Showing posts with label South Bowl. Show all posts
Showing posts with label South Bowl. Show all posts

Wednesday, May 14, 2014

The White Whale Arrives

As I wrote at this time last year, I wasn't opposed to the idea of bowling in the south end of Jack Trice, I just didn't think it made financial sense.

But Pollard, the mad genius that he is, has found a way to make the numbers work. By adding a massive "Club Section" in the end zone seating area, 3000 fans will get the privilege of spending $750 on a season ticket that before was only $99. Granted, the club section will have amenities the current seating lacks- like a place to go when it gets too hot, too cold or too wet and porcelain toilets rather than Porta Potties. I suspect that section will sell quickly.

My only concern is that there be a plan for families who leverage Jr. Cyclone memberships into a family gameday activity. The current Jr. Cyclone membership won't be able to squeeze into the NE and NW corners under the current "Ya'll come" admittance policy. But $50 for a assigned seat on top of the current $50 Jr. Cy cost would be totally fair, and would move lots of families like mine from the grass to the seats.

If the reality looks in any way similar to the renderings, Trice may officially become a place you don't want to come play- and that will be great fun.

Friday, May 24, 2013

The Cyclone Fan's White Whale

The South Endzone Project rears its head again.

I understand that lots of Cyclone fans feel that as long as Trice a sort-of-open south end zone it will have a "second tier" look to it. But right now Iowa State is a second tier football program! Playing not-quite-.500-football doesn't justify a $50 million dollar upgrade.

But let's play what if from a business viewpoint: $50 million would replace 5000 current end zone  and hillside seats and add, best case, 10,000 new seats. Dream scenario, $50 per seat for 6 games equals $4.5 Million per season, giving you a payoff of roughly 12 years. But that's best case scenario.

As it stands now, end zone seats go for ~$30 on a season ticket. Hillsides are ~$20. Do you think all those fans are going to suddenly jump to $50 for a high end zone seat? Nope. They will have to be heavily discounted, probably in that $20-$30 range. Half the revenue means double the payback period. 25 years on a project? No. Way. It just doesn't pencil out.

Add in that the number of visitor tickets has dropped dramatically with Nebraska and Mizzou out of the league (not that Mizzou fans travel, but they could have), and the project gets even harder to pull off.  I know, luxury suites could be added to drive some revenue, but how much can you charge a high-roller for a lousy view? The article is right- unless someone donates $10+ million for the project, the South Bowl will remain a pipe dream.

Not that it wouldn't be cool and help our Cyclones look First Tier- but they have to win a lot of games before that will become a reality.