Ryle
Starter
Here is the info about the financing of PNC Park where the Pirates play and is partly owned by Kevin Mclatchy of the Bee's Mclatchy family:
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PNC Park
Pittsburgh, Pennsylvania
Tenant: Pittsburgh Pirates (NL)
Opened: March 31, 2001 (exhibition against the New York Mets)
First regular season game: April 9, 2001 (8-2 loss to the Cincinnati Reds)
Construction began: April 8, 1999
Surface: Grass
Capacity: 38,365 (baseball only)
Architect: HOK Sport (Kansas City) and L.D. Astorino & Associates (Pittsburgh)
Construction: Dick Corporation (Pittsbugh) and Barton Malow (Baltimore)
Owner: City of Pittsburgh Sports & Exhibition Authority
Cost: $262 million ($237 million for construction, $25 million for site acquisition)
Lease: 25 year lease is probable
Pittsburgh Pirates tickets:
Dimensions: Left field foul pole: 325 feet; LF power alley: 386 feet; left-center: 389 feet; deep left-center field: 410 feet; center field: 399 feet; RF power alley: 375 feet; right field foul pole: 320 feet; backstop: 52 feet.
Fences: Left field: 6 feet; left-center and center field: 10 feet; right field: 21 feet.
Pittsburgh Mayor Tom Murphy established the Forbes Field II Task Force in 1995 to study various issues relating to the building of a new ballpark in Pittsburgh. It was made up of 29 business and political leaders in the Pittsburgh region, and received testimony from a number of experts and interested parties, including Kevin McClatchy, HOK Sport and the Society of American Baseball Research. Their final report was issued on June 25, 1996, and settled on the so-called "North Side" site, one block from Three Rivers Stadium, as the best choice for a location for the new ballpark.
From its north side site, the park provides a dramatic sweeping view of downtown Pittsburgh. The Allegheny River and Roberto Clemente (6th Street) Bridge also provide prominent landmarks in the ballpark vista. The steel structure, stone front and pilasters, dramatic masonry arches along the homeplate entryway, and a steel roof evoke memories of Forbes Field. The archways lead to a public arcade, open year round, that features shops, restaurants, and a Pirates Hall of Fame. The ballpark fits snuggly into the exisiting city grid, similar to classic urban parks like Wrigley and Fenway.
The park is the smallest in the majors next to Fenway Park (which may be replaced soon). With 38,127 seats, each seat provides intimate views of the field. Seats behind home plate are only be 50 feet from the batter's box. Seats down the baselines are only 45 feet from 1st and 3rd base. There are 540 Field Club seats behind home plate and between the dugouts with access to a private lounge. The vast majority of the seats are on the field level (26,000 of the 38,000). The upper deck (10,400 seats) is divided into 2,260 club seats (wider seats, wider aisles, convenient cup holders, plus 4 party suites for 25-50 fans each) and 8,140 regular upper deck seats. 4,790 seats are Outfield Bleachers (in both left and right fields). A terraced picnic area sits right of center. Additionally, there are about 450 seats in center field. 69 luxury suites are tucked underneath the second deck.
PNC Park Financing:
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PNC Park
Pittsburgh, Pennsylvania
Tenant: Pittsburgh Pirates (NL)
Opened: March 31, 2001 (exhibition against the New York Mets)
First regular season game: April 9, 2001 (8-2 loss to the Cincinnati Reds)
Construction began: April 8, 1999
Surface: Grass
Capacity: 38,365 (baseball only)
Architect: HOK Sport (Kansas City) and L.D. Astorino & Associates (Pittsburgh)
Construction: Dick Corporation (Pittsbugh) and Barton Malow (Baltimore)
Owner: City of Pittsburgh Sports & Exhibition Authority
Cost: $262 million ($237 million for construction, $25 million for site acquisition)
Lease: 25 year lease is probable
Pittsburgh Pirates tickets:
- Viewpoint Tickets - Best prices on Pirates tickets, Baseball tickets and MLB All Star tickets.
Dimensions: Left field foul pole: 325 feet; LF power alley: 386 feet; left-center: 389 feet; deep left-center field: 410 feet; center field: 399 feet; RF power alley: 375 feet; right field foul pole: 320 feet; backstop: 52 feet.
Fences: Left field: 6 feet; left-center and center field: 10 feet; right field: 21 feet.
Pittsburgh Mayor Tom Murphy established the Forbes Field II Task Force in 1995 to study various issues relating to the building of a new ballpark in Pittsburgh. It was made up of 29 business and political leaders in the Pittsburgh region, and received testimony from a number of experts and interested parties, including Kevin McClatchy, HOK Sport and the Society of American Baseball Research. Their final report was issued on June 25, 1996, and settled on the so-called "North Side" site, one block from Three Rivers Stadium, as the best choice for a location for the new ballpark.
From its north side site, the park provides a dramatic sweeping view of downtown Pittsburgh. The Allegheny River and Roberto Clemente (6th Street) Bridge also provide prominent landmarks in the ballpark vista. The steel structure, stone front and pilasters, dramatic masonry arches along the homeplate entryway, and a steel roof evoke memories of Forbes Field. The archways lead to a public arcade, open year round, that features shops, restaurants, and a Pirates Hall of Fame. The ballpark fits snuggly into the exisiting city grid, similar to classic urban parks like Wrigley and Fenway.
The park is the smallest in the majors next to Fenway Park (which may be replaced soon). With 38,127 seats, each seat provides intimate views of the field. Seats behind home plate are only be 50 feet from the batter's box. Seats down the baselines are only 45 feet from 1st and 3rd base. There are 540 Field Club seats behind home plate and between the dugouts with access to a private lounge. The vast majority of the seats are on the field level (26,000 of the 38,000). The upper deck (10,400 seats) is divided into 2,260 club seats (wider seats, wider aisles, convenient cup holders, plus 4 party suites for 25-50 fans each) and 8,140 regular upper deck seats. 4,790 seats are Outfield Bleachers (in both left and right fields). A terraced picnic area sits right of center. Additionally, there are about 450 seats in center field. 69 luxury suites are tucked underneath the second deck.
PNC Park Financing:
- Part of an $803M package which funded PNC Park, a new Steelers Stadium, retired the debt on Three Rivers Stadium and also razed the stadium, expanded the Convention Center, and constructed a new Pittsburgh Development Center.
- The Regional Asset District (RAD) contributes $13.4M annually to finance $170M in bonds toward the project.
- The county hotel tax contributes $8M annually to finance $99M in bonds.
- A 5% surcharge on Pirates and Steelers tickets raises $3M annually to finance $22M in bonds.
- A 1% wage tax is levied on players who do not live in the city, and will add $7M to the project.
- $300M in matching funds from the state.
- $36M in interest earnings.
- $28M in federal infrastructure improvements.
- $11M in parking revenue from leasing the convention center garage.
- $45M from a Pittsburgh Investment Capital fund.
- $85M from the Pirates and Steelers.
- The Pirates are expected to cover operating costs (utilities and maintenance) as long as the team receives the revenues from concessions and advertising.
- The Steelers may be asked to increase their commitment to the project, which might be filled by Personal Seat Licenses (PSLs).
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