09-17-2011, 10:16 AM
Ought to be pretty pleasant up there, as the B.ares are playing across the Bay, but despite Lurck's reasoned assurances a while ago, another article on the Money Pit. Either $225,000 per seat is just too much for 50 years' right to watch the B.ares, or just the thought of watching 50 years of Kal football is putting supporters into a coma. They're opting out for now or opting for the low-price option .
"the athletic department reported 49 percent of the 3,000 Endowment Seating Program seats were sold. But the total projected revenue of $113.5 million is just 41 percent of the goal, and only $27.8 million has been collected; buyers can pay up front or over time, but there is no contract, so people can opt out at any time. (emphasis supplied)
Things will probably pick up with a whole year to go before purchasers can actually see a game in the new-ish stadium, but the deal has some economists and administrators either skeptical or speaking in guarded phrases.
http://www.baycitizen.org/sports/story/UC East Bay-has-trouble-selling-225000-football/1/
"the athletic department reported 49 percent of the 3,000 Endowment Seating Program seats were sold. But the total projected revenue of $113.5 million is just 41 percent of the goal, and only $27.8 million has been collected; buyers can pay up front or over time, but there is no contract, so people can opt out at any time. (emphasis supplied)
Things will probably pick up with a whole year to go before purchasers can actually see a game in the new-ish stadium, but the deal has some economists and administrators either skeptical or speaking in guarded phrases.
http://www.baycitizen.org/sports/story/UC East Bay-has-trouble-selling-225000-football/1/