AKBison
01-10-2008, 05:07 PM
Here is an article out of wichita which talks about the purchase of naming rights for the citys new downtown arena. A lot of people on here have tossed around the $15 million dollar figure in regards to what we could get. However, if Wichita only got 14.75 million for the naming rights for its new 15,000 seat downtown arena, I don't see Fargo pulling in more than 7-8 Million dollar package. 5 million from Scheels for the outside naming rights with another Million coming from concourse/connecting hall naming rights.
The Sedgwick County arena is nameless no more. Get used to calling it the Intrust Bank Arena for the next quarter-century or so. On Wednesday, county commissioners approved a $14.5 million package granting naming rights to the arena and some of its component parts to Intrust, Cessna Aircraft and Spirit AeroSystems.
Intrust will hang its name on the building as a whole. The exterior plaza will be named for Cessna and the interior concourse will carry the Spirit brand.
• Intrust will pay $8.75 million: $7 million for the naming rights for 25 years, plus $1.75 million for rights to a luxury skybox and tickets to all arena events.
• Spirit and Cessna will each pay $3 million for naming rights for 20 years, with an option for a five-year extension. Their deals also include skybox and ticket rights.
For the naming rights alone, the companies' payments work out to a lower amount per year than for arenas in Oklahoma City, Omaha and Tulsa, but higher than in Little Rock.
According to a formula in Superlative's contract, the company will make about $1 million in commissions for selling the naming rights.
I hope we don't shell that kind of money out.
Does anyone know how much Alerus payed for the tin can up north? Wasn't it something like 2.5 million?
http://www.kansas.com/news/story/277113.html
The Sedgwick County arena is nameless no more. Get used to calling it the Intrust Bank Arena for the next quarter-century or so. On Wednesday, county commissioners approved a $14.5 million package granting naming rights to the arena and some of its component parts to Intrust, Cessna Aircraft and Spirit AeroSystems.
Intrust will hang its name on the building as a whole. The exterior plaza will be named for Cessna and the interior concourse will carry the Spirit brand.
• Intrust will pay $8.75 million: $7 million for the naming rights for 25 years, plus $1.75 million for rights to a luxury skybox and tickets to all arena events.
• Spirit and Cessna will each pay $3 million for naming rights for 20 years, with an option for a five-year extension. Their deals also include skybox and ticket rights.
For the naming rights alone, the companies' payments work out to a lower amount per year than for arenas in Oklahoma City, Omaha and Tulsa, but higher than in Little Rock.
According to a formula in Superlative's contract, the company will make about $1 million in commissions for selling the naming rights.
I hope we don't shell that kind of money out.
Does anyone know how much Alerus payed for the tin can up north? Wasn't it something like 2.5 million?
http://www.kansas.com/news/story/277113.html