Saints Sweeten Their Own Deal

posted by NFL News 2:18 PM
Thursday, April 30, 2009

New Orleans Superdome RenovationsThe Saints are set to remain in New Orleans Louisiana through 2025 with the conclusion of a long-term agreement to play in a newly renovated stadium.

 

State surplus money would contribute an total of around $85 million in renovations to the Saints Superdome but is still contingent upon legislature approval.

 

“It’s a 15-year agreement with a five-year option,” Saints senior vice president and chief financial officer Dennis Lauscha including “widening plaza level concourses, adding concession stands, reconfiguring lower bowl seating to add 3,100 seats, and adding 300-level luxury boxes, a new retail store, a club lounge and upgraded restaurants.”

 

The discussed deal is also set to save taxpayers and estimated $240 million with the new contract as the deal will also involve the purchase of the Dominion Towers adjacent to the Superdome by Saints owner Tom Benson. There are a lot of side details that really just formulate an all to sweet deal for the Saints.

 

Overall it seems like a free ride for the team with all things considered and what interested parties of the Saints can take away from the deal. For example both the New Orleans Saints and the state of Louisiana including  two-thirds of the Dominion Towers being rented back to state agencies at ‘the going rate’.

 

Leave a Reply

Custom Authentic Jerseys Viral Marketing by SEM Truth.
Entries (RSS) and Comments (RSS).

The views, opinions and information are unofficial, independent and are not otherwise affiliated or represent the views or opinions of Custom Authentic Jerseys not any team, league or organization.