Oakland Coliseum City Reboot Financing Plan Spreadsheet
This is the online hardcopy of the Oakland Coliseum City Reboot Financing Plan Spreadsheet that was created and adjusted by Sports Business Simulations CEO and Zennie62Media Executive Producer Zennie Abraham. on Jun 16, 2015Coliseum City and a new stadium for the Oakland Athletics and one for the Oakland A's can be done without public subsidy. The plan I present again below shows this herehttp://www.zennie62blog.com/2015/06/07/oakland-coliseum-city-reboot-plan-updated-presentation-june-7-2015/... and is summarized as follows:1. Raiders Stadium at 68,000 seats with 300 luxury boxes (expandable by 5,000 for a Super Bowl)2. Retention and upgrade of the East Side of the Raiders Stadium / the rest new.3. Oakland A's Stadium at 35,000 seats with 150 luxury boxes4. 200,000 square feet of retail space between the stadium and Oracle Arena5. A 1,010-room hotel complex that connects the Raiders and A's stadium (with provisions for a small set of condominiums).6. Cost of $770 million for the Raiders Stadium, $500 million for the Oakland A's stadium, and with external retail a total cost of approximately $1.8 billion.7. Formation of a 40-year industrial development lease revenue serial bond issue that would be let by the Oakland-Alameda County Coliseum Joint Powers Authority. The JPA would serve as master developer; I have carved out a budget for the JPA to hire a developer / consultant. Plus, there is fiscal room for a hotel developer as well.
Content
Sheet1
Oakland Raiders – Oakland A's New Stadium / Hotel Financial Scenario 6/7/2015 – Zennie Abraham
This version includes a baseball stadium component for the Oakland A's. The idea is really one building, but it “looks” separate
The key here is the introduction of a hotel development component.
Stadium revenues where noted are sized to a 40-year industrial development serial lease revenue bond issue
This version can include a baseball stadium component for the Oakland A's.
• The idea in this scenario is to build an new Oakland Coliseum – but keep the East Side and upgrade it. The Oakland Alameda County Coliseum JPA is the bond issuer and master developer for two private clients:
The Oakland Raiders and the Oakland Athletics.
•If you want to test for a new Oakland Raiders stadium increase B12 to $857,000,000
• The new Oakland Coliseum City has the following added uses: hotel (with provision for condominiums) and retail, in addition to stadium
It's also a transit hub, and thus, in total, should qualify for exempt facility bond status
• The new Oakland Coliseum City has the following added uses: hotel
$770,000,000.00
(with provision for condominiums) and retail, in addition to the stadium. Stadium Cost*:
Note 1: This consists of an upgraded existing East Side, with a brand new West Side and End Zones, and added seats to reach 70,000, or about 10K new seats.
The cost saving comes in using the existing land plate, and as much of the material as possible, including the East Side
That base Raiders stadium cost I estimate at $770,000,000 (including building removal and site prep with land owned by JPA; the East Side was built for $200 million in 1996.
Note 2: All titles marked bold and * are revenues earmarked for stadium bond issue. The proposal is to use them as the basis for a lease revenue bond.
The cost savings also come in the form of land acquistion costs, which are zero as the JPA owns the land and is the developer. These costs are as high as
$100 million alone.
Note 3: For The Oakland Athletics, the cost of $500 million would be for a new stadium situated in what is currently the South Parking Lot Area
The cost estimate for the planned Cisco stadium for the A's was $462 million in 2013.
The hotel complex would connect the stadiums via the New South End Zone, and be built in two phases.
Thus, the design would be a multi-purpose interconnected complex with the hotel and promenade between the main stadium and arena as the
retail location
Note 4: The estimates for naming rights and sponsorship are deliberately low. I am trying to focus on core, robust revenue sources, but have a plan for the use
of naming rights and sponsorship revenues set and in place.
Oakland Raiders
Stadium Revenues
Naming Revenue
Naming Revenue Share To Stadium*
Naming Revenue Share To Raiders
Sponsorships
Sponsorships – Raiders Share 60%
Sponsorships – Stadium Share 40% *
Mello Roos District Bond Issue (Govt Spending)*
Oakland Raiders Contribution*
NFL G4 Loan*
Total Suite Revenue
Total Ticket Revenue
Percent Sold
Total Seat Option Revenue
Total Concessions Rev
Concessions Rev To Team (40 Years Total)
Concessions For Stadium Const (40 Years Total)*
Concessions For Stadium Operations (40 Years Total)
Internal Stadium Retail Square Feet (Includes restaurants, shops)
Gross Retail Revenue From Rentals, Annual @ $24 per square foot, 60 % Occupied
Net Sales Tax Of 8.75%
$50,000,000.00
$15,000,000.00
$30,000,000.00
$20,000,000.00
$14,000,000.00
$6,000,000.00
$0.00
$100,000,000.00
$250,000,000.00
$900,000,000.00
$1,060,800,000.00
0.6
$54,000,000.00
$130,560,000.00
$91,392,000.00
$39,168,000.00
$19,584,000.00
45,000
$648,000.00
$591,300.00
Page 1
Stadium Revenues – Athletics
Naming Revenue
Naming Revenue Share To Stadium*
Naming Revenue Share To Raiders
Sponsorships
Sponsorships – Raiders Share 60%
Sponsorships – Stadium Share 40% *
Mello Roos District Bond Issue (Govt Spending)*
Oakland Athletics Contribution*
MLB Loan*
Total Suite Revenue
Total Ticket Revenue
Percent Sold
Total Seat Surcharge Revenue
Total Concessions Rev
Concessions Rev To Team (40 Years Total)
Concessions For Stadium Const (40 Years Total)*
Concessions For Stadium Operations (40 Years Total)
Internal Stadium Retail Square Feet (Includes restaurants, shops)
Gross Retail Revenue From Rentals, Annual @ $24 per square foot, 60 %
Net Sales Tax Of 8.75%
Sheet1
Total Gross Retail Revenue Per Year Times 40 y
40 percent of Net Retail Revenue Used For Stadium Construction
$26,697,600.00 Total Gross Retail Revenue Per Year Times 40 y
$10,679,040.00 40 percent of Net Retail Revenue Used For Stadium Construction
Ticket Surcharge Revenue
Ticket Surcharge Revenue
Avg Ticket Surcharge (recommend scaling it)
Ticket Sales Capture Rate
Total Annual Surcharge Revenue – 10 games
Total Surcharge Revenue For Stadium Const Over 40 yr period
$7.50
0.6
$3,060,000.00
$122,400,000.00
Avg Ticket Surcharge (recommend scaling it)
Ticket Sales Capture Rate
Total Annual Surcharge Revenue – 82 games
Total Surcharge Revenue For Stadium Const Over 40 yr period
Ticket / Seat Option Revenues
Ticket Revenue To NFL (34 % - Also NFL G4 Repayment)
Seat Option Revenue To NFL (34%)
Ticket Revenue To Team
Ticket Revenue For Stadium Operations
$360,672,000.00
$18,360,000.00
$403,104,000.00
$297,024,000.00
Stadium Capacity Estimates
Stadium Capacity Estimates A's
Stadium Capacity
Avg Ticket Payments Per Person Life Of Bond
Avg Ticket Payments NFL Season
Avg Ticket Price Per Raiders NFL game
68,000
$26,000.00
$650.00
$65.00
Suites, Number Of
Suite Price Per Season
Percent Sold
NFL Seasons
Total Suite Revenue 40y
Percent Suite Revenue For Stadium Construction Bond
Suite Revenue For 40y Construction Bond – Raiders Cont*
300
$125,000.00
0.6
40
$900,000,000.00
0.35
$215,000,000.00
Stadium Capacity
Avg Ticket Payments Per Person Life Of Bond
Avg Ticket Payments MLB Season
Avg Ticket Price Per Athletics MLB game
Suites, Number Of
Suite Price Per Season
Percent Sold
NFL Seasons
Total Suite Revenue 40y
Percent Suite Revenue For Stadium Construction Bond
Suite Revenue For 40y Construction Bond – Athletics Cont*
Seat Option Revenue Estimates
Seat Options Number Of
Percent Sold
Avg Price Per Seat Option / Yr
Number Of Years (1 = Lifetime Seat Option)
Total Seat Option Revenue
Net Of NFL Share
Net Revenue for Construction Bond Issue*
(Note: NFL Teams share of Seat Option Revenue can be waived)
45000
0.6
$2,000.00
1
$54,000,000.00
$35,640,000.00
$35,640,000.00
Stadium Hotel Component Section
2nd Stadium Hotel Component Section
Number of Rooms
Construction Cost Per Room (Industry Standard)
Total Hotel Construction Cost
610.00 Number of Rooms
$162,500.00 Construction Cost Per Room (Industry Standard)
$99,125,000.00 Total Hotel Construction Cost
Page 2
Sheet1
Avg Rm SqFt
Cost Per SqFt (Source: http://www.fixr.com/costs/build-hotel) - above that high of $463
Operating Cost Per Room
Avg Rate Per Room
325.00
$500.00
$75.00
$227.00
Total Base Room Rev Per Day
Occupancy Rate
Total Room Revenue Per Year
Hotel Transient Occupancy Tax Revenue (normally 11 Percent)
Net Total Room Revenue Per Year
$138,470.00
0.65
$32,852,007.50
$1,971,120.45
$30,880,887.05
Total Room Revenue Per Year Times 40 y With Infla Rt 4%
Total Hotel Operating Cost Per Year
Total Hotel Operating Cost Per Year Times 40y With Infla Rt 3%
Total Hotel Base Net Operating Revenue Per Year
$1,284,644,901.28
$16,698,750.00
$687,988,500.00
$16,153,257.50
Total Hotel Net Operating Revenue Per Year Times 40 y
Using 55 percent Hotel Net Operating Rev for Stadium*
Avg Rm SqFt
Cost Per SqFt (Source: http://www.fixr.com/costs/build-hotel) - above that high of $463
Operating Cost Per Room
Avg Rate Per Room
Total Base Room Rev Per Day
Occupancy Rate
Total Room Revenue Per Year
Hotel Transient Occupancy Tax Revenue (Request 6 percent; normally 11 Pe
Net Total Room Revenue Per Year
Total Room Revenue Per Year Times 40 y With Infla Rt 4%
Total Hotel Operating Cost Per Year
Total Hotel Operating Cost Per Year Times 40y With Infla Rt 3%
Total Hotel Base Net Operating Revenue Per Year
$596,656,401.28 Total Hotel Net Operating Revenue Per Year Times 40 y
$328,161,020.70 Using 55 percent Hotel Net Operating Rev for Stadium*
Total Stadium Parking Revenue
Total Stadium Parking Revenue
Number Of Parking Spaces
Cost Per Vehicle
Total Annual Parking Revenue Per Game
Total Annual Parking Revenue Per Season
Total Parking Revenue 40 yr Period
Tax Revenue From Parking $3 Fee
Parking Revenue For Stadium Const ($25 Million Cap)
Total Parking Revenue To Raiders
8,000
$35.00
$280,000.00
$2,800,000.00
$112,000,000.00
$9,600,000.00
$25,000,000.00
$77,400,000.00
Number Of Parking Spaces
Cost Per Vehicle
Total Annual Parking Revenue Per Game
Total Annual Parking Revenue Per Season
Total Parking Revenue 40 yr Period
Tax Revenue From Parking $3 Fee
Parking Revenue For Stadium Const ($20 Million Cap)
Total Parking Revenue To Athletics
External Stadium Retail Component (based on original Coliseum City Plan of 2006)
Total Square Feet, Retail
Construction Cost Per Square Foot
Land cost per square foot
Total Construction Cost
200,000.00
$250.00
$20.00
$54,000,000.00
Gross Retail Revenue From Rentals, Annual @ $24 per square foot, 60 % Occupied
Net Sales Tax Of 8.75%
Total Gross Retail Revenue Per Year Times 40 y
Net Retail Revenue After Construction Cost
55 percent of Net Retail Revenue Used For Stadium Construction
$2,880,000.00
$2,628,000.00
$118,656,000.00
$64,656,000.00
$35,560,800.00
Total Stadium / Hotel / Retail / Parking Revenues
Total Stadium / Hotel / Retail / Parking Revenues
Page 3
Sheet1
Total Stadium Rev For Stadium Construction
Total Retail Revenue For Stadium Construction
Total Hotel Revenue For Stadium / Hotel Construction 40y
Total Parking Revenue 40 yr Period
Total Revenue Available For Stadium / Hotel Construction 30y
$793,887,040.00
$35,560,800.00
$328,161,020.70
$25,000,000.00
$1,182,608,860.70
Total Stadium / Hotel / Retail Construction Costs
Total Stadium Rev For Stadium Construction
Total Retail Revenue For Stadium Construction
Total Hotel Revenue For Stadium / Hotel Construction 40y
Total Parking Revenue 40 yr Period
Total Revenue Available For Stadium / Hotel Construction 30y
Total Stadium / Hotel / Retail Construction Costs
Total Hotel Construction Cost
Total Stadium Construction Cost
Total Stadium Retail Construction Cost
Developer Fees And Admin Costs % 5 Percent
Total Stadium / Hotel / Retail / Construction Costs
$99,125,000.00
$770,000,000.00
$54,000,000.00
$46,156,250.00
$969,281,250.00
Total Revenue Available For Stadium / Hotel Construction 40y **
Total Net Revenue Available For Stadium / Hotel Construction 40y
Total 2nd Hotel Construction Cost
Total A's Stadium Construction Cost
Total A's Stadium Retail Construction Cost
Developer Fees And Admin Costs % 5 Percent
Total Stadium / Hotel / Retail / Construction Costs
$1,182,608,860.70 Total Revenue Available For Stadium / Hotel Construction 40y **
$213,327,610.70 Total Net Revenue Available For Stadium / Hotel Construction 40y
Total Stadium Operating Revenues / Costs Over 40 y
Total Stadium Operating Revenues / Costs Over 40 y
Total Stadium Operating Revenue over 40y (not for stadium construction)
Total Stadium Operating Cost over 40y
Total Net Profit over 40y
$2,334,800,000.00 Total Stadium Operating Revenue over 40y (not for stadium construction)
$460,000,000.00 Total Stadium Operating Cost over 40y
$1,874,800,000.00 Total Net Profit over 40y
Municipal Bond Issue For Project – Estimated Value / Payments
Municipal Bond Issue For Project – Estimated Value / Payments
Funds Needed
Debt Service Reserve
Cost of Issuance
Total Bonds Issued
$969,281,250.00
$110,110,350.00
$22,022,070.00
$1,101,413,670.00
Total Available Revenue For Bond Issue 40yr **
Revenue Net Cost Of Total Bonds Issued
$1,182,608,860.70 Total Available Revenue For Bond Issue 40yr **
$81,195,190.70 Revenue Net Cost Of Total Bonds Issued
Tax Revenue From Project
Funds Needed
Debt Service Reserve
Cost of Issuance
Total Bonds Issued
Tax Revenue From Project – Athletics
Hotel Transient Occupancy Tax Revenue 40 yr
Sales Tax Revenue 40 yr
Total Tax Revenue From Raiders Stadium Wing
$78,844,818.00 Hotel Transient Occupancy Tax Revenue 40 yr
$12,416,040.00 Sales Tax Revenue 40 yr
$91,260,858.00 Total Tax Revenue From A's Stadium Complex
Total Surplus / Deficit Revenue From Both A's / Raiders Stadium For Bond Issue
(That surplus can be used for the existing bond issue)
Total Surplus / Deficit Revenue Plus Combine Debt Service Reserve
$209,869,130.93
Total New Tax Revenue From New Coliseum Complex
$146,071,836.00
$389,155,916.93
Page 4
Sheet1
$500,000,000.00
Oakland Athletics
$50,000,000.00
$15,000,000.00
$30,000,000.00
$20,000,000.00
$14,000,000.00
$6,000,000.00
$0.00
$100,000,000.00
$100,000,000.00
$396,000,000.00
$184,800,000.00
0.6
$0.00
$67,200,000.00
$47,040,000.00
$20,160,000.00
$10,080,000.00
35,000
$504,000.00
$459,900.00
Page 5
Sheet1
$20,764,800.00
$8,305,920.00
$5.00
0.5
$7,175,000.00
$287,000,000.00
35,000
$8,800.00
$220.00
$22.00
150
$110,000.00
0.6
40
$396,000,000.00
0.35
$38,600,000.00
410.00
$195,000.00
$79,950,000.00
Page 6
Sheet1
325.00
$600.00
$75.00
$227.00
$93,070.00
0.65
$22,080,857.50
$1,324,851.45
$20,756,006.05
$863,449,851.68
$11,223,750.00
$462,418,500.00
$10,857,107.50
$401,031,351.68
$220,567,243.42
8,000
$20.00
$160,000.00
$13,120,000.00
$524,800,000.00
$9,600,000.00
$25,000,000.00
$490,200,000.00
Page 7
Sheet1
$575,065,920.00
$0.00
$220,567,243.42
$25,000,000.00
$820,633,163.42
$79,950,000.00
$500,000,000.00
$0.00
$28,997,500.00
$608,947,500.00
$820,633,163.42
$211,685,663.42
$750,800,000.00
$460,000,000.00
$290,800,000.00
$608,947,500.00
$69,176,436.00
$13,835,287.20
$691,959,223.20
$820,633,163.42
$128,673,940.22
$52,994,058.00
$1,816,920.00
$54,810,978.00
Page 8
Oakland Raiders – Oakland A's New Stadium / Hotel Financial Scenario 6/7/2015 – Zennie Abraham
This version includes a baseball stadium component for the Oakland A's. The idea is really one building, but it “looks” separate
The key here is the introduction of a hotel development component.
Stadium revenues where noted are sized to a 40-year industrial development serial lease revenue bond issue
This version can include a baseball stadium component for the Oakland A's.
• The idea in this scenario is to build an new Oakland Coliseum – but keep the East Side and upgrade it. The Oakland Alameda County Coliseum JPA is the bond issuer and master developer for two private clients:
The Oakland Raiders and the Oakland Athletics.
•If you want to test for a new Oakland Raiders stadium increase B12 to $857,000,000
• The new Oakland Coliseum City has the following added uses: hotel (with provision for condominiums) and retail, in addition to stadium
It's also a transit hub, and thus, in total, should qualify for exempt facility bond status
• The new Oakland Coliseum City has the following added uses: hotel
$770,000,000.00
(with provision for condominiums) and retail, in addition to the stadium. Stadium Cost*:
Note 1: This consists of an upgraded existing East Side, with a brand new West Side and End Zones, and added seats to reach 70,000, or about 10K new seats.
The cost saving comes in using the existing land plate, and as much of the material as possible, including the East Side
That base Raiders stadium cost I estimate at $770,000,000 (including building removal and site prep with land owned by JPA; the East Side was built for $200 million in 1996.
Note 2: All titles marked bold and * are revenues earmarked for stadium bond issue. The proposal is to use them as the basis for a lease revenue bond.
The cost savings also come in the form of land acquistion costs, which are zero as the JPA owns the land and is the developer. These costs are as high as
$100 million alone.
Note 3: For The Oakland Athletics, the cost of $500 million would be for a new stadium situated in what is currently the South Parking Lot Area
The cost estimate for the planned Cisco stadium for the A's was $462 million in 2013.
The hotel complex would connect the stadiums via the New South End Zone, and be built in two phases.
Thus, the design would be a multi-purpose interconnected complex with the hotel and promenade between the main stadium and arena as the
retail location
Note 4: The estimates for naming rights and sponsorship are deliberately low. I am trying to focus on core, robust revenue sources, but have a plan for the use
of naming rights and sponsorship revenues set and in place.
Oakland Raiders
Stadium Revenues
Naming Revenue
Naming Revenue Share To Stadium*
Naming Revenue Share To Raiders
Sponsorships
Sponsorships – Raiders Share 60%
Sponsorships – Stadium Share 40% *
Mello Roos District Bond Issue (Govt Spending)*
Oakland Raiders Contribution*
NFL G4 Loan*
Total Suite Revenue
Total Ticket Revenue
Percent Sold
Total Seat Option Revenue
Total Concessions Rev
Concessions Rev To Team (40 Years Total)
Concessions For Stadium Const (40 Years Total)*
Concessions For Stadium Operations (40 Years Total)
Internal Stadium Retail Square Feet (Includes restaurants, shops)
Gross Retail Revenue From Rentals, Annual @ $24 per square foot, 60 % Occupied
Net Sales Tax Of 8.75%
$50,000,000.00
$15,000,000.00
$30,000,000.00
$20,000,000.00
$14,000,000.00
$6,000,000.00
$0.00
$100,000,000.00
$250,000,000.00
$900,000,000.00
$1,060,800,000.00
0.6
$54,000,000.00
$130,560,000.00
$91,392,000.00
$39,168,000.00
$19,584,000.00
45,000
$648,000.00
$591,300.00
Page 1
Stadium Revenues – Athletics
Naming Revenue
Naming Revenue Share To Stadium*
Naming Revenue Share To Raiders
Sponsorships
Sponsorships – Raiders Share 60%
Sponsorships – Stadium Share 40% *
Mello Roos District Bond Issue (Govt Spending)*
Oakland Athletics Contribution*
MLB Loan*
Total Suite Revenue
Total Ticket Revenue
Percent Sold
Total Seat Surcharge Revenue
Total Concessions Rev
Concessions Rev To Team (40 Years Total)
Concessions For Stadium Const (40 Years Total)*
Concessions For Stadium Operations (40 Years Total)
Internal Stadium Retail Square Feet (Includes restaurants, shops)
Gross Retail Revenue From Rentals, Annual @ $24 per square foot, 60 %
Net Sales Tax Of 8.75%
Sheet1
Total Gross Retail Revenue Per Year Times 40 y
40 percent of Net Retail Revenue Used For Stadium Construction
$26,697,600.00 Total Gross Retail Revenue Per Year Times 40 y
$10,679,040.00 40 percent of Net Retail Revenue Used For Stadium Construction
Ticket Surcharge Revenue
Ticket Surcharge Revenue
Avg Ticket Surcharge (recommend scaling it)
Ticket Sales Capture Rate
Total Annual Surcharge Revenue – 10 games
Total Surcharge Revenue For Stadium Const Over 40 yr period
$7.50
0.6
$3,060,000.00
$122,400,000.00
Avg Ticket Surcharge (recommend scaling it)
Ticket Sales Capture Rate
Total Annual Surcharge Revenue – 82 games
Total Surcharge Revenue For Stadium Const Over 40 yr period
Ticket / Seat Option Revenues
Ticket Revenue To NFL (34 % - Also NFL G4 Repayment)
Seat Option Revenue To NFL (34%)
Ticket Revenue To Team
Ticket Revenue For Stadium Operations
$360,672,000.00
$18,360,000.00
$403,104,000.00
$297,024,000.00
Stadium Capacity Estimates
Stadium Capacity Estimates A's
Stadium Capacity
Avg Ticket Payments Per Person Life Of Bond
Avg Ticket Payments NFL Season
Avg Ticket Price Per Raiders NFL game
68,000
$26,000.00
$650.00
$65.00
Suites, Number Of
Suite Price Per Season
Percent Sold
NFL Seasons
Total Suite Revenue 40y
Percent Suite Revenue For Stadium Construction Bond
Suite Revenue For 40y Construction Bond – Raiders Cont*
300
$125,000.00
0.6
40
$900,000,000.00
0.35
$215,000,000.00
Stadium Capacity
Avg Ticket Payments Per Person Life Of Bond
Avg Ticket Payments MLB Season
Avg Ticket Price Per Athletics MLB game
Suites, Number Of
Suite Price Per Season
Percent Sold
NFL Seasons
Total Suite Revenue 40y
Percent Suite Revenue For Stadium Construction Bond
Suite Revenue For 40y Construction Bond – Athletics Cont*
Seat Option Revenue Estimates
Seat Options Number Of
Percent Sold
Avg Price Per Seat Option / Yr
Number Of Years (1 = Lifetime Seat Option)
Total Seat Option Revenue
Net Of NFL Share
Net Revenue for Construction Bond Issue*
(Note: NFL Teams share of Seat Option Revenue can be waived)
45000
0.6
$2,000.00
1
$54,000,000.00
$35,640,000.00
$35,640,000.00
Stadium Hotel Component Section
2nd Stadium Hotel Component Section
Number of Rooms
Construction Cost Per Room (Industry Standard)
Total Hotel Construction Cost
610.00 Number of Rooms
$162,500.00 Construction Cost Per Room (Industry Standard)
$99,125,000.00 Total Hotel Construction Cost
Page 2
Sheet1
Avg Rm SqFt
Cost Per SqFt (Source: http://www.fixr.com/costs/build-hotel) - above that high of $463
Operating Cost Per Room
Avg Rate Per Room
325.00
$500.00
$75.00
$227.00
Total Base Room Rev Per Day
Occupancy Rate
Total Room Revenue Per Year
Hotel Transient Occupancy Tax Revenue (normally 11 Percent)
Net Total Room Revenue Per Year
$138,470.00
0.65
$32,852,007.50
$1,971,120.45
$30,880,887.05
Total Room Revenue Per Year Times 40 y With Infla Rt 4%
Total Hotel Operating Cost Per Year
Total Hotel Operating Cost Per Year Times 40y With Infla Rt 3%
Total Hotel Base Net Operating Revenue Per Year
$1,284,644,901.28
$16,698,750.00
$687,988,500.00
$16,153,257.50
Total Hotel Net Operating Revenue Per Year Times 40 y
Using 55 percent Hotel Net Operating Rev for Stadium*
Avg Rm SqFt
Cost Per SqFt (Source: http://www.fixr.com/costs/build-hotel) - above that high of $463
Operating Cost Per Room
Avg Rate Per Room
Total Base Room Rev Per Day
Occupancy Rate
Total Room Revenue Per Year
Hotel Transient Occupancy Tax Revenue (Request 6 percent; normally 11 Pe
Net Total Room Revenue Per Year
Total Room Revenue Per Year Times 40 y With Infla Rt 4%
Total Hotel Operating Cost Per Year
Total Hotel Operating Cost Per Year Times 40y With Infla Rt 3%
Total Hotel Base Net Operating Revenue Per Year
$596,656,401.28 Total Hotel Net Operating Revenue Per Year Times 40 y
$328,161,020.70 Using 55 percent Hotel Net Operating Rev for Stadium*
Total Stadium Parking Revenue
Total Stadium Parking Revenue
Number Of Parking Spaces
Cost Per Vehicle
Total Annual Parking Revenue Per Game
Total Annual Parking Revenue Per Season
Total Parking Revenue 40 yr Period
Tax Revenue From Parking $3 Fee
Parking Revenue For Stadium Const ($25 Million Cap)
Total Parking Revenue To Raiders
8,000
$35.00
$280,000.00
$2,800,000.00
$112,000,000.00
$9,600,000.00
$25,000,000.00
$77,400,000.00
Number Of Parking Spaces
Cost Per Vehicle
Total Annual Parking Revenue Per Game
Total Annual Parking Revenue Per Season
Total Parking Revenue 40 yr Period
Tax Revenue From Parking $3 Fee
Parking Revenue For Stadium Const ($20 Million Cap)
Total Parking Revenue To Athletics
External Stadium Retail Component (based on original Coliseum City Plan of 2006)
Total Square Feet, Retail
Construction Cost Per Square Foot
Land cost per square foot
Total Construction Cost
200,000.00
$250.00
$20.00
$54,000,000.00
Gross Retail Revenue From Rentals, Annual @ $24 per square foot, 60 % Occupied
Net Sales Tax Of 8.75%
Total Gross Retail Revenue Per Year Times 40 y
Net Retail Revenue After Construction Cost
55 percent of Net Retail Revenue Used For Stadium Construction
$2,880,000.00
$2,628,000.00
$118,656,000.00
$64,656,000.00
$35,560,800.00
Total Stadium / Hotel / Retail / Parking Revenues
Total Stadium / Hotel / Retail / Parking Revenues
Page 3
Sheet1
Total Stadium Rev For Stadium Construction
Total Retail Revenue For Stadium Construction
Total Hotel Revenue For Stadium / Hotel Construction 40y
Total Parking Revenue 40 yr Period
Total Revenue Available For Stadium / Hotel Construction 30y
$793,887,040.00
$35,560,800.00
$328,161,020.70
$25,000,000.00
$1,182,608,860.70
Total Stadium / Hotel / Retail Construction Costs
Total Stadium Rev For Stadium Construction
Total Retail Revenue For Stadium Construction
Total Hotel Revenue For Stadium / Hotel Construction 40y
Total Parking Revenue 40 yr Period
Total Revenue Available For Stadium / Hotel Construction 30y
Total Stadium / Hotel / Retail Construction Costs
Total Hotel Construction Cost
Total Stadium Construction Cost
Total Stadium Retail Construction Cost
Developer Fees And Admin Costs % 5 Percent
Total Stadium / Hotel / Retail / Construction Costs
$99,125,000.00
$770,000,000.00
$54,000,000.00
$46,156,250.00
$969,281,250.00
Total Revenue Available For Stadium / Hotel Construction 40y **
Total Net Revenue Available For Stadium / Hotel Construction 40y
Total 2nd Hotel Construction Cost
Total A's Stadium Construction Cost
Total A's Stadium Retail Construction Cost
Developer Fees And Admin Costs % 5 Percent
Total Stadium / Hotel / Retail / Construction Costs
$1,182,608,860.70 Total Revenue Available For Stadium / Hotel Construction 40y **
$213,327,610.70 Total Net Revenue Available For Stadium / Hotel Construction 40y
Total Stadium Operating Revenues / Costs Over 40 y
Total Stadium Operating Revenues / Costs Over 40 y
Total Stadium Operating Revenue over 40y (not for stadium construction)
Total Stadium Operating Cost over 40y
Total Net Profit over 40y
$2,334,800,000.00 Total Stadium Operating Revenue over 40y (not for stadium construction)
$460,000,000.00 Total Stadium Operating Cost over 40y
$1,874,800,000.00 Total Net Profit over 40y
Municipal Bond Issue For Project – Estimated Value / Payments
Municipal Bond Issue For Project – Estimated Value / Payments
Funds Needed
Debt Service Reserve
Cost of Issuance
Total Bonds Issued
$969,281,250.00
$110,110,350.00
$22,022,070.00
$1,101,413,670.00
Total Available Revenue For Bond Issue 40yr **
Revenue Net Cost Of Total Bonds Issued
$1,182,608,860.70 Total Available Revenue For Bond Issue 40yr **
$81,195,190.70 Revenue Net Cost Of Total Bonds Issued
Tax Revenue From Project
Funds Needed
Debt Service Reserve
Cost of Issuance
Total Bonds Issued
Tax Revenue From Project – Athletics
Hotel Transient Occupancy Tax Revenue 40 yr
Sales Tax Revenue 40 yr
Total Tax Revenue From Raiders Stadium Wing
$78,844,818.00 Hotel Transient Occupancy Tax Revenue 40 yr
$12,416,040.00 Sales Tax Revenue 40 yr
$91,260,858.00 Total Tax Revenue From A's Stadium Complex
Total Surplus / Deficit Revenue From Both A's / Raiders Stadium For Bond Issue
(That surplus can be used for the existing bond issue)
Total Surplus / Deficit Revenue Plus Combine Debt Service Reserve
$209,869,130.93
Total New Tax Revenue From New Coliseum Complex
$146,071,836.00
$389,155,916.93
Page 4
Sheet1
$500,000,000.00
Oakland Athletics
$50,000,000.00
$15,000,000.00
$30,000,000.00
$20,000,000.00
$14,000,000.00
$6,000,000.00
$0.00
$100,000,000.00
$100,000,000.00
$396,000,000.00
$184,800,000.00
0.6
$0.00
$67,200,000.00
$47,040,000.00
$20,160,000.00
$10,080,000.00
35,000
$504,000.00
$459,900.00
Page 5
Sheet1
$20,764,800.00
$8,305,920.00
$5.00
0.5
$7,175,000.00
$287,000,000.00
35,000
$8,800.00
$220.00
$22.00
150
$110,000.00
0.6
40
$396,000,000.00
0.35
$38,600,000.00
410.00
$195,000.00
$79,950,000.00
Page 6
Sheet1
325.00
$600.00
$75.00
$227.00
$93,070.00
0.65
$22,080,857.50
$1,324,851.45
$20,756,006.05
$863,449,851.68
$11,223,750.00
$462,418,500.00
$10,857,107.50
$401,031,351.68
$220,567,243.42
8,000
$20.00
$160,000.00
$13,120,000.00
$524,800,000.00
$9,600,000.00
$25,000,000.00
$490,200,000.00
Page 7
Sheet1
$575,065,920.00
$0.00
$220,567,243.42
$25,000,000.00
$820,633,163.42
$79,950,000.00
$500,000,000.00
$0.00
$28,997,500.00
$608,947,500.00
$820,633,163.42
$211,685,663.42
$750,800,000.00
$460,000,000.00
$290,800,000.00
$608,947,500.00
$69,176,436.00
$13,835,287.20
$691,959,223.20
$820,633,163.42
$128,673,940.22
$52,994,058.00
$1,816,920.00
$54,810,978.00
Page 8
