Thursday, November 03, 2011

Biscuits hit low for yearly rent total

The Biscuits were at their weakest at the cash register this season, according to documents filed with the city as part of the team's quarterly rent payment.

The team paid $137,674 to cover the city's portion of stadium revenue for the months of July, August and September. The payment, which was due Monday, also brought an end to the 2011 fiscal year.

The team brought in a franchise-worst $4,641,100 for the year, just less than the $4,678,245 total from 2009. The Biscuits also drew a franchise-low 257,268 in attendance.

The $4.6 million still exceeds pro forma projections for the year used by the city council when it approved construction of Riverwalk Stadium in 2002. The projections called for just more than $3.5 million.

Since the stadium opened in April 2004, the team's revenue exceeds $43 million, according to city documents. The team has paid almost $4.7 million in rent, including almost $366,000 this year.

1 comment:

Dr.Miraculous said...

but will there be a change now that Dippin Dots is in financial trouble?