaking even sometime this year and begin actually making money on the investment based on what the local economy is getting because of the games.
Sure that’s a lot of coin, but those are gross #s. Take out the cost of all the employees who work at the stadium, the cleanup crews who spend the entire next day cleaning it up, the utility bills and all the other costs associated with running an NFL game, and you start to see that it’s not bringing those numbers to the bottom line.
Whatever does hit the bottom line goes to the Rooneys. They make their money in a stadium built with tax dollars. It’s a great business model, I’d love to be able to pull that off.
I’m not arguing the amount of money that the Steelers make, I’m just saying that by building the stadium, and therefore creating the jobs and the income streams that trickle down to other parts of society outside of the football players pockets, that it helps the city.
Basically, you are backing up my idea by saying how they have to pay people to man the stadium, to upkeep it, etc…
Yeah, I do understand that it “creates” other jobs, although very few full-times ones.
I just disagree with the politics of the whole thing. Plenty of large businesses bring jobs to this city, but a select few had the kind of public funding that the stadium did.
Gee, I wish the city, county and state were interested in helping other business people make money. It would have been nice to have modernized the steel mills, revitalized the steel industry, etc. instead of tearing them down and loosing all those jobs. I would like to have the city build me a car collectors museum. I’m sure I could create soom jobs too.
Didn’t they have all that time and grant money to modernize at the end of the 90’s? It was to fight the importing of steel. Most used the money to increase production and make more money not looking at the big picture. Someone who lives closer to Pittsburgh can shed some light.
They get a different kind of funding. They get tax breaks or complete immunity from taxes and other benefits. They are getting money, just a different way.
If you have any questions, just look at how Westinghouse was lured to try and build its new world HQ in the city. They wined and dined the shit out of them. But, they went to Cranberry anyway.
My guess is you are, at least, what, 35 years old? No young person is going to cry about steel mills.
And even if I’m wrong on your age, I’m right on this. That is the most asinine statement I’ve read on Pittspeed in a long time, and if you weren’t a n00b, you’d know THAT is a hell of a statement. The depth and breadth of your ignorance on the steel industry in Pittsburgh is mind boggling, that is a such an ignorant and foolhardy statement that I’m curious if you might be our president.
I agree, almost none of the commerce created by a football team involves people moving here for a job, it’s all very inconsistent. A big company or two might have helped bring people back here.
If half the Pittsburghese speaking football fans traveled out of this area more than once every 5 years, the population would be dropping even faster.
I’ve stayed a while and it’s been pretty good, but I don’t plan on staying much longer.
What on earth does prices SCALPERS (ticket resalers) have to do with the amount an event brings in. Also, you do realize that the city/county gets money from the amusement tax that is only a small fraction of the original selling price.
Number of tickets sold is meaningless, the total value of all tickets sold is the only amount that is meaningful.
Go check out the Marriott near the arena the afternoon before a lot of Pens games and also Pirates games. You will see a lot of people that are guest of the hotel wearing opposing teams jerseys. This is incredibly noticeable when teams from NY, NJ, OH, and Canada come to play.
As of last fall, the Steelers only paid roughly $5 million/year (around $40 million) since 2000 in local taxes to the city/county due to Pittsburgh’s 5 percent amusement tax, 5 percent payroll tax, 1 mill business privilege tax, 1 percent wage tax, 3 percent facility usage fee and $52 local services tax, which is borne by employees.
No, I don’t think so. I really don’t recall the state, county or city for that matter building new factories to help the steel industry. I don’t remember any help to modernize. I don’t remember a vote to see if we should fund a steel plant. I do remember the people of the Pittsburgh area saying no to funding the and the Steelers, Pirates and now the Pens getting special treatment.
Don’t get me wrong, sports are ok but they should not come first or even second when bridges are closed because they are falling apart, streets and roads with potholes, drink taxes being levied on the working person to fund a bankrupt transit system.
And to make your point you resort to insults and character assassination. To bad you can’t permit someone to have a different opinion other than your own. Grow up.
first of all you don’t know what the fuck you are talkin about… i work down here EVERYDAY… ESPECIALLY in the summer people are comming from outta town… cincy, st louis and chicago travel to pittsburgh very well. even when people are just coming in to see family in the summer they usually hit up a pirates game… secondly do you think the bars on the northside stay in business because of 16 steelers games? haha… anyway thats exactly what people do after the pirates game… they hit up the places right outside the park and if they are from outta town they go back to the hotels downtown.
again your stupidy is astounding… every sunday game is an aftertoon game but other than than that we only have 7 weekday day games this season. thats 7 outta 81… did you make it outta grade school with those math skills? But yes there is games with low attendance but the average was still 24K.
the pirates make the games affordable for college students… the penguins didnt have to but they still held tickets back for college students…what’s dan rooneys problem… he’s makin enough money why can’t he do the same?
here is something else that is interesting… while i can speak for what they donate privately, as an organization, the pirates donate to local charities double what the steelers and pens do combined.
