Sizing Up The Competition
University of Michigan - Crisler Arena
Total Investment: $100 million
- Approved for renovations in October of 2009.
- The first phase of renovations cost approximately $20 million.
- The second phase included over $52 million.
- Both phases of the renovation were completed over several years and included glass entry ways, which gives the building its nighttime glow; more restrooms for both men and women; new concession areas and a waterfall with a glowing blue M as well as new seating configuration for students, premium customers, season ticket holders and fans.
- The final phase completed in mid-October 2012, Michigan opened its new Player Development Center, a $23 million practice facility adjacent to Crisler Arena that will house men's and women's basketball offices, locker rooms, practice courts, strength and conditioning facilities and a tunnel to the arena itself.
University of Missouri - Mizzou Arena
Total Investment: $75 million
- The facility, home to the school's men's and women's basketball teams, opened in November 2004 and replaced the Hearnes Center as the school's main indoor sports facility.
- The arched-roof building seats 15,061, and is located just south of Hearnes and Memorial Stadium.
- Seats in the south stand, lower level are fully cushioned theatre-style seats and are sold to the members of the Tiger Scholarship Fund club, the main fund-raising arm for the athletic department.
- There are around 35 private boxes between the lower and upper levels, offering full food and drink service, televisions and other comforts. The club level has a private bar.
- The lead donor family gave $25 million to the Mizzou Arena project. The Tiger Scholarship Fund raised about $15 million. The state of Missouri is paying the rest, amounting to a little less than half the total cost of the project.
University of Louisville - KFC Yum! Center
Total Investment: $238 million
- The KFC Yum! Center has achieved great success since opening in 2010 by attracting high profile events to Louisville. The arena was ranked 48th worldwide and 22nd in the U.S. in Pollstar Magazine's 2011 year-end Top 200, recognizing arenas for concert and show ticket sales. It jumped to 39th worldwide and 16th in the U.S. at end of the first quarter of 2012.
- The KFC Yum! Center is a 22,500-seat basketball and multipurpose arena that opened on October 10, 2010.
- The project is part of a $450 million project that includes a 975-car parking structure and floodwall.
- The University of Louisville men's and women's basketball teams are the primary tenants of the arena complex. The U of L women's volleyball team began using the arena as a part-time home in 2011, and made the arena its main home in 2012.
- It is the fifth-largest college basketball arena in the nation and includes an integrated scoring and video display system.
- The financing agreement allowed $339 million in bonds through the state of Kentucky's Economic Development Finance Authority to be issued to construct the $252 million arena.
- The total debt on the bonds, $573 million over 30 years, will be paid through several sources. These include the city's $206 million commitment, $265 million from a tax-increment financing district, $179 million from advertising rights inside the arena, $63 million from luxury box sales, and at least $37 million in arena naming rights.
- The tax-increment financing district will allow part of the anticipated growth in state taxes to help pay for the arena. The arena's share of that revenue is capped at $265 million.
UCLA - Pauley Pavilion
Total Investment: $136 million
- Pauley Pavilion has been the venue for many sport championships, concerts, commencement ceremonies and political events. The NCAA Women's Gymnastics Championships, a presidential election debate, and many top concert performers have taken place at the Pauley Pavilion over the years.
- Total renovation cost was approximately $136 million and was funded through a variety of sources: private gifts, long-term debt backed by ticket sales and sponsorships, other UCLA Athletics revenues and by UCLA students.
- The upgrade to Pauley Pavilion resulted in an 18-month renovation that helped install slick new televisions and seats throughout the building, new concession stands and a donors-only bar.
- A statue of John Wooden, the Bruins' legendary coach, guards the north end of the building, while a wall dedicated to his memory flanks its east side.
- Campaign gifts and annual fund scholarship gifts were solicited and most lower bowl seating required gifts of six figures (i.e. $500,000 total gift for the right to purchase lower level seats).
USC - Galen Center
Total Investment: $147 million
- Built with the entire community in mind, the Galen Center opens its doors to youth and high school sporting events when the Trojans aren't on center court. The venue also will play host to concerts, commencement ceremonies, community events, lectures, meetings, shows, pageants and more.
- Galen Center construction included the arena, team offices, and a state-of-the-art practice facility.
- The largest tax revenue would be generated by the city of Los Angeles' 10 percent parking tax. Other sources of tax revenue will include sales tax, utility users tax, business license tax, and income from advertising.
- The lead donor family gave over $50 million to the project.
- The facility is 255,000 square feet, with a 45,000 square feet pavilion, and has three practice courts and offices. The seating capacity is 10,258, and there are 22 private suites.
- The rights to purchase tickets for approximately 1/3 of the seats are being sold through lifetime personal seat licenses, or PSL's, ranging from four to five figures per seat. PSL holders will be honored as "Galen Founders." Founders will have priority access to the on-site restaurant.