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SBC Park. Jack Conway Tom Wirnen John Colginerio. Introduction. Home of MLB’s san Francisco giants Opened in April 2000. Cost to build was $357 million. SBC park is a state of the art baseball facility that is also equipped for other events. Privately funded.
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SBC Park Jack Conway Tom Wirnen John Colginerio
Introduction • Home of MLB’s san Francisco giants • Opened in April 2000. • Cost to build was $357 million. SBC park is a state of the art baseball facility that is also equipped for other events. • Privately funded. • SBC park was built to provide the ultimate fan experience with all modern amenities and more.
Financing • New stadium needed to be built in order to keep giants from moving out of san Francisco • Built by peter Magowan, principle owner of the giants, and several partners whom are all san Francisco businessmen. • Privately funded using none of san Francisco’s general tax money. • $357 million was total cost of construction. $170 million loan from chase Manhattan bank, $102 million from the sale of naming rights (SBC corporation through 2024), $70 million from the sale of charter seats, and $15 million from a hotel/motel tax.
Revenue Vs. Expenses • The san Francisco giants are valued at $381 million dollars, the 9th largest in major league baseball. Peter Magowan purchased the team in 1992 for $100 million. • The total revenue of the park for 2004 was $159 million. The operating expense for SBC park in 2004 was $8.4 million. Along with other expenses including stadium debt, salaries, and various expenses was estimated around $45 million dollars. • Major corporate sponsors of the SBC park include coca cola, old navy, bank of America, Anheiser Busch, and Toyota. • SBC park has hosted over 3 million patrons to its events every year since its opening in 2000.
Amenities • SBC park has its own line of transportation for fans to come to park events. They include their own subway line, bus service, and ferry service, along with 8-10 thousand parking spaces. • In center field is the coca cola fan lot. Fans can participate in a number of activities including a mega slide, pitching cage, a mini field where fans can play a game, and a san Francisco giants hall of fame. • 7000 club seats, 50 luxury suites, multiple retail and concession stands, and modern lighting technology. • McCovey cove is a waterfront park outside the stadium, but a home run ball hit far enough out of the park will land in the water. • SBC park is the first professional sporting venue to offer Wi-Fi network
Events • Baseball Games • Football Games • Soccer Games • Concerts • Extreme Sports • Corporate Outings
Conclusions/Improvements • SBC Park is one of the top professional sporting venues that is constantly working to improve fan experience at the park. • SBC Park is easy to get to, but fans wait a long time to get into the park • Non-Alcohol area of the park would be good for a family.