OSU’s Reser Stadium renovation to price tag additional than $324.5 million | Community

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The college is projecting gross revenue of more than $1 billion from quality ticket profits above 50 a long time, ahead of factoring “cannibalization” of existing quality ticket income, which averages out to much more than $20.2 million a yr in high quality ticket sales. People estimates come from CSL […]

The college is projecting gross revenue of more than $1 billion from quality ticket profits above 50 a long time, ahead of factoring “cannibalization” of existing quality ticket income, which averages out to much more than $20.2 million a yr in high quality ticket sales.

People estimates come from CSL Consulting of Burlington, Massachusetts, which OSU hired to run the numbers. The agency has been contracted by the likes of Florida Condition University and the Columbus Crew Soccer Club to conduct market exploration and to seek the advice of on stadium development and renovation tasks.

Individuals estimates characterize a significant increase about present revenue concentrations produced by Reser Stadium.

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Due to the fact 2007, the university has averaged considerably less than $7.5 million in yearly gross ticket product sales — for both equally premium and normal seating — in accordance to Membership Economical Reporting Technique types furnished by the college. The most OSU has made from whole ticket gross sales in a solitary yr through that span arrived in fiscal 2017, when it documented just below $9.3 million in product sales.

All National Collegiate Athletic Association member institutions are required to submit MFRS varieties, which element running revenues and expenses relevant to intercollegiate athletics systems, to the NCAA on an once-a-year basis.

Oregon Point out offered a spending plan projection to Mid-Valley Media that forecasts a sharp increase in Beaver soccer ticket revenues starting up in fiscal 12 months 2024. In accordance to that projection, Reser Stadium would see $9.6 million in new high quality seating revenues in 2024, and that variety would climb to $26.5 million for every year by 2073.

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