BC Place rental rates

Discussion in 'Vancouver Whitecaps' started by Johnnie Monster, Aug 4, 2008.

  1. Johnnie Monster

    Jul 9, 2005
    Richmond, BC
    For all those who want to scrutinize the Whitecaps and their ability to afford (or break) their 5-year lease at BC Place....

    Day rates for BC Place rentals are right here:

    http://www.bcplacestadium.com/pdfs/spectatorevent1.pdf

    Let's say they go to 30,000 seats (lower bowl configuration)....

    Rental is $13,000 per match, or 15% of the gate, whichever is larger.

    So, let's assume 18 home dates per year....(15 home matches + 3 playoffs / friendlies)

    That's $234,000 per season plus tax = $259,740 per season.

    Multiply by five seasons on the lease = $1.3 million.

    Surely there are reduced rates for leaseholders... these numbers are quoted as "day rates" for one-off events.

    Do you critics and worrywarts out there really think Kerfoot, Nash and Mallet are sweating over $1.3 million broken up over a five year period?
     
  2. CACuzcatlan

    CACuzcatlan Member

    Jun 11, 2007
    San Francisco, CA
    Club:
    Los Angeles Galaxy
    Nat'l Team:
    United States
    Damn, that's just a little more than what the Red Bulls pay per game at Giants Stadium
     
  3. Sport Billy

    Sport Billy Moderator
    Staff Member

    May 25, 2006
  4. Johnnie Monster

    Jul 9, 2005
    Richmond, BC
    I am of course referring specifically to the minimum rental obligations as dictated by BC Place. The Caps will be paying 15% of gate sales in rent, no doubt about it... but they are also retaining 85% of gate sales with no stadium overhead to worry about. Sounds like a good deal to me.
     
  5. The Marquis

    The Marquis Moderator
    Staff Member

    Aug 13, 2007
    Vancouver, WA
    Club:
    Portland Timbers
    Nat'l Team:
    United States
    HOWEVER, lost concessions/parking revenue is part of the picture for certain for those renting.
     
  6. Johnnie Monster

    Jul 9, 2005
    Richmond, BC
    Vancouver probably doesn't care about parking revenue.... this is the team that wants to build a green stadium on the transit hub with no parking spaces.
     
  7. The Marquis

    The Marquis Moderator
    Staff Member

    Aug 13, 2007
    Vancouver, WA
    Club:
    Portland Timbers
    Nat'l Team:
    United States
    Before editing my post, it originally just said concessions, but I added parking because BC Place has a lot of it.
     
  8. Johnnie Monster

    Jul 9, 2005
    Richmond, BC
    PavCo / BC Place does have a few parking lots... for now.

    Condo towers will soon be going up in two out of the four PavCo lots closest to the stadium. Game day spaces are around $15 - $30 depending on what lot you go to.

    But here's the issue - there are 25,000 spaces in lots throughout downtown Vancouver within a 15 minute walk to the front gate.... and this doesn't include street parking, which is available for free on virtually every downtown street after 8 pm.

    For some people it's hard to justify the expense of BC Place's lots when there are so many other inexpensive options available a block away.
     
  9. The Marquis

    The Marquis Moderator
    Staff Member

    Aug 13, 2007
    Vancouver, WA
    Club:
    Portland Timbers
    Nat'l Team:
    United States
    Damn, last time I was there parking wasn't that outrageous. Geez, parking near PGE is about oh... $4 maybe. There is no actual lot, it's like 95% transit, the rest are street parking and maybe a couple lots that I've never actually seen, except one small one. Still $15-$20 for parking? Wow! Glad those are getting replaced by condos, as much as I hate condos.
     

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